U
Ultromics
Biotech & Life Sciences · Oxford, United Kingdom · Founded 2017
AI-powered echocardiogram analysis for heart failure detection. MoreLess
Ultromics is a health technology company that provides artificial intelligence (AI)-driven solutions for cardiovascular disease diagnostics. It was founded in 2017 as a spin-out from the University of Oxford by Ross Upton and Professor Paul Leeson. The company's creation stemmed from Upton's PhD research in cardiovascular medicine, where, as a trained sonographer, he identified the subjective and time-consuming nature of echocardiography as a major bottleneck in heart disease detection.
The core of Ultromics' offering is the EchoGo® platform, a cloud-based, software-as-a-service (SaaS) system that uses AI to analyze routine cardiac ultrasound (echocardiogram) images. This platform is designed to integrate seamlessly with existing hospital IT infrastructure, such as PACS, without requiring new hardware installations. The business model is subscription-based, allowing healthcare providers to pay for the service based on the number of analyses performed. Ultromics serves clients ranging from small practices to large hospital systems and collaborates with pharmaceutical companies, research institutions, and government bodies.
The EchoGo® platform hosts several FDA-cleared medical devices. EchoGo® Heart Failure received FDA clearance in December 2022 and is designed to aid in the detection of Heart Failure with preserved Ejection Fraction (HFpEF), a condition that is often difficult to diagnose. The tool analyzes a single echocardiogram view to identify patterns indicative of HFpEF, providing clinicians with structured reports to support their diagnostic decisions. In November 2024, the company gained FDA clearance for EchoGo® Amyloidosis, a screening tool developed in partnership with Johnson & Johnson Innovative Medicine and Pfizer to facilitate the early detection of cardiac amyloidosis from a single echocardiogram clip. Another product, EchoGo Core, automates the calculation of key cardiac measurements like Ejection Fraction (EF) and Global Longitudinal Strain (GLS).
Since its inception, Ultromics has secured significant funding, including a $33 million Series B round in 2021 and a $55 million Series C round in 2025, with investors such as the Blue Venture Fund, Optum Ventures, GV (formerly Google Ventures), and major US health systems. The company has established numerous strategic partnerships, including with the Mayo Clinic for research, the UK's National Health Service (NHS), Johnson & Johnson, Pfizer, and the Foundation for the National Institutes of Health (FNIH).
Keywords: Ultromics, EchoGo, artificial intelligence, medical imaging, echocardiography, heart failure detection, cardiac diagnostics, HFpEF, cardiac amyloidosis, cardiovascular medicine, cloud-based SaaS, medical device, FDA clearance, Ross Upton, University of Oxford, machine learning, predictive analytics, Global Longitudinal Strain, Ejection Fraction, PACS integration, health technology, digital health, cardiology AI, diagnostic software
Company overview
Ultromics company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Oxford, United Kingdom
- Employees
- 85
- Open positions
- 1
- Dealroom signal
- 91.6
Valuation & funding
Ultromics funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANTOther financing | Dec 2025 | $0 | — | American Heart Association | ↗ |
| SERIES COther financing | Aug 2025 | $55M | $220M | GV · UPMC Enterprises · Blue Venture Fund · Oxford Science Enterprises | ↗ |
| SERIES BOther financing | Aug 2021 | $33M | $132M | Optum Ventures · Blue Venture Fund · Oxford Science Enterprises | — |
| GRANTOther financing | Sep 2020 | $0 | — | Government of the United Kingdom · UK National Institute for Health Research | — |
| SERIES AOther financing | Jun 2020 | $11M | $42M | Mayo Clinic · RT Ventures · Oxford Science Enterprises · Nina Capital | — |
| FundingOther financing | Nov 2019 | Future Planet Capital | — | ||
| GRANTOther financing | Jan 2019 | Undisclosed | — | ||
| SERIES AOther financing | May 2018 | Neptune Ventures · Fushia · Dieter Spälti · Oxford Science Enterprises | ↗ | ||
| SEEDOther financing | May 2017 | Oxford Science Enterprises | — | ||
| SPINOUTOther financing | Mar 2017 | Oxford University Innovation · University of Oxford | — |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $2M | 0% | −$17M | -832.6% |
| 2025 | $2M | 0% | −$17M | -832.6% |
| 2024 | $2M | +13% | −$17M | -832.6% |
| 2023 | $1.8M | +47% | −$17M | -941% |
| 2022 | $1.2M | +54.6% | −$17M | -1383.4% |
| 2021 | $785K | — | −$14M | -1748.5% |
| 2020 | — | — | −$918K | — |
Growth signals
Ultromics website traffic
Latest recorded traffic for Ultromics is 19K monthly website visits, up 35.7% over the last three months. Ultromics's team grew 19.7% over the past year.
Hiring
Open positions at Ultromics
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Comparisons
Ultromics compared with similar companies
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Talent graph
Ultromics's talent
Source: Dealroom Talent Intelligence.
Investors
24 investors on Ultromics's cap table
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Global footprint
Where Ultromics has talent and traffic
team presence
In the news
Latest news about Ultromics
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Market sentiment
What the market is saying about Ultromics
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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