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Private Company

Total funding raised: $30M

Overview

Koning is a private medical device company that has developed an innovative breast imaging system, the Koning Vera Breast CT (KBCT). This device utilizes cone-beam CT technology to generate true 3D images of the breast in under 10 seconds without compression, at radiation doses comparable to diagnostic mammography. The company targets the significant limitations of standard mammography, particularly its high miss rates in dense breast tissue, with a goal of improving early detection and patient experience. Koning holds over 120 patents globally and is in the commercial rollout phase, placing devices in imaging centers worldwide.

Oncology

Technology Platform

Cone-beam computed tomography (CT) for dedicated, high-resolution, true 3D breast imaging without compression.

Funding History

2
Total raised:$30M
Series B$20M
Series A$10M

Opportunities

The large and underserved market of women with dense breast tissue, driven by state notification laws, presents a direct initial opportunity.
Long-term, the transformational opportunity lies in potentially replacing mammography as the primary screening modality, which would redefine the standard of care in a multi-billion dollar global market.

Risk Factors

Key risks include slow market adoption due to entrenched competition and the critical challenge of securing favorable insurance reimbursement.
The company also faces execution risks in scaling manufacturing, service, and sales as a smaller player, and regulatory/clinical risk in expanding indications, particularly for screening.

Competitive Landscape

Koning competes with established giants in mammography and breast tomosynthesis (Hologic, GE, Siemens) and other advanced modalities like breast MRI. Its differentiation is no-compression, true 3D imaging at a low dose, but it faces significant challenges in displacing deeply entrenched technologies with vast sales and service networks.