Name of Company: Acutus Medical Inc.
Location: San Diego, California and Zurich, Switzerland
Solution/Product: An electrophysiology diagnostic product to map cardiac arrhythmias.
Money Raised:$2.5 million out of a $5 million in an expanded Series A roundh. The company raised $5.4 million in January.
How it will be used:To support ongoing technology development, said the company’s CEO.
Management team:Randy Werneth, Founder, President & CEO; Graydon Beatty, Chief Technology Officer; Tim Corvi, President of Research and Development
Market: Large companies likeBoston Scientific makes diagnostic catheters to map the heart’s electrical signals. And then there is iRhythm Technologies, a startupthat makes a wearable patch that can monitor and diagnose cardiac arrhythmia. There are several million Americans estimated to have undiagnosed cardiac arrythmias.
[Photo Credit: freedigitalphotos user Salvatore Vuono]