# Naviscan PET Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/naviscan-pet-systems

- Industry: Biotechnology
- Headquarters: San Diego, US
- Website: www.naviscan.com
- Total disclosed funding: $23M
- Latest round: Series A (Dec 18, 2012)
- Investors on record: 4

## About

Naviscan PET Systems Inc. develops innovative software solutions aimed at enhancing data management and analytics, particularly for clients in the healthcare, finance, and retail sectors.Naviscan PET Systems Inc. specializes in the development of advanced imaging technologies and software solutions. Founded in 1995 in San Diego, US, the company focuses on improving data management in the medical field. Notably, in December 2013, Compañía Mexicana de Radiología acquired certain assets from Naviscan. The company has successfully completed 9 deals, with its latest funding round being Series A, raising USD 1.00 mn from investors, including Sanderling Ventures and Walker Ventures. The current valuation of the company stands at USD 3.31 mn.NaviScan.com specializes in providing advanced software solutions designed to optimize data management and analytics processes for businesses across various sectors. Their core product offerings focus on streamlining information retrieval and enhancing decision-making capabilities through intuitive user interfaces and robust data integration features. These solutions serve a diverse clientele, including enterprises in the healthcare, finance, and retail industries, who utilize the software to tackle challenges such as inefficient data handling, reporting inaccuracies, and the need for real-time insights. The products have been strategically released in major markets, including North America and Europe, where demand for sophisticated data solutions continues to grow. By facilitating improved operational efficiency and insights-driven strategies, NaviScan.com effectively addresses the evolving needs of its end users.The revenue model of NaviScan.com is structured primarily around subscription-based services, enabling clients to access their advanced software tools on a recurring basis. Transactions typically occur through direct agreements between the company and its clients, ensuring a streamlined procurement process for both parties. This model allows businesses to implement the software solutions without significant upfront costs while enjoying ongoing support and updates. The flagship products are designed to cater to the specific needs of various sectors, facilitating smooth integration into existing workflows. While detailed pricing plans are not disclosed, the structure supports scalable solutions tailored to different organizational sizes and requirements, further driving customer retention and revenue stability.Naviscan PET Systems Inc. is focused on expanding its product offerings and market reach. The company is currently developing new software solutions aimed at enhancing imaging technology and expects to launch these products by late 2024. Additionally, the company plans to enter new geographic markets, specifically targeting Asia and Latin America by 2025. The recent funding from the Series A round will support these initiatives, allowing for investment in research and development as well as marketing efforts to penetrate these new regions.

## Funding rounds

- Series A, Dec 18, 2012, $1M — Sanderling Ventures, Walker Ventures
- Series C, May 3, 2007, $15M — Mayo Clinic Ventures, Sanderling Ventures, Questmark Management Company, Walker Ventures
- Series B, Sep 26, 2005, $6.5M — Mayo Clinic Ventures, Sanderling Ventures

## Investors

- Mayo Clinic Ventures (https://capitalatlas.ai/funds/mayo-clinic-ventures) — Series B, Series C
- Sanderling Ventures (https://capitalatlas.ai/funds/sanderling-ventures) — Series B, Series C, Series A
- Questmark Management Company (https://capitalatlas.ai/funds/questmark-management-company) — Series C
- Walker Ventures (https://capitalatlas.ai/funds/walker-ventures) — Series C, Series A