Wednesday, 1 July 2020

Startup Funding Alert: Berlin's DeepSpin raises seed funding for its 'portable, ultra-low-cost' MRI system


DeepSpin, a Berlin-based startup co-founded by Clemens Tepel, a former McKinsey consultant, and Pedro Freire Silva, a PhD researcher from KIT, that is developing what it describes as a “next-generation, AI-powered MRI imaging machine,” has raised €600,000 in seed funding.

Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along with a number of unnamed angel investors. Including grants and earlier investments, it brings the total raised to €1 million pre-launch.

Yet-to-launch and still in the development phase, DeepSpin aims to build a new type of MRI system at a “fraction of the cost, weight and size” of existing systems. To make this possible, the startup has developed a new antenna technology combined with AI-controlled operation, which the startup is currently patenting.

It is very happy to note that they are removing all of the constraints with traditional MRI scanners, based on their proprietary technology, making MRI universally accessible for any patient, anywhere in the world.

Read on

Berlin's DeepSpin raises seed funding for its 'portable, ultra-low-cost' MRI system

DeepSpin, a Berlin-based startup that is developing what it describes as a "next-generation, AI-powered MRI imaging machine," has raised €600,000 in seed funding. Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along...

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