Magentiq is a forward-thinking startup dedicated to revolutionizing healthcare through the development of advanced artificial intelligence (AI) tools. The company operates in the medical device sector, specifically focusing on endoscopic medical procedures. Magentiq's primary clients are healthcare providers, including hospitals and clinics, that perform colonoscopy screenings and other endoscopic exams.

Magentiq's flagship product is an add-on diagnostic decision support system designed to assist doctors during colonoscopy screenings. This system leverages cutting-edge deep learning AI, computer vision, and video analysis technologies to help doctors identify polyps that might otherwise be missed. By enhancing the accuracy and efficiency of these medical procedures, Magentiq aims to improve patient outcomes and support doctors in their challenging tasks.

The company is co-funded by the Horizon 2020 programme of the European Union, which underscores its commitment to innovation and excellence in healthcare technology. Magentiq's business model revolves around the development and commercialization of its AI-driven diagnostic tools. The company generates revenue by selling its products to healthcare institutions and possibly through subscription models or licensing agreements.

Magentiq operates in the global healthcare market, with a particular focus on regions where endoscopic procedures are prevalent. The company's vision is to integrate deep learning and computer vision into medical practices worldwide, ultimately aiding doctors in diagnosing, treating, and curing millions of patients.

In summary, Magentiq is a medical device startup that uses advanced AI technologies to improve the accuracy and efficiency of endoscopic medical procedures, primarily serving healthcare providers. The company makes money by selling its innovative diagnostic tools to hospitals and clinics.

Keywords: AI, healthcare, medical devices, endoscopy, colonoscopy, deep learning, computer vision, diagnostics, Horizon 2020, innovation.