Medtech Startups: Truvian Sciences, Virtual Incision, BresoTEC, & more

Posted by Life Science Intelligence on Mar 1, 2021 7:41:58 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape. 

Truvian Sciences raises $105M in oversubscribed Series C financing

Funds from the round will be put towards accelerating FDA submission and commercialization for the company’s compact and fully automated benchtop system. The technology is being developed to provide healthcare providers with lab-quality results from a small sample of blood. In addition, the platform is intended to be an affordable diagnostic solution compared to the alternative - off-site labs. To-date, the company has more than $150M. Some of the leading strategics in the diagnostic testing market include BD, Illumina, and Roche.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Venture Capital, Medtech Innovation Weekly Update

Medtech Startups: Hyperfine, OPUM Technologies, BioLiberty, & more

Posted by Life Science Intelligence on Feb 22, 2021 7:52:14 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape. 

Hyperfine raises $90M in Series D Financing

Hyperfine is the company behind Swoop, an FDA 510(k)-cleared portable MRI machine. Funds from the round will be utilized to accelerate the company’s plans for commercial launch in multiple countries, as well as to aggressively improve the commercial expansion of their technology in the US. In addition to the support of commercialization efforts, the funds will be used to obtain new regulatory clearances, expand uses cases, and improve their technology’s deep learning and AI capabilities. Key strategics in the MRI market include Canon, GE Healthcare, and Siemens.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Venture Capital, Medtech Innovation Weekly Update

Medtech Startups: Miracor Medical, FEops, Solenic Medical & more

Posted by Life Science Intelligence on Feb 8, 2021 7:55:14 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape. 

Solenic Medical is using alternating magnetic fields to reduce implant biofilms

Infections of implants are difficult to treat. According to Solenic Medical, the gold standard for the treatment of implant biofilm formation has a failure rate of 18%, with estimated reinfection rates of approximately 9%. To resolve this, Solenic Medical is developing a non-invasive technology that heats the implant using alternating magnetic fields which can reach high temperatures that are limited to less than 1mm from the implant surface. In January 2021, the company closed a Series A round for an undisclosed amount of funding.

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Medtech Startups: MIVI Neuroscience, Age-Less AI, Vitls, & more

Posted by Life Science Intelligence on Feb 1, 2021 8:42:52 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape. 

MIVI Neuroscience – next-generation solutions for neurointervention

MIVI is currently developing the DAISe Clot Retrieval System, a catheter deployed solution intended to facilitate clot retrieval. The device uses unique materials that are vessel conforming and prevent mechanical backstop. In addition to the DAISe system, the company is developing the Q Aspiration System. In January 2021, the company closed a Series B round of $35M. The funds from the round will be used fund clinical trials and subsequent commercialization of the two products. Penumbra, Stryker, and Terumo are leading competitors in the market for neurointerventional devices.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Venture Capital, Medtech Innovation Weekly Update

Medtech Startups: Resmonics, EBR Systems, Neuros Medical, & more

Posted by Life Science Intelligence on Jan 25, 2021 8:06:15 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape.  

Resmonics is developing a digital biomarker service for patients with asthma and COPD

Asthma Guardian is the company’s first product. The smartphone application monitors a patient’s breathing in real-time for signs of future exacerbations. The company recently closed a pre-seed financing round. Funds from the round will be used to accelerate market entry for the company’s digital health application, which is anticipated to reach European markets in Q3/21.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Venture Capital, Medtech Innovation Weekly Update

Medtech Startups: Noctrix Health, Moray Medical, OptiCyte, & more

Posted by Life Science Intelligence on Jan 18, 2021 9:29:56 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape.  

Noctrix Health raises $17M from Series B round

Noctrix Health is developing wearable therapeutics for the management of chronic illnesses. The company was founded to develop a non-pharmaceutical treatment for restless leg syndrome (RLS). Using a neuromodulation-based approach to treat the painful sensations associated with RLS. The device has received “Breakthrough Device Designation” from the US FDA. Boston Scientific, Medtronic, and Nevro are some of the key strategics in the neuromodulation devices market.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Venture Capital, Medtech Innovation Weekly Update

Medtech Startups: CorWave, Stimit, Ablacon, Avisi Technologies & more

Posted by Life Science Intelligence on Jan 11, 2021 9:11:54 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape.  

CorWave raises $42.8M in Series C round

The company is developing a left ventricular assist device using proprietary wave membrane technology. The technology mimics the physiological flow of blood produced by the native heart. Funds from the round will be used to finalize product development, initiate the process of building manufacturing infrastructure, and initiate clinical testing for regulatory approval. Abbott, LivaNova, and Medtronic are key strategics in the ventricular assist devices market.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Innovation Weekly Update

Medtech Startups: IsoPlexis, eVisit, Nēsos, & more

Posted by Life Science Intelligence on Jan 4, 2021 9:48:41 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape.  

IsoPlexis completes Series D round, raising $85M

IsoPlexis develops an end-to-end solution proteomics platform for curative medicine development. The IsoSpark platform is capable of evaluating the safety and efficacy of new therapeutics for chronic diseases and cancers. To-date, the company has raised approximately $154M in funding. Illumina, Qiagen, and Thermo Fisher are some of the key strategics in the molecular diagnostics market.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Innovation Weekly Update

Medtech Startups: Cimon Medical, TYBR Health, Carlsmed, & more

Posted by Life Science Intelligence on Dec 28, 2020 10:26:32 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape.  

Cimon Medical is developing ultrasound technology for continuous blood flow monitoring

The company’s first product, NeoDoppler, is being developed to monitor and reduce the risk of neurodevelopmental damage in neonates. The company is currently working with manufacturing partners to achieve a launch in Q4 2021. In December 2020, Cimon Medical raised $7M in capital from a Series A round. Key strategics in the ultrasound market include GE Healthcare, Philips, and Siemens.

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Topics: Startup, Strategics, Medtech, Medtech Venture Capital, Medtech Innovation Weekly Update

Medtech Startups: Pear Therapeutics, Attest Laboratories, PONS, & more

Posted by Life Science Intelligence on Dec 14, 2020 9:05:47 AM

LSI's Medtech Startup Tracker is focused exclusively on covering the privately-held innovators changing the medical device landscape.  

Pear Therapeutics raises $80M in Series D round

Pear Therapeutics develops prescription digital therapeutics for the treatment of opioid use and substance use disorder. The company recently received FDA clearance for a third digital therapeutic for the treatment of chronic insomnia. According to a press release from the company, funds from the round will be invested in the commercialization of these three digital therapeutics, including the acceleration of reimbursement coverage.

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Topics: Insider, Startup, Strategics, Medtech, Medtech Innovation Weekly Update