MEDO

Edmonton, Canada Founded: 2017 • Age: 9 yrs Acquired By Exo
AI-augmented 3D ultrasound devices are developed for point-of-care diagnostics.

About MEDO

MEDO is a company based in Edmonton (Canada) founded in 2017 by Jeevesh Kapur, Dornoosh Zonoobi, and Jacob Jaremko was acquired by Exo in July 2022.. The company has 22 employees as of December 31, 2024. MEDO operates in a competitive market with competitors including Butterfly Network, Exo, SonoSite, Zonare Medical Systems and TechsoMed, among others.

  • Headquarter Edmonton, Canada
  • Employees 22 as on 31 Dec, 2024
  • Founders Jeevesh Kapur, Dornoosh Zonoobi, Jacob Jaremko
  • Sectors
    Healthcare
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Ndr Medical Technology Private Limited
Operational Areas
Healthcare → Medical Devices & Diagnostics
Key Metrics
  • Annual Revenue
    $189.23 K (USD)
    349
    as on Dec 31, 2018
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    22

    as on Dec 31, 2024

  • Acquired by
    Exo

    (Jul 26, 2022)

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People of MEDO
Headcount 10-50
Employee Profiles 21
Employee Profiles
People
Kutay Ustuner
Vp, Imaging Systems
People
Yusuf Haque
Co-founder, Chief Technology Officer, EVP Engineering
People
Lori Munoz
Chief Financial Officer
People
Jimmy Cheng
Vp, Manufacturing

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Funding Insights of MEDO

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in MEDO

MEDO has secured backing from 1 investor. Prominent investors backing the company include Exo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Ultrasound images are analyzed via AI-based software provided by Exo.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by MEDO

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - MEDO

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Medo Comparisons

Employees
+
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Competitors of MEDO

MEDO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Butterfly Network, Exo, SonoSite, Zonare Medical Systems and TechsoMed, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Handheld ultrasound devices are developed for whole-body medical imaging.
domain founded_year HQ Location
Ultrasound images are analyzed via AI-based software provided by Exo.
domain founded_year HQ Location
Hand-carried ultrasound systems for medical specialties are developed and distributed.
domain founded_year HQ Location
Portable ultrasound systems are developed and provided for medical use.
domain founded_year HQ Location
Ultrasound-based monitoring systems for thermal ablation procedures are developed.
domain founded_year HQ Location
UV-C disinfection systems for ultrasound probes are provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Medo

Frequently Asked Questions about MEDO

When was MEDO founded?

MEDO was founded in 2017.

Where is MEDO located?

MEDO is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.

Who is the current CEO of MEDO?

Dornoosh Zonoobi is the current CEO of MEDO. They have also founded this company.

How many employees does MEDO have?

As of Dec 31, 2024, the latest employee count at MEDO is 22.

What is the annual revenue of MEDO?

Annual revenue of MEDO is $189.23K as on Dec 31, 2018.

What does MEDO do?

MEDO was founded in 2017 in Edmonton, Canada, within the health technology sector. Cloud-based 3D ultrasound devices augmented by AI are developed for diagnosing critical conditions at the point of care. Operations focus on integrating AI, cloud computing, and 3D imaging technologies to support diagnostics. Sponsors including SGInnovate, Elev8.vc, Amii, and Wavemaker have backed the company. Co-founders consist of Jeevesh Kapur, Dornoosh Zonoobi as CEO, and Jacob Jaremko as CTO.

Who are the top competitors of MEDO?

MEDO's top competitors include Butterfly Network, Exo and TechsoMed.

Who are MEDO's investors?

MEDO has 1 investor. Key investors include Exo.

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