FluidAI Medical announces a $25M mfg. investment in Kitchener, Ont.

KITCHENER — The Ontario government is welcoming an investment of over $25 million by local medical technology company, FluidAI Medical.

“Through our Regional Development Program, our government is helping growing Ontario manufacturers like FluidAI Medical innovate and create good-paying jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We are proud to support a company that is doing groundbreaking work in Ontario’s world-class medical technology sector. Thank you, FluidAI Medical, for investing in Ontario.”

FluidAI Medical has developed an AI-powered monitor that detects post-operative gastrointestinal leaks, preventing complications that can arise from their late detection. The company’s investment will be used to research product improvements and build an automated assembly line to meet growing international demand and will create 38 jobs.

“At FluidAI, we are deeply invested in elevating Canadian manufacturing to the forefront of medical technology,” said Youssef Helwa, CEO, FluidAI Medical. “With the Ontario government’s support and funding, we are nurturing local talent and championing innovation right here in Ontario. Together, we are poised to transform patient care by providing surgeons with advanced AI-powered tools for clinical decision-making.”

In support of FluidAI’s investment, Ontario is providing over $1.4 million in funding through the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program.

“The commitment by FluidAl Medical to invest in and grow its Kitchener facility is great news for our region, one of the strongest economic areas of our country. This significant investment by FluidAl Medical, with the support of our government, will create new jobs and see advancements in the medical technology sector. Thank you to the team at FluidAl Medical,” said Brian Riddell, Member of Provincial Parliament for Cambridge.