StemRad

Lifesaving Protection against Deadly Radiation

Aerospace, Defense & HLS
Private

Company Overview

Snapshot

Founded in October 2011 by Daniel Levitt and Oren Milstein, PhD, StemRad operates with 11–50 employees. The company has raised $7.81M across four funding rounds from two investors. In December 2023, StemRad secured a $4.5 million contract to provide radiation shielding for US troops.

Business overview

StemRad develops personal radiation-protection solutions designed to safeguard individuals from penetrating ionizing radiation. The company's core technology includes the 360 Gamma, a wearable shield protecting critical radiosensitive organs, and AstroRad, personal protective equipment co-developed with Lockheed Martin for astronauts. StemRad serves a diverse range of markets including first responders, military personnel, utility workers, medical teams, and astronauts, operating within the Aerospace, Defense & HLS, and Security and Safety Technologies sectors.

Strategic signal

StemRad's $4.5 million contract in December 2023 to supply radiation shielding for US troops signals strong market validation and expansion into critical defense applications. This development highlights the company's ability to secure significant government contracts, indicating a growing trust in its proprietary radiation protection technology for high-stakes environments. For investors, this suggests robust commercial traction and potential for further growth within the defense and public safety sectors.

Company Intelligence Q&A

What is StemRad's primary focus?
StemRad focuses on providing personal radiation-protection solutions, utilizing technologies like the 360 Gamma and AstroRad to safeguard individuals from ionizing radiation in various high-risk environments.
When was StemRad founded and by whom?
StemRad was founded in October 2011 by Daniel Levitt and Oren Milstein, PhD.
What significant contract did StemRad secure recently?
In December 2023, StemRad inked a $4.5 million contract to provide radiation shielding for US troops from gamma radiation.
Which of StemRad's products is designed for astronauts?
AstroRad is StemRad's personal protective equipment designed to be worn by astronauts beyond low Earth orbit, co-developed with Lockheed Martin.
What was a notable early investment in StemRad?
In December 2017, Jeff Vinik invested in StemRad, contributing to the company's funding for its radiation protection wear.

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