DeepSpin

Medical Devices & EquipmentSeedBerlin, Germanydeepspin.io

Latest round

Seed

Last raised

May 2020

Total raised

$0.7M

Investors

3

About DeepSpin

Founded in 2019 and headquartered in Berlin, Germany, DeepSpin GmbH focuses on innovative MRI solutions. The company has not undergone any significant pivots and operates independently. The founders, Clemens Tepel and Pedro Silva, have backgrounds that contribute to their expertise in this field.DeepSpin is focused on revolutionizing Magnetic Resonance Imaging (MRI) through its innovative MRI systems that emphasize portability, affordability, and ease of use. The company's flagship product is an AI-powered MRI system that drastically reduces weight from several tons to a few hundred kilograms, allowing for mobile usage in various healthcare settings. This advanced system is designed to enhance access to MRI technology, particularly targeting underserved populations where 70% of individuals currently lack access.DeepSpin's revenue model is predominantly centered around direct sales of its MRI systems to healthcare providers and institutions. The company engages in B2B transactions, establishing partnerships with hospitals and clinics seeking to integrate advanced imaging technology into their services. The pricing structure for their products is designed to ensure affordability, reflecting a commitment to reducing overall healthcare costs while maintaining high-quality imaging standards. Given the transformative nature of the product, transactions may incorporate service agreements for maintenance and support, fostering ongoing relationships with clients. The company plans to launch new MRI systems designed for even wider accessibility, targeting specific healthcare markets in Europe and Asia by 2023. This initiative aims to address the critical need for advanced MRI technology in various regions, particularly where access is currently limited.

Who invested in DeepSpin

3 investors across 3 rounds

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Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.

Funding rounds

  1. Seed

    May 22, 2020

    Amount

    Undisclosed

    Investors

    Locked

  2. Seed

    May 20, 2020

    Amount

    $0.7M

    Investors

    Locked

  3. Seed

    Mar 12, 2020

    Amount

    Undisclosed

    Investors

    Locked

Questions about DeepSpin

Who invested in DeepSpin?

DeepSpin has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has DeepSpin raised?

DeepSpin has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did DeepSpin last raise money?

DeepSpin's most recent round on record is a Seed, in May 2020.

What does DeepSpin do?

Founded in 2019 and headquartered in Berlin, Germany, DeepSpin GmbH focuses on innovative MRI solutions.

Where is DeepSpin headquartered?

DeepSpin is headquartered in Berlin, Germany.

Which VCs invest in companies like DeepSpin?

Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back medical devices & equipment companies at DeepSpin's stage. Their profiles are linked below.

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