{"id":35241,"date":"2024-06-25T12:54:11","date_gmt":"2024-06-25T12:54:11","guid":{"rendered":"https:\/\/gateway.ventures\/startupsnew\/mediaire\/"},"modified":"2024-06-29T11:25:55","modified_gmt":"2024-06-29T11:25:55","slug":"mediaire","status":"publish","type":"startupsnew","link":"https:\/\/gateway.ventures\/en\/startupsnew\/mediaire\/","title":{"rendered":"mediaire"},"author":16,"featured_media":35228,"template":"","meta":[],"startup_status":[77,36],"class_list":["post-35241","startupsnew","type-startupsnew","status-publish","has-post-thumbnail","hentry","startup_status-splittest-b","startup_status-funded-en"],"acf":{"logo":35259,"show_stage":["Yes"],"stage":"Series-A","show_niche":["Yes"],"niche":"MedTech","closing_month_year":"July 2024","female_founder":[],"location":"Berlin, GER","website":"https:\/\/mediaire.ai\/","demo_video_url":"https:\/\/www.youtube.com\/watch?v=3o77bpXm2Us","meet-up_lp_link":"https:\/\/gateway.ventures\/events\/mediaire\/","calendly_code":"https:\/\/calendly.com\/gatewayventures\/mediaire-gateway-ventures-meetup","calendly_code_Kopie":"","oneline_description":"Revolutionizing Radiology with Deep Learning","description":"","problem":"Today radiologists are facing a dilemma: A <strong>skyrocketing number of medical images<\/strong> (CT and MR) but <strong>lack of sufficient radiologists\/time<\/strong> to cope with this demand.\r\n\r\nThis triggers a chain of negative consequences \u2013 for everyone:\r\n<ul>\r\n \t<li><strong>Increased time pressure avg. 3 seconds per image available.<\/strong><\/li>\r\n \t<li>Decreasing pay - avg. pay per picture decreased by 5% p.a.<\/li>\r\n \t<li>Higher burn-out rate - increasing pressure leads to physical and psychological stress.<\/li>\r\n \t<li><strong>Worse patient care while technology improves, errors still happen 30% of the time.<\/strong><\/li>\r\n<\/ul>\r\n<!-- notionvc: 7b95b803-461a-4c55-84ad-e788aa802e34 -->","solution":"mediaire\u2019s software (mdbrain, mdprostate) applies <strong>deep learning (AI)<\/strong> for highly efficient analyses of MR images (MRI) to support patients\u2019 diagnosis, <strong>drastically improving the radiology workflow<\/strong> while reducing overall healthcare costs.\r\n\r\nWith their current product palette (mdbrain, mdprostate) mediaire can already cover about 9% of typical MRI Scans. With the additional products planned they will be able to increase this to 24% of all examinations.\r\n\r\nThe high quality of the mediaire software has already been confirmed by numerous customers and in 10+ publications in scientific journals.\r\n\r\n<!-- notionvc: 5c3c4670-03ee-4c89-8fc2-13b8683fdcbb -->","market":"Estimated Market Size for MRI radiology market is <span class=\"notion-enable-hover\" data-token-index=\"1\">EUR 44 billion<\/span> in DACH, Italy, France and US alone. With its AI solutions in this space,<span class=\"notion-enable-hover\" data-token-index=\"5\"> there is a EUR 3 billion yearly <\/span>market opportunity for mediaire with a potential to increase this to <span class=\"notion-enable-hover\" data-token-index=\"7\">5 billion <\/span>worldwide.<!-- notionvc: ca356fae-1adc-4236-9a04-8d229c95fe96 -->","usp":"The mediaire products like mdbrain, mdprostate and the planned Products mdknee and mdbrain+, are:\r\n<ul>\r\n \t<li><strong>Certified as a medical product.<\/strong><\/li>\r\n \t<li><strong>Simple:<\/strong> Seamless on-premise integration into local radiology systems.<\/li>\r\n \t<li><strong>Fast:<\/strong> Reports are available within a few minutes, compared to >20min for current alternatives.<\/li>\r\n \t<li><strong>Safe:<\/strong> Patient data NEVER leaves the clinic system leading to the best possible data protection.<\/li>\r\n \t<li><strong>Automation:<\/strong> Zero-Click ****solution whereas competitor do not have the full automation in place leading to higher efficiency of the radiologists<\/li>\r\n \t<li><strong>Universal:<\/strong> mediaires products are platform-independent in contrast to solutions from MRI-equipment manufacturers.<\/li>\r\n \t<li><strong>Rewarding:<\/strong> mdbrain reduces time-to-diagnostic by at least a 3x factor, improves quality of reports, reduces misdiagnoses and optimises resources usage (triage).