Last updated 2026-07-19
- Acquired by Philips for $42.5M, Aug 2019
- Raised Undisclosed Round led by JAFCO Co, Oct 2002
Total raised
—
Last: Undisclosed Round 2002-11
Stage
Acquired
Founded
1992
Headcount
65
HQ
Ra'anana, Israel
Sector
Health Tech & Life Sciences
About
Algotec provides healthcare facilities with web-enabled solutions for image management, reading, processing, reporting, and distribution. The companys solutions include teleradiology, picture archiving and communications systems, radiology information systems, multi-site image-management systems (SuperPACS), clinical data archiving, and eHealth managed services. Algotec was acquired in 2013 by the Eastman Kodak Companys Health Imaging Group and has been a fully owned subsidiary of Carestream Health since 2007. As of August 2019, Algotec has been a fully owned subsidiary of Philips.
Funding history · 1 round · — total
2002-10
Undisclosed Round
Undisclosed
★ JAFCO Co★ Star Ventures
Headcount over time
From 176 (2018-10) to 66 (2026-03) · -110 (-62%) · 60 points · source: Finder history + radar grounding
Q&A
- What is Algotec's primary business?
- Algotec provides web-enabled solutions for medical image management, reading, processing, reporting, and distribution to healthcare facilities. Their offerings include teleradiology, PACS, RIS, multi-site image-management systems (SuperPACS), clinical data archiving, and eHealth managed services.
- When was Algotec founded?
- Algotec was founded in December 1992.
- Who acquired Algotec and when?
- Algotec was acquired by Philips in August 2019.
- Who are the key executives at Algotec?
- Menashe Benjamin is the Founder & Managing Director, Kobi Zohar is the CFO, and Miriam Shtilman Lavsovski is the COO.
- What sector does Algotec primarily operate in?
- Algotec's primary sector is Health Tech & Life Sciences.
- Which investors participated in Algotec's funding round in November 2002?
- Star Ventures and JAFCO Co participated in Algotec's funding round in November 2002.
- What technologies does Algotec utilize in its solutions?
- Algotec utilizes Artificial Intelligence, Natural Language Processing, Image Recognition, Machine Learning, Platforms & Interfaces, and Web technologies.
Team · 3
Sectors & technology
Primary sector
Health Tech & Life Sciences
Sub-sectors
Health Tech & Life SciencesDigital HealthcareClinical Workflow
Technologies
Artificial IntelligenceNatural Language ProcessingImage RecognitionMachine LearningPlatforms & InterfacesWeb
Target customers
Healthcare & Life SciencesHealthcareLaboratoriesProviders
Business model
B2B
Tags
radiologycomputer-visiondigital-healthcareimagingmedical-dataartificial-intelligenceclinicscadhealthcare-providershospitalsclinical-workflow
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
Identifiers & details
| Legal name | Algotec Systems Ltd. |
|---|---|
| Founded | 1992-12 |
| Employees (exact) | 65 |
| Status reason | Acquired (Inactive) by Eastman Kodak on Jan 2003 - closed due to acquisition |
| Wikidata QID | Q25489407 |
Acquisitions & public offerings
Acquired by Philips 2019-08 $42.5M
Radar intelligence
Patents
| EPO | 48 |
|---|
Publications (Crossref)
| Works | 2 |
|---|
GitHub
| Top repos | webpack-svgstore-plugin, glsl-conditional-loader, monopoly-core, html-elements-webpack-plugin, node-bunyan |
|---|
Web history (Wayback)
| Domain | algotec.com |
|---|
Wikidata
| QID | Q25489407 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 511752826 |
|---|---|
| Status | מחוסלת עקב מיזוג — CLOSED |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 1992-12-23 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2020 |
| Active charges / liens | 0 |
| Registry events | 0 |
| Registered address | הפנינה 2 רעננה |