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Medimaps Group Raises $20 Million To Expand And To Commercialize Ai Product Portfolio For Bone Health Assessment Utilizing Routine Medical Images

PRIVATEDec 01, 2021

Amount Raised

$20 Million

Round Type

Funding Round

GenevaManufacturingBiotechnologyData And AnalyticsHealth CareMedicalMedical Device

Description

MEDIMAPS GROUP, (www.medimapsgroup.com), a Swiss/Global med-tech company specializing in image processing software for the assessment of bone health, announced today that it has secured $20 million in an institutional investment round led by Swisscanto Invest by Zürcher Kantonalbank, alongside Swiss Entrepreneurs Fund, Swisscom Ventures, and Verve Ventures. The funds raised will be used to expand its product portfolio with the development and market launch of its patented A.I. applications for bone health assessment in the U.S., Europe, Asia, and Latin America. The company’s current flagship product, Trabecular Bone Score (TBS iNsight), has received medical reimbursement in the U.S

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Company Information

Company

medimaps group S.A

Location

Geneva, Geneva, Switzerland

About

Medimaps is a leading provider of AI-driven imaging solutions for bone microarchitecture worldwide. Founded by medical professionals and clinical researchers, the company combines Swiss innovation with a global presence to play a leading role in bone health. Their software, TBS Osteo, offers a comprehensive evaluation of bone microarchitecture, assisting healthcare professionals in assessing fracture risks. Medimaps is committed to continuous development to meet the evolving needs of patients and clinicians.

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medimaps group S.A raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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