Medic Vision Brain Technologies Ltd., a Haifa, Israel-based developer of a technology reducing the harmful ionizing radiation caused by CT scans, completed a $1m financing round.
The round was led by 7 Health Ventures with participation from private investors.
According to the company, its technology will enable the medical community to continue to benefit from the advantages of CT images while dramatically reducing the associated risks from harmful radiation. Medic Vision’s SafeCT technology is expected to reduce the radiation in CT scans by as much as 80%, while maintaining the image resolution and diagnostics quality.
The technology is currently being evaluated at the Ramabam medical center in Haifa, Israel, and the capital infusion will allow the company to obtain FDA and CE regulatory clearance for the SafeCT system.
In conjunction with the funding, Amir Zaidman, a principal at 7 Health Ventures, will join the company’s board of directors.
Founded in 2006, Medic Vision is a graduate of the Technion Institute incubator (Technion Seed). It is currently managed by its founders Ezer Bar-Aviv (CEO), Eliran Dahan (COO) and Zvi Dvir (CTO), and has 6 employees.