<\/li>\r\n<\/ul>\r\n<!-- notionvc: 949d2448-9bcd-4d4d-9bde-61fef10a4251 -->","business_model":"<strong>SaaS:<\/strong> Upfront installation fee and monthly fee.\r\n\r\n<strong>Volume-based pricing<\/strong> starts at EUR 10 \/ report, decreasing EUR 1 \/ report.\r\n\r\nmediaire's customers are radiology clinics and hospitals equipped with modern MRI technology.\r\n\r\n<!-- notionvc: 58617742-e39c-43ed-9f57-613a5a8498f3 -->","traction":"Strong product-market fit and customer demand are proven by a negative net churn rate. This means that more turnover is earned with existing customers than is lost through churn.\r\n\r\nThe successful rollout of two body parts: Brain & Prostate - Knee is coming soon.\r\n\r\nMonthly Revenue (MRR) tripled from Q1 2023 - Q1 2024\r\n\r\nSuccessful entry in new markets such as Spain, Italy and Romania with big partners like Roche, Bayer etc.\r\n\r\n<!-- notionvc: 02700dd7-6e1c-455a-be65-abb69f279a4e -->","exit_potential":"<ul>\r\n \t<li>MR-Scanner manufacturers like Siemens (market cap: EUR 60 billion), Philips (market cap: EUR 22 billion) or GE Healthcare (market cap: EUR 36 billion).<\/li>\r\n \t<li>Manufacturers of the core diagnosis software for radiologic practices like PACS or RIS.<\/li>\r\n \t<li>Big IT companies entering the healthcare area like Google (market cap: 2 trillion) or IBM (market cap: 158 billion).<\/li>\r\n<\/ul>\r\n<!-- notionvc: b2216bad-62c9-48cd-8f2a-ad2645fd077c -->","nrofcoinvestors":2,"tm_1_name":"Dr. Andreas Lemke","tm_2_name":"Dr. J\u00f6rg D\u00f6pfert","tm_3_name":"Guido Gleinser","tm_4_name":"Christian Stollberg","tm_1_position":"CEO + Founder","tm_2_position":"CTO + Founder","tm_3_position":"CCO","tm_4_position":"CFO + COO","image_-_team_member_1":35240,"image_-_team_member_2":35236,"image_-_team_member_3":35238,"image_-_team_member_4":35234,"deal_link":"https:\/\/gateway.ventures\/d\/en\/investment-opportunities\/mediaire","founder_group_image":null,"why_we_invested_in_this_startup":"","dealcaptain_opinion":"<ul>\r\n \t<li>Traction: Monthly recurring revenue (MRR) tripled since Q1 2023.<\/li>\r\n \t<li>Agnostic Solution: mediaire is the only solution that seamlessly integrates into the systems currently used in clinics.<\/li>\r\n \t<li>Coverage Inflection: At the end of the year, mediaire will be able to cover 24% of all MRIs made with their solutions<\/li>\r\n \t<li>Product-Market Fit: 50+ Radiologists are not only customers, but have also invested into mediaire.<\/li>\r\n \t<li>Upselling through platform: In the future, mediaire can be used as a platform to offer even external AI-driven solutions to the same customers.<\/li>\r\n \t<li>Strong Lead Investor: One of the top digital health investors in Europe leads the round.<\/li>\r\n<\/ul>\r\n<!-- notionvc: 438471f7-c6df-4b57-8210-12da585e8b04 -->","stoop":"Yes","pb":"No","investment_terms":"<ul>\r\n \t<li>Gateway Ventures Equity up to EUR 1,000,000.00<\/li>\r\n \t<li>Pre-Money: EUR 17.2 million<\/li>\r\n \t<li>Closing: July 2024<\/li>\r\n \t<li>Total round up to EUR 7.5 million<\/li>\r\n \t<li>min. Ticket \/ investor: EUR 10,000<\/li>\r\n<\/ul>\r\n<!-- notionvc: 8fe0a63f-ed32-4e81-90dd-b9ce916e29c8 -->","traction_image":null,"hide_socials":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>mediaire - Gateway Ventures<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gateway.ventures\/en\/startupsnew\/mediaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"mediaire - Gateway Ventures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gateway.ventures\/en\/startupsnew\/mediaire\/\" \/>\n<meta property=\"og:site_name\" content=\"Gateway Ventures\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-29T11:25:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gateway.ventures\/wp-content\/uploads\/2024\/06\/Landing-Page.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gateway.ventures\/en\/startupsnew\/mediaire\/\",\"url\":\"https:\/\/gateway.ventures\/en\/startupsnew\/mediaire\/\",\"name\":\"mediaire - 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