# SpinTech

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

- Industry: Software
- Headquarters: US
- Website: www.spintechmri.com
- Total disclosed funding: $6.5M
- Latest round: Series A (Jul 18, 2022)
- Investors on record: 2

## About

SpinTech, Inc. is an innovative healthcare technology company focused on enhancing MRI imaging through its STAGE™ platform, significantly improving the quality of medical imaging for healthcare providers.Founded in 2017 and headquartered in the US, SpinTech, Inc. specializes in MRI imaging enhancement. The company has successfully completed two funding rounds, with the most recent being a Series A round on July 18, 2022, which raised USD 6.5 mn led by Genesis Innovation Group and Level Eight Ventures. The company's CEO and founder is Ward Detwiler, who has a history of leadership in technology development.SpinTech MRI specializes in enhancing MRI imaging through its flagship product, STAGE™, which improves the quality of images generated by existing MRI machines without hardware modifications. The STAGE™ platform accelerates MRI brain protocol times by up to 30% and provides critical quantitative data for neurologists, neurosurgeons, and radiologists. This technology integrates seamlessly with various MRI machines, enhancing imaging capabilities for healthcare facilities across North America and Europe.SpinTech MRI generates revenue through a B2B model, providing its STAGE™ platform to healthcare institutions such as hospitals and imaging centers. The transaction structure involves licensing the STAGE™ technology, with pricing plans based around initial setup fees and ongoing maintenance agreements, aligning the company's financial interests with those of its clients.In July 2022, SpinTech, Inc. raised USD 6.5 mn in Series A funding, which will be utilized to expand deployments of the STAGE software among neurologists, radiologists, and researchers. The company aims to enhance its market presence by targeting new geographic regions and increasing the use of its technology in existing and new healthcare facilities.

## Funding rounds

- Series A, Jul 18, 2022, $6.5M — Genesis Innovation Group, Level Eight Ventures

## Investors

- Genesis Innovation Group (https://capitalatlas.ai/funds/genesis-innovation-group) — Series A
- Level Eight Ventures (https://capitalatlas.ai/funds/level-eight-ventures) — Series A