Ultromics

Ultromics

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Private Company

Total funding raised: $48M

Overview

Ultromics is a private, commercial-stage diagnostics company leveraging AI to transform echocardiography analysis. Its core product, the cloud-based EchoGo® platform, hosts FDA-cleared medical devices that assist in the detection of HFpEF and cardiac amyloidosis, addressing significant unmet needs in cardiology. Founded in 2017 as a spin-out from the University of Oxford, the company has established key partnerships with institutions like the Mayo Clinic, secured reimbursement pathways, and processed over 430,000 clinical cases. Ultromics is positioned at the intersection of AI, cardiology, and digital health, with a clear focus on scaling its validated technology across healthcare systems.

CardiologyHeart FailureCardiac Amyloidosis

Technology Platform

EchoGo®: A cloud-based, AI-powered software-as-a-medical-device (SaMD) platform that analyzes routine echocardiogram video clips to detect complex cardiac diseases. It integrates with hospital PACS, uses deep learning algorithms trained on decade-long outcome data, and delivers automated diagnostic reports within 20 minutes.

Funding History

2
Total raised:$48M
Series B$33M
Series A$15M

Opportunities

The massive undiagnosed populations for HFpEF and cardiac amyloidosis represent a significant addressable market.
The established Medicare reimbursement code (0932T) for EchoGo® Heart Failure provides a clear and scalable revenue model in the critical U.S.
market.
The cloud-based, platform-agnostic nature of the technology allows for rapid deployment across diverse healthcare settings globally.

Risk Factors

The company faces competition from other AI cardiology startups and established medical imaging giants developing similar tools.
Clinical adoption requires integration into complex hospital workflows and changing physician behavior, which can be slow.
As an AI-based medical device, it is subject to ongoing regulatory scrutiny and must continuously validate algorithm performance across diverse patient populations and imaging equipment.

Competitive Landscape

Ultromics operates in the competitive field of AI for cardiac imaging, facing rivals like Caption Health (acquired by GE HealthCare), Us2.ai, and DiA Imaging Analysis, as well as in-house projects from large ultrasound OEMs (Philips, Siemens, GE). Its differentiation lies in its specific FDA clearances for HFpEF and amyloidosis, strong clinical validation from elite partners, and a secured reimbursement pathway.