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Wellumio

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Portable MRI device for rapid, point-of-care stroke diagnosis.

Wellington, New ZealandFounded 2019Health Tech & Medtech
Valuation $50–100M Last recorded · 2026
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Wellumio

Wellumio is a New Zealand-based medical technology company developing a portable magnetic resonance imaging (MRI) device for the rapid, point-of-care diagnosis of stroke. The company was co-founded in 2019 by Dr. Shieak Tzeng, Dr. Sergei Obruchkov, Dr. Paul Teal, and Dion Thomas. The founding emerged from over a decade of scientific research at Victoria University of Wellington, adapting portable magnetic resonance technology originally designed for industrial applications. Dr. Tzeng, a former physician and neurovascular scientist, was motivated by his experience witnessing the severe consequences of delayed stroke diagnosis and sought to make advanced neuroimaging more accessible.

Wellumio's core product is the Axana scanner, a lightweight, battery-powered MRI device designed for use at the patient's bedside in emergency departments, ICUs, and other acute care settings. Weighing approximately 50kg, it eliminates the need for specialized shielded rooms, cryogenics, or contrast agents typically required for conventional MRI systems. This portability addresses a major bottleneck in stroke care, where patient transport to radiology departments can cause critical delays. The technology aims to enable diagnosis within the crucial "golden hour" after symptom onset, a timeframe in which treatment is most effective for improving recovery and reducing disability. Currently, fewer than 5% of stroke patients receive treatment within this window.

The Axana device utilizes a proprietary technology called Pulsed Gradient Free Mapping (PGFM), which received a U.S. patent in December 2025. This system allows the device to identify key stroke biomarkers with an accuracy comparable to conventional MRI in just a few minutes. Early feasibility and first-in-human trials have shown promising results, validating the technology's agreement with traditional MRI. Wellumio's business model includes both direct sales and subscription options for healthcare providers, targeting a global stroke diagnostic imaging market estimated to exceed US$8.9 billion. The company has established a U.S. subsidiary in the San Francisco Bay Area to support future clinical trials and commercialization efforts. In February 2026, Wellumio secured $7.28 million in the first close of a pre-Series A funding round led by Nuance Connected Capital to accelerate clinical development and manufacturing scalability.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Wellington, New Zealand
Employees
19
Open positions
15
Dealroom signal
85.9/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Medical Imaging, Core AI, NZ tech startup, DT and LS, science-based, stroke
Technology
Artificial Intelligence, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Jul 2026 $9.8M $39M Booster · Snowball Effect · Cure Kids Ventures · Jumpspace Ventures ↗
SEED✓Equity / VC Feb 2026 $4.7M $19M Cure Kids Ventures · Booster NZ · NZ Growth Capital Partners · Icehouse Ventures ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Wellumio website traffic

Latest recorded traffic for Wellumio is 760 monthly website visits, up 40.7% over the last three months. Wellumio's team grew 58.3% over the past year.

Latest monthly visits760 3-month web change+40.7% 1-year team growth+58.3%
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Similar companies

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Investments and acquisitions

Capital deployed

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

Investors

16 investors on the cap table

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

Seed6 investors entered at this stage

  • Movac
  • Nuance Connected Capital
  • Cure Kids Ventures
  • Booster NZ
  • NZ Growth Capital Partners
  • Icehouse Ventures

Series A8 investors entered at this stage

  • Booster
  • Snowball Effect
  • Jumpspace Ventures
  • Aspire NZ Seed Fund
  • Enterprise Angels
  • Pacific Channel
  • Flying Kiwi Angels
  • Bioshore Ventures

Other known investors2 additional known investors

  • Angus Blair
  • Outset Ventures
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
4 countries with
team presence
🇳🇿 New Zealand75%
🇺🇸 United States8.3%
🇦🇺 Australia8.3%
🇬🇧 United Kingdom8.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Wellumio 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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