Ablacon, Inc. Raises $21.5M Series A to Advance AI-Enabled Atrial Fibrillation Mapping System

AlixPartners Forecasts: Household Products Could Cost U.S. Manufacturers and Consumers 15% More This Year Due to Resin Shortage

While companies can’t control the market forces at play, they can take action to mitigate the risk and impact of supply chain disruption.

How To Control a Radio Frequency (RF) Process

The radio frequency welding and manufacturing process uses electromagnetic energy and pressure to fuse and permanently bond vinyl, thermoplastic, and coated materials to produce a specific product - all according to customer requirements. Using this RF sealing process, a distinct, one-piece perpetual bond is formulated that is both solid and resistant to ripping or tearing. But how is this process controlled, and with what specific tools? Read on.

April 30, 2019

Ablacon, Inc. today announced the closing of a $21.5 million Series A financing round led by Ajax Health. Ablacon is a Wheat Ridge, CO-based company developing an advanced mapping system to guide the treatment of atrial fibrillation (AFib).

Ablacon notes their novel algorithm uses artificial intelligence (AI) to analyze and visualize the flow of action potentials, or Electrographic Flow, within the heart in order to identify sources and drivers of AFib, the most common cardiac arrhythmia worldwide.  The map of the Electrographic Flow can help to guide physicians in targeted catheter ablation therapy.  The company will use the Series A funding to advance its technology pipeline and finance clinical trials.

“The Ablacon system is a very promising innovation in AFib mapping,” said Vivek Reddy, MD, the Helmsley Trust Professor of Medicine at the Icahn School of Medicine at Mount Sinai in New York City. “The early clinical experience indicates tremendous promise of this technology to improve our ability to treat this challenging disease.”

“The idea to leverage techniques and algorithms from computer vision to analyze electric signals in the heart is ingenious. Ablacon combines concepts from both the medical world and machine intelligence in a way that I think is very promising,” said Leibniz Prize holder Daniel Cremers, Professor and Chair for Computer Vision and Pattern Recognition at the Technical University of Munich.

As part of the investment, Ajax Health CEO, Duke Rohlen will join Ablacon as Chairman and CEO.  Duke’s track record of successful medical technology exits includes EPIX Therapeutics, Spirox, CV Ingenuity, and FoxHollow Technologies.

“Since our first meeting with Ablacon, we have been impressed with the caliber of the team and the promise of the technology to improve patient care in AFib.  I’m thrilled to join the team to advance this exciting project,” said Rohlen. Ablacon’s Founder and former CEO, Professor Peter Ruppersberg, will remain with the company as President and Chief Scientific Officer. “We look forward to working with Duke and his team of experienced healthcare executives to bring this technology to market,” said Ruppersberg.

spot_img

DON'T MISS

Mediclinic Appoints 2 New Independent Non-Executive Directors

Natalia Barsegiyan and Zarina Bassa will bring significant and diverse skills and experience, complementing those of existing Board members. I am confident they will both be great additions to our Board of Directors.”

Asensus Surgical Appoints Two New Board Members

Asensus Surgical, Inc. (NYSE American: ASXC), a medical device company that is digitizing the interface between the surgeon and the patient to pioneer a new era of Performance-Guided Surgery™, today announced the expansion of its Board of Directors, appointing...

Our Sister Publication: Biotechnology News Magazine

Subscribe to Medical Device News Magazine here.