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Mary Lou Jepsen’s newest $100m enterprise leverages semiconductor physics, gentle, and sound to diagnose and deal with illness at a mobile stage.
Medical expertise firm Openwater has secured $54 million in new funding from a spread of latest and current traders, bringing the whole raised by the corporate to $100 million. The corporate, based by former Google and Meta exec Mary Lou Jepsen, is engaged on a platform that integrates semiconductor physics, gentle, and sound to diagnose and deal with illnesses on the mobile stage.
Openwater’s platform brings collectively high-resolution infrared imaging, precision-tuned ultrasound, and electromagnetic fields, to allow the real-time visualization and therapy of organic circumstances. The corporate claims its strategy allows non-invasive monitoring and focused therapies, providing the flexibility to destroy dangerous cells, whereas leaving wholesome ones intact.
Likened to the best way a selected sound frequency can shatter a wine glass with out affecting surrounding objects, this selective concentrating on has been demonstrated in preclinical and medical research, and was proven to shrink glioblastoma tumors in mice and assist treat severe depression in humans.
By using an attention-grabbing open-source approach and using manufacturing strategies frequent in client electronics, Openwater seeks to considerably cut back the prices and time sometimes related to medical gadget improvement. The corporate believes it will probably convey merchandise to market in beneath three years, a pointy distinction to the common 13-year timeline typically seen within the trade.
“The human physique is an unbelievable machine, however like several machine, it wants the precise instruments for upkeep and restore,” stated mind tumor survivor Jepsen, who beforehand based multi-billion-dollar non-profit One Laptop computer per Baby to enhance training in creating international locations.
“With Openwater, we’re creating these instruments, utilizing the elemental forces of nature – gentle and sound – to diagnose and heal on the mobile stage. Our objective is nothing lower than democratizing superior healthcare, making it accessible to everybody, all over the place.”
New and current traders in Openwater embrace Plum Alley Ventures, Khosla Ventures, BOLD Capital Companions, Esther Dyson, and musician and human rights activist Peter Gabriel, amongst others. In response to a press launch, Gabriel was instrumental within the firm’s creation and even got here up with its identify.
“By leveraging current client electronics provide chains and an open-source mannequin, Openwater is positioned to scale rapidly and cost-effectively,” stated Plum Alley’s Deborah Jackson. “This might dramatically compress the standard timeline for medical innovation, probably saving thousands and thousands of lives and billions of {dollars} in healthcare prices. In a market hungry for inexpensive, accessible healthcare options, Openwater’s platform addresses vital wants.”
Openwater has established collaborations with a number of distinguished establishments, together with UCLA, the College of Arizona, the College of Pennsylvania, and Brown College, to validate its platform throughout a variety of medical fields.
{Photograph}: Angelov1/Envato
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