Intuitap Medical Close Successful $5.5m Series A Round of Funding Led by the Pink Ceiling and Curate Capital

Summation

  • With the current capital raise and the strength of the caliber of investors we have in the company, we feel very optimistic about the lasting change we can make on the healthcare system,” said Jessica Traver-Ingram, IntuiTap CEO, “Our device is going to save doctors’ and patients’ time, and reduce frustration, pain, and complications for one of the most common procedures in the hospital setting.
  • This latest raise will be used to take IntuiTap’s novel VerTouch technology through final clinical trials at the University of Texas, the Medical University of South Carolina, and Rhode Island Hospital, and through a submission to the FDA for approval.
  • IntuiTap’s first in class technology eliminates that guesswork by providing physicians 2D imaging of the patient’s vertebrae and needle guidance all in the palm of their hand.

IntuiTap Medical, a cutting-edge medical device company with technology poised to change the spinal tap, announced today the closing of their Series A investment round.

The transaction was led by The Pink Ceiling, IntuiTap’s largest investor, and Curate Capital. This latest raise will be used to take IntuiTap’s novel VerTouch technology through final clinical trials at the University of Texas, the Medical University of South Carolina, and Rhode Island Hospital, and through a submission to the FDA for approval.

VerTouch eliminates the guesswork from spinal punctures, reducing physician frustration, patient pain, and costly trips to radiology. The current standard of care for spinal punctures requires physicians to feel patients’ vertebrae and blindly insert a needle. This method results in first attempt failures in as high as 60% of cases, requiring multiple insertions to properly place the needle.

IntuiTap’s first in class technology eliminates that guesswork by providing physicians 2D imaging of the patient’s vertebrae and needle guidance all in the palm of their hand. The device has demonstrated a 90+% single-insertion success rate, and can be used at the patient’s bedside, significantly reducing the need for costly radiological intervention.

“IntuitTap and Jessica Traver-Ingram just changed the game for women’s healthcare. The need to perform multiple dreaded spinal punctures due to high failure rates is now virtually eliminated thanks to an innovative new device. Patients get to breathe a big sigh of relief while the medical industry saves considerable time and money. That’s a big win for everyone”, said Cindy Eckert, CEO of The Pink Ceiling and IntuiTap Investor.

“At Curate Capital, we invest in businesses built by women for women,” said Carrie Colbert, Founding Partner of Curate Capital and IntuiTap investor. “We love that IntuiTap is solving a literal pain point for millions of women! Beyond that, we invest in winning women – and that’s exactly who Jessica Traver-Ingram is.”

“IntuiTap is entering our exciting final step toward FDA approval. With the current capital raise and the strength of the caliber of investors we have in the company, we feel very optimistic about the lasting change we can make on the healthcare system,” said Jessica Traver-Ingram, IntuiTap CEO, “Our device is going to save doctors’ and patients’ time, and reduce frustration, pain, and complications for one of the most common procedures in the hospital setting.”

Medical Device News Magazinehttps://infomeddnews.com
Medical Device News Magazine provides breaking medical device / biotechnology news. Our subscribers include medical specialists, device industry executives, investors, and other allied health professionals, as well as patients who are interested in researching various medical devices. We hope you find value in our easy-to-read publication and its overall objectives! Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

- Advertisement -

spot_img

- Advertisement -

Powered By MRP Raises Series A Funding from Aries Capital Partners and Swell Collective

The Series A investment marks a pivotal moment in the company's growth trajectory as it brings together unparalleled expertise and resources to accelerate the company’s expansion plans and market presence.

Nuclera Awarded £1.14M Innovate UK Funding for Development of eProtein Discovery

The funding, made up of a £790k flexible, agile, scalable, and sustainable technologies (FASST) grant awarded in collaboration with DeepMirror, and a £350k Engineering Biology grant, to further develop the platform, including evaluations by Dr Konstantinos Beis, an independent expert from Imperial College London, and Dr Andrew Quigley from Diamond Light Source.

ExpressionEdits Raises $13M in Seed Funding to Advance Protein Expression Using AI-Driven Intronization Technology

The funding will accelerate candidate selection for preclinical studies and develop a pipeline of protein-based therapeutics. The primary focus for the pipeline will be recombinant proteins that have historically faced production and manufacturing challenges based on current technology notes ExpressionEdits.

By using this website you agree to accept Medical Device News Magazine Privacy Policy