Name of Company: Acutus Medical Inc.
Industry:Medical devices
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.
Investors: Index Ventures, Advent Venture Partners
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]
By Arundhati Parmar
Arundhati Parmar is the Medical Devices Reporter at MedCity News. She has covered medical technology since 2008 and specialized in business journalism since 2001. Parmar has three degrees from three continents - a Bachelor of Arts in English from Jadavpur University, Kolkata, India; a Masters in English Literature from the University of Sydney, Australia and a Masters in Journalism from Northwestern University in Chicago. She has sworn never to enter a classroom again.More posts by Author
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