ENDRA Life Sciences

ENDRA Life Sciences

NDRA
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Private Company

Total funding raised: $26.5M

Market Cap: $6.1MFounded: 2009HQ: Ann Arbor, United States

Overview

ENDRA Life Sciences is on a mission to revolutionize point-of-care diagnostics by enhancing the capabilities of conventional ultrasound. Its core achievement is the development of the TAEUS® platform, which is CE-marked for liver fat quantification in Europe, targeting the vast, underserved market for early detection of fatty liver disease. The company's strategy leverages a capital-efficient, accessory-based business model to integrate with existing ultrasound systems, aiming to establish TAEUS® as a new standard of care in hepatology and expand into other tissue characterization applications.

Hepatology (NAFLD/NASH)Medical Imaging

Technology Platform

TAEUS® (Thermo-Acoustic Enhanced UltraSound) enhances conventional ultrasound by using radio frequency energy to stimulate tissue, generating acoustic waves that allow for quantitative tissue characterization, such as liver fat measurement.

Funding History

4
Total raised:$26.5M
IPO$10M
Series B$10M
Series A$5M
Seed$1.5M

Opportunities

The imminent launch of the first NASH drug therapies creates an urgent need for accessible diagnostic tools to identify and monitor patients, serving as a major catalyst.
The TAEUS® platform's potential extends beyond liver disease into high-value applications like surgical guidance and vascular imaging, offering significant long-term expansion opportunities.

Risk Factors

The company faces significant regulatory risk pending FDA clearance for the U.S.
market and commercialization risk in convincing clinicians to adopt a new diagnostic pathway.
Its financial sustainability depends on raising capital until it achieves profitability from product sales.

Competitive Landscape

ENDRA competes with high-cost, high-accuracy MRI, point-of-care but less quantitative devices like FibroScan's CAP, and emerging software-based ultrasound algorithms. Its key differentiator is aiming to provide MRI-like quantification at an ultra-low cost and as an accessory to existing ultrasound hardware.

Company Timeline

2009Founded

Founded in Ann Arbor, United States

2015Series A

Series A: $5.0M

2017IPO

IPO — $10.0M

2017Series B

Series B: $10.0M