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Icometrix

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AI-powered software for quantitative brain scan analysis

Leuven, BelgiumFounded 2011Biotech & Life Sciences
Valuation $50–100M Last recorded · 2025
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Icometrix

Icometrix provides artificial intelligence-powered software solutions for the analysis of brain MRI and CT scans. The company was founded in 2011 by Dirk Loeckx and Wim Van Hecke as a spin-off from the universities and university hospitals of Antwerp and Leuven in Belgium. The founders recognized the valuable information within brain scans and the difficulty for clinicians to extract it efficiently, leading them to develop AI to bridge this gap.

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The company's core product is the icobrain software portfolio, which has received both CE-marking and FDA clearance. This cloud-based platform extracts clinically meaningful data from brain scans to assist in the diagnosis, monitoring, and treatment of neurological disorders such as multiple sclerosis (MS), Alzheimer's disease, dementia, traumatic brain injury, stroke, and epilepsy. The software quantifies brain structures and abnormalities, providing objective metrics that help clinicians track disease progression and treatment response. For instance, 'icobrain ms' helps monitor MS by tracking lesion and brain volume changes, while 'icobrain dm' assists in diagnosing dementia by identifying patterns in brain volume loss. In November 2024, the FDA cleared 'icobrain aria,' the first AI software for detecting and grading Amyloid-Related Imaging Abnormalities (ARIA), a potential side effect of some Alzheimer's therapies.

Icometrix serves hospitals, imaging centers, radiologists, and neurologists. Its business model involves providing its software as a service, which is integrated into clinical workflows. The company also collaborates with pharmaceutical companies on clinical trials and real-world evidence studies. Icometrix has established partnerships with major medical technology companies like Siemens Healthineers and Philips to integrate its AI solutions into their platforms. In September 2025, GE HealthCare announced its agreement to acquire Icometrix, aiming to integrate the icobrain platform with its MRI systems to meet the growing demand for personalized neurological treatment planning.

Over its history, Icometrix has raised a total of $20.2 million in funding over 10 rounds, with a significant Series A round of $18 million in 2019 led by Forestay Capital, Optum Ventures, and Capricorn Venture Partners. During the COVID-19 pandemic in 2020, the company launched icolung to analyze chest CT scans and also introduced icompanion, a digital platform and app for MS patients to monitor their health. The company is headquartered in Leuven, Belgium, with a U.S. presence in Boston.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2011
Headquarters
Leuven, Belgium
Employees
46
Open positions
1
Dealroom signal
67.6/100
Industry
Health
Sub-industry
BioTechnology, Health Platform
Sector
Biotech & Life Sciences, Biotechnology, MRI, Biomarkers
Technology
Artificial Intelligence, Hardware, Big Data, Deep Tech, Machine Learning, Computer Vision
Business model
SaaS
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Sep 2025 $0 — GE Healthcare ↗
GRANT✓Other financing Mar 2023 $1.8M — NHS England ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

Icometrix website traffic

Latest recorded traffic for Icometrix is 27K monthly website visits, up 400% over the last three months. Icometrix's team grew 0% over the past year.

Latest monthly visits27K 3-month web change+400% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • NHS England

Series A1 investor entered at this stage

  • Capricorn Partners

Series B and later2 investors entered at this stage

  • Forestay Capital
  • Optum Ventures

Other known investors9 additional known investors

  • 28DIGITAL Accelerator
  • EIT Health
  • GE Healthcare
  • KU Leuven
  • University of Antwerp
  • Caring Entrepreneurship Fund
  • Gemma Frisius Fund - GFF
  • HERAN Partners
  • Quest for Growth
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇧🇪 Belgium70.5%
🇺🇸 United States22.7%
🇵🇹 Portugal2.3%
🇫🇷 France2.3%
🇬🇧 United Kingdom2.3%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Icometrix on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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