(TechOhio) – Genetesis Inc, a medical technology company that has developed non-invasive, biomagnetic CardioFluxTM imaging, today announced several important updates. The company has closed significant strategic investments from TDK Ventures and an undisclosed Fortune 500 global, healthcare company, completing a $9.2M Series B financing. The round included participation by return investors CincyTech, Ohio Innovation Fund and Mark Cuban.
Genetesis developed the CardioFlux Magnetocardiograph (MCG) to revolutionize the triage of chest pain, which causes eight million visits to hospital emergency departments annually. CardioFlux enables physicians to measure and record the magnetic fields of the heart in just a few minutes, with the potential of significantly lowering length of stay in the ER. It is done without the use of ionizing radiation, exercise or the need for specialized room modifications.
“Magnetocardiography has been around for over four decades. But we felt that Genetesis has made the right technical plus business model innovations to solve the chest pain triage problem, thus freeing up valuable hospital resources and impacting patients’ lives. Precision health is a highly strategic area for TDK and it is refreshing to see a magnetic sensing technology, where TDK has pioneering expertise, being applied to a sustainable goal of improving global wellness,” says Anil Achyuta, Investment Director at TDK Ventures.