BioNanovations is developing a real-time bacterial diagnostic platform to decrease the diagnostic time of Staph infections.
Business Model:
Revenue: $10M
Employees: 2-10
Address:
City: Memphis
State: Tennessee
Zip:
Country: United States
Currently, it takes 3-5 days to diagnose Staph. infections however, some strains are aggressively virulent which can lead to a patient&s;s limb amputation or death in under 48 hours. Further, the spread of these aggressive strains cannot be geophysically monitored to track epidemiological trends (bioinformatics). To solve these problems, BioNanovations is currently developing a handheld, integrated real-time diagnostic platform which decreases the diagnostic time of Staph. infections from 3-5 days to under 30 minutes. By enabling real-time bacterial diagnostics, our platform enables immediate transmission of diagnostic metadata thus creating a new market for real-time bioinformatics. As our customers, healthcare professionals, hospitals and government agencies will benefit by restoring temporal diagnostic efficiency, providing access to real-time epidemiological trends and, most importantly, reduce patient morbidity and mortality.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 8/2012 | Seed Round | 3 | $100k |
Innova Memphis MB Venture Partners ZeroTo510 Innova Memphis MB Venture Partners ZeroTo510 |
9/2013 | Seed Round | 2 | $40k |
Innova Memphis MB Venture Partners Innova Memphis MB Venture Partners |
5/2012 | Seed Round | 1 | $25k |
Innova Memphis Innova Memphis |
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