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SynCardia Systems

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Syncardia makes artificial hearts

Tucson, United StatesFounded 2001Biotech & Life Sciences
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About SynCardia Systems

SynCardia Systems, LLC operates as a key player in the cardiac medical device industry, holding the distinction of manufacturing the world's only commercially approved Total Artificial Heart (TAH). Founded in 2001, the Tucson-based company emerged from the combined expertise of cardiothoracic surgeon Dr. Jack G. Copeland, biomedical engineer Richard G. Smith, and interventional cardiologist Dr. Marvin J. Slepian. Their collective vision was to salvage and advance the artificial heart technology, which traces its lineage back to the Jarvik-7, to address the critical gap between end-stage biventricular heart failure and the limited availability of donor hearts.

The company's business revolves around providing a life-saving solution for patients at risk of imminent death from irreversible biventricular failure. Its primary clients are highly specialized transplant hospitals and heart failure programs. The business model involves the sale of its sophisticated medical devices and the necessary support systems to these certified centers. A significant milestone was the initial FDA approval on October 15, 2004, which designated the TAH as a bridge to transplant for eligible patients. This was followed by approvals for a smaller 50cc version to accommodate more women and adolescents, and for the Freedom® portable driver, which allows clinically stable patients to live at home while awaiting a transplant.

SynCardia's core product is the temporary Total Artificial Heart (TAH-t), a pneumatically driven device that completely replaces the patient's failing native ventricles and four heart valves. It is available in two sizes, 70cc and 50cc, to fit a broader range of patients. The system functions with an external driver; the hospital-based Companion 2 (C2) driver provides pneumatic power from implant through recovery, while the lighter, portable Freedom® driver grants mobility to discharged patients. This ability for patients to leave the hospital significantly improves their quality of life. With a history of over 2,000 implants across more than 25 countries, the SynCardia TAH is the most widely used and studied device of its kind. After a period of Chapter 11 bankruptcy in 2016 and an acquisition by Versa Capital Management, SynCardia was acquired by Picard Medical, Inc. in September 2021, securing resources to pursue further innovation and market expansion.

Source: Dealroom company data

At a glance

Founded
2001
Headquarters
Tucson, United States
Sector
Biotech & Life Sciences

Investors

2 investors on the cap table

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

Series A1 investor entered at this stage

  • SWK Holdings Corporation

Series B and later1 investor entered at this stage

  • Athyrium Capital Management
Team profiled 30 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 7 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

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