Multiwave Technologies

About Multiwave Technologies

Multiwave Technologies AG, founded in 2015 in Switzerland by brothers Tryfon and Panos Antonakakis, specializes in developing innovative metamaterial-based medical imaging solutions. Initially a metamaterial design software startup, Multiwave has evolved to focus on creating portable MRI devices that are significantly more affordable and accessible than conventional MRI scanners. The company's MRI devices require no cooling or special infrastructure, can fit inside a small office, and consume less power than a light bulb, making them ideal for global deployment post-regulatory approval. Multiwave operates in the medical imaging market, serving healthcare providers and research institutions. The business model is subscription-based, ensuring a steady revenue stream while facilitating widespread adoption. In 2023, Multiwave entered a non-exclusive collaboration with a leading MRI original equipment manufacturer to explore novel clinical applications for their device. The company has also partnered with prestigious institutions like Imperial College London, Institut Fresnel, and Leiden University Medical Center to advance their technology. Multiwave's innovations have been recognized by the European Commission, and the company has captured a significant share of the 7 Tesla MRI market with its CE-marked dielectric pad.