Piur Imaging, an Austria-based medical device company, which is active in the field of diagnostic ultrasound imaging and is specialized in the acquisition and visualization of 3D ultrasound images, raised €4.9 million in Series A funding.
The round was led by Ascend Capital Partners, a female-led healthtech. VC.Aescuvest, a prominent healthcare investment firm from Germany, joined as a new shareholder and invested alongside Ascend.
With the latest funding round, Piur will rework and relaunch a major software update and a second-generation sensor that will significantly improve the usability and performance of its device.
Piur will also grow its commercial team and user base, as well as scale its current focus markets – Germany, Italy, Spain, and France, and create initial sales in the USA.
“Ultrasound is one of the most important diagnostic imaging tools for certain diseases including vascular, thyroid, abdominal, and cardiac diseases.It is cost-efficient, has no side effects, and is well suited for soft tissue and blood vessel imaging”, explains Frederik Bender, Managing Director & CEO of Piur Imaging.“However, ultrasound is a real-time 2D-imaging modality, which relies on a doctor’s capabilities and experience to come up with a diagnosis based on a series of 2D images of three dimensional organs and structures.Depending on the disease, large inter- and intra-observer variabilities exist, and existing solutions cannot accurately calculate volumetric measurements, only estimations.”
Piur´s ultrasound solution, Piur tUS Infinity, is claimed to be the only vendor-independent tomographic 3D ultrasound solution on the market.
Company: Piur Imaging GmbH
Raised: €4.9M
Round: Series A
Funding Month: July 2023
Lead Investors: Ascend Capital Partners
Additional Investors: VC.Aescuvest
Company Website: https://piurimaging.com/
Software Category: AI-driven Tomographic 3D Ultrasound Solutions
About the Company: Founded by Frederik Bender and Robert Bauer in 2014 in Vienna, Piur Imaging is a medical device company. Its vision is to enable access to affordable, high-quality healthcare through AI-driven tomographic 3D ultrasound solutions everywhere. Its AI-driven tomographic 3D ultrasound solution can capture large regions of interest in high-resolution 3D volumes and provide clinical applications for semi-automatic data analysis. Already, Piur has several distribution partnerships with industry leaders in nuclear medicine and ultrasound lined up for the deployment of its solution.
Source: https://techfundingnews.com/piur-imaging-nets-e4-9m-to-take-its-ai-driven-tomographic-3d-ultrasound-solution-to-new-markets/