The Tel Aviv-based nutrition-related data services, analytics,and technologies company will be integrated into Medtronic’s Diabetes Group.
Medtronic, a global leader in medical technology, and Nutrino Health, a leading provider of nutrition-related data services, analytics, and technologies, today announced the companies have entered into a definitive agreement under which Medtronic will acquire Nutrino.
Israeli medical companies are tackling the problem of obesity.
A mathematician and an engineer bootstrapped a nutrition-tech company about seven years ago. Their goal was to create a platform that documents the diverse ways human bodies extract nutrition from food.
Medical tech company Medtronic is teaming up with Nutrino, an AI powered personalized nutrition platform. Nutrino’s FoodPrint Report technology will now be integrated into Medtronic’s iPro2 myLog app, a platform that connects with a continuous glucose monitor to help give users insights about their glucose levels.
As consumers become increasingly invested in their health, personalised nutrition and gene-tailored diets will become the norm, says the chief science officer of Israeli start-up Nutrino. “The future of food is in personalisation and companies who fail to appreciate this will struggle,” he says.
Nutrino, a leading provider of nutrition-related data services and analytics technology, announced today the completion of its Series A round of $8 million, bringing the total raised to $10 million. Pereg Ventures, Nielsen Ventures and Gandyr Group joined existing investors – including the New York Angels group, which led the seed round for the company.