# Novosound

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

- Industry: Industrial Machinery
- Headquarters: UK
- Website: www.novosound.net
- Total disclosed funding: $2.1M
- Latest round: Seed (Apr 4, 2018)
- Investors on record: 3

## About

Novosound Ltd. is a UK-based company specializing in innovative ultrasound technology, developing advanced sensors for various applications, including medical monitoring and industrial uses.Founded in 2018 in the UK, Novosound Ltd. focuses on advanced ultrasound technology. The company has pivoted towards B2B partnerships and direct consumer sales. CEO Dave Hughes leads the firm, which has secured a total of GBP 2.0 million across four funding rounds, with the latest round taking place on September 30, 2024, led by Par Equity and involving other investors such as Kelvin Capital and Scottish Enterprise. The current company valuation stands at GBP 19.949 mn.Novosound specializes in innovative ultrasound technology, primarily using its proprietary thin-film technique to develop advanced ultrasound sensors. Core offerings include a wireless wearable ultrasound platform for monitoring health metrics like dehydration and blood pressure. Their products serve diverse sectors, including wearables, medical, and industrial applications, with notable partnerships with companies like Nasdaq-listed PAVmed Inc. and Baylor College of Medicine. Their technology is deployed across North America, Europe, and Asia to address applications such as intravascular imaging and corrosion monitoring.Novosound generates revenue through a range of B2B partnerships and direct-to-consumer sales for its ultrasound products. Transactions often involve customized solutions for clients, including subscription models for ongoing support and project-based contracts. Their flagship products in healthcare offer unique remote monitoring and diagnostic capabilities. Pricing structures are flexible to meet various client needs, fostering long-term collaborations that enhance their impact across industries.In September 2024, Novosound Ltd. raised GBP 2.0 million in venture funding led by Par Equity, with contributions from Kelvin Capital, University of the West of Scotland, and Scottish Enterprise. The funding will expedite the commercialization of their ultrasound technology. Plans include developing new products and expanding into additional markets within the healthcare and industrial sectors, with specific regional targets expected to be outlined in future updates.

## Funding rounds

- Seed, Apr 4, 2018, $2.1M — PXN Group, Kelvin Capital, Gabriel Investments

## Investors

- PXN Group (https://capitalatlas.ai/funds/pxn-group) — Seed
- Kelvin Capital (https://capitalatlas.ai/funds/kelvin-capital) — Seed
- Gabriel Investments (https://capitalatlas.ai/funds/gabriel-investments) — Seed