# DeepSpin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepspin

- Industry: Medical Devices & Equipment
- Headquarters: Berlin, Germany
- Website: www.deepspin.io
- Total disclosed funding: $0.7M
- Latest round: Seed (May 22, 2020)
- Investors on record: 3

## About

DeepSpin GmbH specializes in transforming Magnetic Resonance Imaging (MRI) technology by creating portable, affordable, and user-friendly MRI systems aimed at enhancing medical access for underserved populations.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. As of May 2020, DeepSpin secured EUR 0.60 mn in Seed funding from investors Apex Ventures, Entrepreneur First, and SOSV, bringing the total amount raised to EUR 0.60 mn, with a current company valuation of EUR 2.16 mn.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 products are aimed at healthcare facilities, clinics, and organizations in both developing regions and metropolitan areas across North America, Europe, and Asia, striving to democratize MRI technology for broader medical applications.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 aim is to provide healthcare solutions that improve patient outcomes while addressing the accessibility challenges faced in various medical domains.In May 2020, DeepSpin GmbH raised EUR 0.60 mn in Seed funding, which will be utilized to enhance product development and market expansion strategies. 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.

## Funding rounds

- Seed, May 22, 2020 — SOSV
- Seed, May 20, 2020, $0.7M — SOSV, Entrepreneur First, Apex Ventures
- Seed, Mar 12, 2020 — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Apex Ventures (https://capitalatlas.ai/funds/apex-ventures) — Seed