About Thermedical
Thermedical is a company based in Waltham (United States) founded in 1995.. Thermedical has raised $29.65 million across 16 funding rounds from investors including NIH, HHS and National Cancer Institute. Thermedical offers products and services including Thermedical Ablation System. Thermedical operates in a competitive market with competitors including Monteris, Neo, TechsoMed, Symmetry Surgical and Misonix, among others.
- Headquarter Waltham, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Thermedical, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.65 M (USD)
in 16 rounds
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Latest Funding Round
$2.55 M (USD), Grant
Sep 12, 2023
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Investors
NIH
& 5 more
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Employee Count
Employee Count
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Products & Services of Thermedical
Thermedical offers a comprehensive portfolio of products and services, including Thermedical Ablation System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Uses SERF energy to ablate soft tissue for medical procedures
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Software Development Team
2 people
Board Team
1 people
Leadership Team
1 people
Chairman Team
1 people
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Funding Insights of Thermedical
Thermedical has successfully raised a total of $29.65M across 16 strategic funding rounds. The most recent funding activity was a Grant round of $2.55 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Grant — $2.6M
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First Round
First Round
(01 Sep 1996)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Grant - Thermedical | Valuation |
investors |
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| May, 2020 | Amount | Series A - Thermedical | Valuation |
investors |
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| Nov, 2018 | Amount | Series A - Thermedical | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thermedical
Thermedical has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include NIH, HHS and National Cancer Institute. 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.
| Investor | Description | Founded Year | Domain | Location |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Drug discovery services are provided to the biopharma sector.
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Founded Year | Domain | Location | |
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Cancer research is conducted and supported by the institute.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thermedical
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Thermedical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thermedical Comparisons
Competitors of Thermedical
Thermedical 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 Monteris, Neo, TechsoMed, Symmetry Surgical and Misonix, 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 |
MRI-guided laser ablation tools for neurosurgery are developed.
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| domain | founded_year | HQ Location |
Blockchain infrastructure is utilized for developing decentralized applications.
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| domain | founded_year | HQ Location |
Ultrasound-based monitoring systems for thermal ablation procedures are developed.
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| domain | founded_year | HQ Location |
Surgical instruments, sterilization solutions and electrosurgical products
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| domain | founded_year | HQ Location |
Ultrasonic surgical devices for neurosurgical, spinal, advanced wound care and general surgery
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| domain | founded_year | HQ Location |
Surgical products for soft tissue cutting
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thermedical
Frequently Asked Questions about Thermedical
When was Thermedical founded?
Thermedical was founded in 1995 and raised its 1st funding round 1 year after it was founded.
Where is Thermedical located?
Thermedical is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Is Thermedical a funded company?
Thermedical is a funded company, having raised a total of $29.65M across 16 funding rounds to date. The company's 1st funding round was a Series A of $1.5M, raised on Sep 01, 1996.
What does Thermedical do?
Thermedical was founded in 1995 and is based in Waltham, United States. The company operates in the medical device sector, where thermal ablation therapy for ventricular tachycardia and soft tissue conditions is developed. The Thermedical Ablation System is utilized to deliver radiofrequency energy alongside heated saline to targeted body locations, enabling local thermal coagulation and ablation of soft tissue. Initial focus is placed on ventricular tachycardia treatment.
Who are the top competitors of Thermedical?
What products or services does Thermedical offer?
Thermedical offers Thermedical Ablation System.
Who are Thermedical's investors?
Thermedical has 6 investors. Key investors include NIH, HHS, National Cancer Institute, Samuel H. Maslak, and Sc.D.