Smartphone stethoscope startup led by 15-year-old wins First Look Forum

Hanging out on Jimmy Fallon’s show one week, a first-place finish at a pitch competition the next — things are rolling for the folks at StratoScientific. Led by 15-year-old CEO Suman Mulumudi and his father, Mahesh, StratoScientific won first place at Wednesday’s WTIA Spring First Look Forum. The new startup is developing two medical products: The Steth… Read More


Watch this 15-year-old Seattle entrepreneur pitch an amazing iPhone-enabled stethoscope to Jimmy Fallon

Check this out. 15-year-old Seattle inventor Suman Mulumudi recently appeared on The Tonight Show with Jimmy Fallon, showcasing his new Steth IO iPhone-enabled stethoscope. The son of a cardiologist even gave the late night comedian a heart check, to which Fallon replied: “Did that sound alright? Maybe I am a devil baby.” Fallon calls the Steth… Read More


Mobisante raises $4.2M for smartphone-based ultrasound imaging system

Mobisante, the Redmond-based company that makes ultrasound technology viewable on a smartphone or tablet, just pulled in $4.2 million in fresh funding to continue providing customers with a low-cost alternative to other expensive high-end portable ultrasound systems. Founded in 2009 by Sailesh Chutani — a former Microsoft mobile exec — and David Zar — a researcher at Washington… Read More


Cadence receives $1 million defense grant to get wounded soldiers walking again

Cadence Biomedical CEO Brian Glaister certainly is having a good week. In addition to being recognized at the Technology Alliance’s annual luncheon on Wednesday, the Seattle entrepreneur also announced that his company’s Kickstart Walking System has received a $1 million grant from the Department of Defense. Kickstart is an innovative device which helps those who’ve… Read More


Medical device maker Ekos acquired in $180M deal

Ekos, a Bothell medical device maker whose catheter-based ultrasound devices are used to break up blood clots in legs, has been acquired by British pharmaceutical company BTG for $180 million. The deal also includes up to $40 million in additional payouts if milestones are met. In addition to Ekos, BTG also agreed to purchased Nordion’s… Read More


Kona Medical lands $10M to reduce high blood pressure with ‘Surround Sound’ system

Kona Medical has reeled in another $10 million in equity and debt financing to continue working on a novel method that uses ultrasound to reduce high blood pressure. The financing, provided by two undisclosed strategic investors as well as Essex Woodlands, Domain Associates, Morgenthaler Ventures, Western Technology Investments and BioStar Ventures, follows the company’s $30 million… Read More


Cardiac Dimensions raises $5.8M, sets sights on Europe

Kirkland-based Cardiac Dimensions recently raised $5.8 million in equity, debt and warrants, in order to buy shares from a group of 17 investors, according to a SEC filing and an article on Xconomy. The company, which produces a medical device intended to treat congestive heart failure, got clearance to sell its first product in Europe last… Read More

The Cadence system

Cadence Biomedical scores $1.1 million to help people with disabilities walk

In what the company is describing as an oversubscribed venture round, Seattle medical device maker Cadence Biomedical has raised $1.1 million in new funding led by HealthTech Capital. Other participants include Sand Hill Angels, Tech Coast Angels, ACE Fund, Frontier Angel Fund, WINGS, Alliance of Angels and Keiretsu Forum Northwest. The money will be used to… Read More


Bain Capital to buy Physio-Control from Medtronic for $487 million

After 13 years under the umbrella of Medtronic, Redmond-based Physio-Control is getting a new corporate parent. It was announced this morning that the maker of defibrillators will be purchased by private equity firm Bain Capital for $487 million in cash. Physio-Control, which was founded more than 50 years ago and now has more than 650,000… Read More


RF Surgical raises $12 million to detect lost surgical sponges

RF Surgical Systems has raised $12 million, money that the Bellevue company will use to enhance its RFID technology for locating surgical sponges that doctors inadvertently leave behind during medical procedures. Investors in the round include Split Rock Partners, Menlo Ventures and Stanford University. The company released its RF Assure Detection System in November 2010, and since… Read More