Odin Medical Technologies
MRI Systems for Brain Surgery
Company Overview
Snapshot
Founded in January 1996 by Shmuel Pereg, Meir Matana, Amit Goffer, Yuval Zuk, and Ehud Katznelson, Odin Medical Technologies operated with 1–10 employees. The company raised a total of $13 million across one funding round from 6 investors. A significant milestone for the company was its acquisition by Medtronic in August 2006.
Business overview
Odin Medical Technologies specializes in developing, manufacturing, and commercializing Intraoperative MRI systems specifically designed for neurosurgical applications within standard operating rooms. Its core product, the compact, open PoleStar N-10, is a real-time imaging and navigation system utilized throughout all stages of brain surgery. This technology provides neurosurgeons with MRI's differentiation capabilities without restricting the surgical team's access to the patient, serving the healthcare and medical devices sectors.
Strategic signal
In August 2006, Odin Medical Technologies was acquired by Medtronic for $9 million. This acquisition by a major multinational medical technology company validated Odin's innovative intraoperative MRI technology and signaled a strategic move by Medtronic to integrate advanced real-time imaging and navigation systems into its neurosurgical offerings, enhancing its market position in medical devices.
Company Intelligence Q&A
- When was Odin Medical Technologies founded?
- Odin Medical Technologies was founded in January 1996.
- Who were the founders of Odin Medical Technologies?
- The company was founded by Shmuel Pereg, Meir Matana, Amit Goffer, Yuval Zuk, and Ehud Katznelson.
- What was a key financial event for Odin Medical Technologies?
- In August 2006, Odin Medical Technologies was acquired by Medtronic for $9 million, after raising $13 million in total funding.
- Who were the lead investors in Odin Medical Technologies' funding round?
- In April 2002, Odin Medical Technologies received funding from lead investors.
- What is the primary focus of Odin Medical Technologies' products?
- Odin Medical Technologies develops, manufactures, and commercializes Intraoperative MRI systems, such as the PoleStar N-10, designed for real-time imaging and navigation during brain surgery.