S
Seno Medical
Commercialization efforts in opto-acoustic imaging of breast cancer
About Seno Medical
Seno Medical Instruments, Inc., established in 2005, is a medical imaging company headquartered in San Antonio, Texas, focused on the early and accurate detection of breast cancer. The company was founded based on technology developed at the University of Texas Health Science Center by Dr. Thomas E. Milner, who serves as the Chief Technology Officer. Dr. Milner, a biomedical engineering professor, brings extensive expertise in optics and imaging, which has been foundational to the company's technological advancements. The company's leadership team includes President and CEO Tom Umbel, who brings a wealth of experience from his previous roles at other major medical technology firms.
Seno Medical operates within the diagnostic imaging market, specifically targeting breast cancer diagnostics. Its core offering is the Imagio® Breast Imaging System, a device that integrates opto-acoustic (OA) and ultrasound (US) technologies. This dual-modality approach provides both anatomical images from the ultrasound and functional blood analysis through the use of laser optics. The opto-acoustic component visualizes hemoglobin concentration and oxygenation, which helps in differentiating benign from malignant breast lesions by identifying abnormal blood vessel growth, or angiogenesis, a key indicator of cancer. This provides radiologists with real-time functional data that is not available through traditional imaging methods like mammography or ultrasound alone.
The business model centers on the sale of the Imagio® system to hospitals and diagnostic imaging centers. The primary benefit for these clients is the potential to reduce the rate of false-positive biopsy recommendations, thereby lowering healthcare costs and decreasing patient anxiety associated with invasive procedures. The Imagio® system is designed to be a supplemental diagnostic tool, used to further characterize breast masses that have been identified by other imaging methods. The system received its initial CE Mark for sale in Europe in 2014 and gained FDA approval for the US market in 2021. Following its FDA clearance, Seno Medical has been actively commercializing the Imagio® system across the United States, establishing it as a new standard in breast cancer diagnosis.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2005
- Headquarters
- San Antonio, United States
- Employees
- 42
- Open positions
- None listed
- Dealroom signal
- 72.1/100
- Industry
- Health
- Sub-industry
- BioTechnology, Medical Devices
- Sector
- Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Feb 2014 | $39M | $156M | MedCare Investment Funds | — |
| EARLY VCOther financing | Mar 2012 | $7.4M | $30M | Undisclosed | — |
Growth signals
Latest recorded traffic for Seno Medical is 4.8K monthly website visits, down 4% over the last three months. Seno Medical's team grew 2.4% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
- MFMedCare Investment Funds
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Seno Medical on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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