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20 medical device startups you need to know

June 26, 2020 By Sean Whooley

Here are 5 additional startups that got our attention

 

Iterative Scopes

Boston

Founded: 2017

Machine learning to detect signs of colon cancer

Iterative Scopes develops technology using computer vision and machine learning to provide real-time, computer-aided detection of lesions and other signs of colon cancer.

In January, the company announced that it closed a $5.2 million seed round of financing, bringing its total funds raised to over $7 million at the time. –SW

Investors include: P5 Health Ventures, TAU Ventures, TMC Innovation, Wavemaker Partners

 

Oncodisc

Walnut Creek, Calif.

Founded: 2018

Pharmaceutical therapy and patient monitoring for the detection of early illness

Oncodisc develops an implantable vascular access device embedded with an advanced sensor and communication technology.

In addition to facilitating the delivery of pharmaceutical therapy, the device monitors physiology for early detection of illness or treatment-related complications, according to the company. Oncodisc’s initial application centers around reducing the risks of cancer treatment. –SW

 

Provisio Medical

San Diego

Founded: 2014

Providing intravascular ultrasound to measure flow lumen

Provisio develops sonic lumen tomography through intravascular ultrasound technology, providing real-time flow lumen dimensions in a platform that may be integrated into many currently used endovascular devices.

The company pulled down a $4 million funding round in January 2018 and followed that up with an additional $2 million raised in an August 2019 financing round. –SW

 

Puzzle Medical Devices

Montreal, Quebec

Founded: 2018

Minimizing blood trauma for chronic heart failure patients

Puzzle Medical Devices is a Canadian company specializing in the development of a minimally invasive long-term hemodynamic transcatheter pump. Puzzle Medical enables mechanical hemodynamic support to be more efficacious, safer, and more economical, resulting in increased accessibility, improved patient quality of life and reduction of the global economic burden related to the disease. To date, Puzzle Medical has successfully completed acute in vivo preclinical implantations, according to the company.

“This technology clearly answers an unmet need in the management of chronic heart failure patients,” Morristown Medical Center (N.J.) interventional cardiologist Dr. Philippe Généreux said in a statement. “I have been extremely impressed by the success achieved during the initial preclinical work and remain excited and confident about its future application in patients.”

On June 15, the company announced that it closed its first convertible debenture financing round for an undisclosed amount. –SW

Investors include: Pascal Labrecque

 

Sherlock BioSciences

Cambridge, Mass.

Founded: 2019

Developing fast, accurate and affordable diagnostic tests

Sherlock BioSciences is developing applications of Sherlock, a CRISPR-based method for detecting and quantifying genetic sequences, and Inspectr, a synthetic biology-based, instrument-free molecular diagnostic platform.

In May, the company earned FDA emergency use authorization for a SARS-CoV-2 diagnostic and has since garnered $7.5 million in grant money to accelerate the development of an at-home COVID-19 diagnostic. The company announced this month that it will collaborate with Integrated DNA Technologies (IDT) to enable large-scale manufacturing of the Sherlock CRISPR SARS-CoV-2 kit. ––SW

Investors include: Baidu Ventures, Northpond Ventures, Open Philanthropy Project

Here’s our list of hottest medical device startups from 2019>>

 

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

About The Author

Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at swhooley@wtwhmedia.com.

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