Radiaction

Company Overview

Snapshot

Founded in January 2014 by Amir Belson and Craig Walker, Radiaction has 11–50 employees. The company has raised a total of $47.3 million across 5 funding rounds from 5 investors. In August 2023, Radiaction Medical raised $12.6 million in Series C2 funding.

Business overview

Radiaction Medical is focused on revolutionizing radiation protection for interventional medical teams, particularly in specialties with high exposure rates and health risks. The company has developed Radiaction, a plug-and-play addition to C-arm systems that dynamically blocks over 90% of scatter radiation at the source, providing head-to-toe protection for personnel. Radiaction carries CE marking and FDA clearance and is currently marketed in North America and the European Union, operating within the Health Tech & Life Sciences sector, specifically in Medical Devices.

Strategic signal

In August 2023, Radiaction Medical secured $12.6 million in. This capital infusion, coupled with the election of Christopher Barys to its Board of Directors, suggests a strategic push towards further market penetration and operational expansion, reinforcing the company's position in the medical device industry.

Company Intelligence Q&A

What was Radiaction's most recent funding round?

In August 2023, Radiaction Medical raised $12.6 million in Series C2 funding. InnovaHealth Partners LP participated in this round.

When did Radiaction receive FDA clearance for its radiation protection system?

In April 2022, Radiaction received FDA clearance for its radiation protection system, alongside securing $10 million in funding.

When did Radiaction open its first EU Radiation Protection Center of Excellence?

In February 2022, Radiaction opened its first EU Radiation Protection Center of Excellence in collaboration with Mazowiecki Hospital in Ostrołęka, Poland.

What strategic partnership did Radiaction form in 2023?

In May 2023, Cassling partnered with Radiaction Medical to help protect interventional teams from scatter radiation, expanding the reach of Radiaction's technology.

When did InnovaHealth Partners invest in Radiaction?

In January 2020, InnovaHealth Partners invested in Radiaction, recognizing the company as a technology leader in robotic radiation protection.