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Flosonics Medical secures a $15 million funding from BARDA for FloPredict software development, part of a $70 million contract. This aims to enhance trauma care through advanced ultrasound technology.

PRIVATESep 11, 20263 days ago

Amount Raised

$15 Million

Round Type

Grant

TorontoBiotechnologyHealth CareMedicalMedical Device

Investors

Biomedical Advanced Research And Development Authority

Description

Flosonics Medical has announced a development contract valued at up to $70 million with BARDA. The initial funding of approximately $15 million will support the development of FloPredict, an AI-enabled enhancement for their FloPatch device. The project extends real-time ultrasound technology into trauma care. This funding marks a significant milestone for the company in advancing health technology.

Company Information

Company

Flosonics Medical

Location

Toronto, Ontario, Canada

About

Flosonics Medical is a Canadian medical device company engaged in the research and development of innovative ultrasound technology. Founded in 2015, the company’s mission is to improve patient care and the practice of medicine through technology-enabled solutions and ground-breaking clinical research.

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