Hi Technologies is a LATAM startup offering an online platform for laboratory testing services. The company developed Hilab, consisting of an IoT device that performs blood tests and a cloud-based platform that delivers lab reports in real-time. The technology solves a clear pain point in emerging markets: having lab exams is expensive and time-consuming for most Brazilian patients.
The company aims to disrupt a $13bi industry by providing a fast and convenient experience. With Hilab, the blood test can be performed directly at a physician clinic or in a drugstore. After collecting a few drops of blood, the collected sample is processed and tested inside a disposable capsule. A digitalized version of the sample is sent to the cloud, where medical experts (helped by proprietary AI algorithms) prepare a lab report. The whole process (from blood collection until delivered lab report) usually takes less than 10 minutes.