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HEALTHCARE | Medical Devices & Equipment / Imaging & Diagnostic Equipment
innitius.com

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Founded Year

2017

Stage

Seed - IV | Alive

Total Raised

$2.65M

Last Raised

$1.1M | 1 yr ago

About Innitius

Innitus is a technology-based company born from the University of Granada and Andalusian Public Health System, that focuses on the development of ultrasound waves technologies.

Innitius Headquarter Location

Astondo Bidea, 612 Parque Tecnológico de Bizkaia

Derio, 48160,

Spain

(+34) 664 000 896

Latest Innitius News

Innitius raises €1.3 million to further advance its Fine Birth algorithm

Jan 13, 2021

The Spanish company Innitius specialized in the development of in vivo diagnostic technologies, will use the funds to improve Fine Birth’s quality system and carry out a clinical trial. Fine Birth is the first device developed by Innitius and allows the detection of false signs of preterm labor. The company plans to open another round of financing within a year of four or five million euros. 0 Innitius has just closed a financing round. The startup, specialized in the development of in vivo diagnostic technologies based on the use of torsional ultrasounds, has closed a financing round of $1.9 million (€900,000). The company has also committed an Enisa of $486,000 (€400,000). The company, based in Bilbao, has received $600,000 (€500,000) from Banco Santander through the Botin Foundation’s Mind the Gap program, whose aim is to encourage biotechnology entrepreneurship to enable technologies with commercial potential to reach the market . The co-founder and CEO of Innitius, Rubén Molina, says that they have also received “financing from national and international investors,” although they have not transcended their names. Read more about Innitius and find other important business news with our companion app Born2Invest. Innitius will use the funds to further develop its Fine Birth algorithm The startup will use the funds to improve the quality system and carry out a clinical trial to perfect the Fine Birth algorithm. This is the first device developed by Innitius and allows the detection of false indications of premature birth through an intravaginal probe that transmits torsional waves. Fine Birth is the first device developed by Innitius and allows the detection of false signs of preterm labor. The clinical objective of Fine Birth is to differentiate between a case of false preterm labor and a case of true preterm labor at the point of patient care with a portable and independent technology. Molina assures that “85% of pregnant women admitted are diagnosed with false threats of preterm labor” and each admission costs the health system $25,500 (€21,000). Innitius is in contact with various health centers to carry out clinical trials. Among them are the Biocruces Bizkaia Health Research Institute, the University Hospital of Torrejón, the Virgen de la Arrixaca University Clinical Hospital of Murcia and the San Cecilio University Hospital of Granada. The company plans to open another round of financing within a year of four or five million euros. The startup will use this financing to carry out the regulatory clinical trial in order to obtain approval from the United States Drug Agency (FDA) and the European Union’s CE marking. Innitius plans to open a financing round of up to five million euros in one year. Innitius is a spin off from the University of Granada, although the founders decided to move the company to the Basque Country at the end of 2019. Molina holds a degree in Construction Engineering and a Masters in Civil Engineering from the University of Granada. The other co-founders of the company are Guillermo Rus, Miguel Ángel Carvajal and Rafael Muñoz. Six people currently work in the company. Some of them are Carlos Álvarez-Iglesias, operations director, and Alberto García, research and development manager. In addition, the start-up has a consultant in the United States, Todd Snowden, who is in charge of business development. __ DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information. This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures . First published in PlantaDoce , a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail. Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

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Expert Collections containing Innitius

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Innitius is included in 3 Expert Collections, including Women's Health & Wellness.

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