The startup is developing a portable MRI device that enhances imaging quality for neurological conditions through advanced sensor technology and quantitative portfolio analysis. This innovation enables healthcare providers to obtain clearer diagnostic images while optimizing their purchasing strategies for medical equipment.
Funding
$9.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Conventional MRI systems are often inaccessible due to their high cost, infrastructure requirements, and lack of portability, leaving a significant portion of the global population without access to essential medical imaging. This limited access hinders early diagnosis and monitoring of various medical conditions, particularly in underserved areas and point-of-care settings.
Solution
Multiwave Technologies is addressing this challenge with MGNTQ™, a portable, ultra-low field MRI device designed for global accessibility. The device's compact size and lightweight design (approximately 200kg) enable it to be easily moved to the patient, whether in a hospital, rural clinic, or even a patient's home. MGNTQ™ operates on a subscription-based model, making it 5-10x more affordable than traditional MRI scanners, and requires no specialized infrastructure, such as cooling systems or dedicated power outlets. The device also prioritizes patient comfort with low acoustic noise levels and an open design suitable for claustrophobic individuals.
Target Audience
The primary target audience includes healthcare providers in hospitals, rural clinics, and point-of-care settings, as well as organizations seeking to expand access to medical imaging in underserved communities and facilitate research on ultra-low field MRI.
Features
- Portable and lightweight design for easy relocation and deployment in diverse settings
- Ultra-low field MRI technology, reducing infrastructure and maintenance costs
- AI-powered image enhancement for diagnostic and preventive care
- Subscription-based pricing model for affordability and accessibility
- Low acoustic noise levels for enhanced patient comfort, suitable for infants and sensitive patients
- Minimal infrastructure requirements, operating on standard power outlets without the need for cooling or magnetic shielding
- Metamaterial-based technology to enhance image quality