U
Uptake Medical
Innovative technologies for the treatment of lung diseases
About Uptake Medical
Uptake Medical, founded in 2005 by Robert Scribner, focused on developing treatments for lung diseases. The company's core offering was the InterVapor® platform, a bronchoscopic thermal vapor ablation system designed for targeted lung volume reduction in patients with severe emphysema. This procedure involved delivering heated water vapor to a specific segment of the lung, inducing a natural healing response that led to volume reduction, thereby improving respiratory mechanics for the patient. This method distinguished itself by not requiring permanent implants. The primary clients for this technology were interventional pulmonologists and thoracic surgeons in hospitals and specialized clinics. Uptake Medical operated within the medical device market, specifically targeting the pulmonology and respiratory care sectors. Its business model centered on the sale of the InterVapor generator and the associated single-use catheters to medical facilities. In 2016, the company was acquired by Broncus Medical, a firm also developing diagnostic and therapeutic technologies for lung conditions. This acquisition integrated Uptake Medical's InterVapor technology into Broncus's broader portfolio, which includes systems for navigating to peripheral lung nodules.
The company's founder, Robert Scribner, brought significant experience from the medical device industry to the venture. Prior to establishing Uptake Medical, he held the position of President and CEO at BEI Medical, a company specializing in gynecological and urological devices that was later acquired by Boston Scientific. His career also includes executive roles at Scimed Life Systems, which also became part of Boston Scientific. This background in leading and successfully exiting medical technology companies provided a strong foundation for developing and navigating the regulatory and commercial pathways for a novel device like InterVapor.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2005
- Headquarters
- Seattle, United States
- Employees
- 5
- Open positions
- None listed
- Dealroom signal
- 61.7/100
- Industry
- Health
- Sub-industry
- BioTechnology, Medical Devices
- Sector
- Biotech & Life Sciences, Biotechnology, Lungs, Biotech and Pharma, Hard Tech, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Aug 2016 | $0 | — | Broncus Technologies, Inc. | — |
| DEBTDebt | Dec 2015 | $1.9M | — | Undisclosed | — |
Growth signals
Latest recorded traffic for Uptake Medical is 830 monthly website visits, down 56.3% over the last three months. Uptake Medical's team grew 0% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A7 investors entered at this stage
- PMPrism Venture Management
WRF Capital
Arboretum Ventures- OVOnset Ventures
Maverick Ventures
Maverick Capital
Affinity Capital Management
Series B and later1 investor entered at this stage
Crescent Group
Other known investors1 additional known investor
Broncus Technologies, Inc.
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Uptake Medical on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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