Odin Medical Technologies

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 $13 million across one funding round from 6 investors. In August 2006, Odin Medical Technologies was acquired by Medtronic.

Business overview

Odin Medical Technologies specializes in the development, manufacturing, and commercialization of Intraoperative MRI systems. Their core product, the compact, open PoleStar N-10, is a real-time imaging and navigation system designed for neurosurgeons to use in standard operating rooms. This technology provides MRI differentiation capabilities during all stages of brain surgery without restricting surgical team access to the patient. The company operates within the Health Tech & Life Sciences sector, specifically focusing on medical devices, diagnostics devices, and simulation & imaging technologies for healthcare providers.

Strategic signal

In August 2006, Odin Medical Technologies was acquired by Medtronic. This acquisition by a major multinational medical technology company signals a strong validation of Odin's intraoperative MRI technology and its potential to integrate into broader surgical solutions, indicating a successful exit for its investors and founders.

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 significant event for Odin Medical Technologies in August 2006?

In August 2006, Odin Medical Technologies was acquired by Medtronic for $9 million, as reported by Globes. This acquisition led to the company ceasing operations.

What was the total capital raised by Odin Medical Technologies?

Odin Medical Technologies raised a total of $13 million.

Which investors participated in Odin Medical Technologies' funding round in April 2002?

In April 2002, Odin Medical Technologies received funding from Charles River Ventures and Medtronic.