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QT Imaging

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Radiation-free, 3D quantitative transmission ultrasound breast imaging

Novato, United StatesFounded 2011Biotech & Life Sciences
Valuation $32M Market cap · 2026
Revenue $39M Latest reported FY

About QT Imaging

QT Imaging Holdings, Inc. is a publicly-traded medical device company specializing in advanced body imaging systems that use low-frequency sound waves. The company was founded in 2011 by Dr. John C. Klock, who has served as the Chief Executive Officer since 2014. Dr. Klock has a background in founding multiple medical companies, including co-founding BioMarin Pharmaceutical.

The company's core product is the Breast Acoustic CT™ System (also known as QTscan®), an automated breast imaging system that provides 3D images without the use of compression or ionizing radiation. This technology is designed to offer a comfortable and safe patient experience, particularly for women with dense breasts or implants, where traditional mammography can be less effective. The system utilizes both transmission and reflection ultrasound to generate high-resolution, quantitative images that can characterize tissue based on the speed of sound. The company's business model involves the sale of these scanner systems to healthcare providers, such as hospitals and clinics. For the first quarter of 2025, QT Imaging reported shipping six scanners, generating $2.8 million in revenue.

QT Imaging has achieved significant milestones, including receiving over $15 million in grants from the National Institutes of Health (NIH) to support the technology's development. The U.S. Food and Drug Administration (FDA) has granted 510(k) clearance for the QTscan® to be used as an adjunct to mammography. In 2022, the FDA also provided clearance for the device to calculate the fibroglandular volume (FGV) of the breast, which aids in assessing breast cancer risk and treatment efficacy. The company is also developing an AI-enabled diagnostic platform to help radiologists differentiate between benign and malignant findings, with the goal of reducing false positives.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2011
Headquarters
Novato, United States
Listing
Public via SPAC 2022
Employees
31
Open positions
2
Dealroom signal
88.8/100
Industry
Health
Sub-industry
BioTechnology, Medical Devices, Health Platform
Sector
Biotech & Life Sciences, Biotechnology, Non-Invasive medical devices and treatments, SPAC Target
Technology
Artificial Intelligence, Big Data, Deep Tech, Computer Vision
Business model
Manufacturing, SaaS
Client focus
b2b
Links
Website

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITY✓Other financing May 2026 $10M — Undisclosed ↗
POST IPO EQUITY✓Other financing Jan 2026 $155K — Undisclosed ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMarginR&D
2026 $39M +107.1% −$13M -33.3% −$21M -53.8% $3.9M
2025 $19M +287.9% −$13M -69% −$21M -111.4% $3.9M
2024 $4.9M +11989.4% −$13M -256.4% −$9M -184.2% $3.3M
2023 $40K -94.3% −$3.4M -8390% $1.5M
2022 $708K +94% −$5.1M -725%
2021 $365K — −$6.1M -1668.7%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

QT Imaging website traffic

Latest recorded traffic for QT Imaging is 9K monthly website visits, down 18.2% over the last three months. QT Imaging's team grew 0% over the past year.

Latest monthly visits9K 3-month web change-18.2% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

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

Investors

7 investors on the cap table

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

Seed1 investor entered at this stage

  • National Cancer Institute (NCI)

Series B and later3 investors entered at this stage

  • GigCapital5
  • Lynrock Lake
  • Avi Katz

Other known investors3 additional known investors

  • sio capital management
  • David Prichard
  • Nvidia Inception
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 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
🇺🇸 United States · Novato HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about QT Imaging 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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