Hike Medical, a San Francisco-based healthcare technology company, has raised $22.5 million in seed and Series A funding to improve how medical devices are ordered, manufactured, and delivered.

The round was led by Max Altman at Saga Ventures, with participation from Indicator Ventures, Fifth Down Capital, RiverPark Ventures, Orthofeet, and other investors.

Founded and led by CEO Aadi Bhanti, Hike Medical provides a platform that connects the entire supply chain for orthotics, prosthetics, and durable medical equipment (DME).

The company uses AI, mobile scanning, and 3D printing to simplify the process from patient referral to device delivery.

Its platform includes three main products:

• Hike Intelligence: AI agents that process referrals and help manage insurance approval and payment.
• Hike Clinical: Tools that allow clinicians to scan patients, document information, and order devices through one workflow.
• Hike Lab: An in-house manufacturing operation in Peoria, Illinois, that uses 3D printing to produce custom medical devices.

Hike says its technology has already reduced custom insole production times from weeks to days and significantly lowered remake rates.

The company plans to use the new funding to hire more employees in engineering and sales, expand manufacturing operations, and move beyond insoles into the broader DME market.

Hike Medical aims to make device-based healthcare faster and easier for providers while helping more patients access the medical equipment they need.