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Seno Medical

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Commercialization efforts in opto-acoustic imaging of breast cancer

San Antonio, United StatesFounded 2005Biotech & Life Sciences
Valuation $100–250M Last recorded · 2014
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Seno Medical and the history behind them.

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 data

At 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

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Feb 2014 $39M $156M MedCare Investment Funds —
EARLY VCOther financing Mar 2012 $7.4M $30M Undisclosed —
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Seno Medical website traffic

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.

Latest monthly visits4.8K 3-month web change-4% 1-year team growth+2.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • MedCare Investment Funds
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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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