Medical Technology Startup Promaxo Named TiE50 Award Winner at TiEcon
Medical technology startup Promaxo is excited to announce that it has been selected as a 2019 TiE50 Winner in the prestigious TiE50 Awards Program. This awards competition, now in its tenth year, is a program of TiECon, the world’s largest conference for tech entrepreneurs. Promaxo is being recognized for its innovative MRI platform to enable live diagnosis and treatment in a physician’s office.
“We are excited and humbled to accept this award and to be recognized among the top innovators. This prestigious honor places us in the company of highly respected and beloved past recipients,” stated Amit Vohra, Promaxo’s President & CEO. “At Promaxo, we continue our quest to enhance quality of care and patients’ lives through customer-centric MRI solutions.”
“TiE50 has become a global brand and this year we screened entries from all over the world and from a very diverse set of industries including AI, autonomous vehicles, FinTech, sustainable textiles, medical devices, robotics, fuel cells, networking, healthcare, logistics and security. We screened and selected the TiE50 winners as recognition of the potential of the companies and innovation they are bringing to market. TiE50 program has gained notoriety over the past decade as a competition run with the highest level of integrity and vigorous screening and judging by domain experts,” said Kamal Anand, TiE50 Program Chair.
“For over 27 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of half million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high potential startups,” said B.J. Arun, President, TiE Silicon Valley.
The TiE50 Awards were presented to the winners during a ceremony on May 11th during TiEcon at the Santa Clara Convention Center. For more information, please visit tieinflect.org
About Promaxo
Promaxo is an Oakland based medical technology company that develops and commercializes customer-centric MRI systems and MRI technologies that enhance patients’ lives and redefine the standard of care. Using our proprietary technologies protected by over 55 patents, we are bringing the first MRI and robotic-guidance system for in-office use. Visit http://www.promaxo.com for more information.
About Tie50
Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world’s top technology and technology-enabled startups. TiE Silicon Valley’s premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO with 29 of the exits at over $100 million.
About TiEcon
TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global service providers. Delegates range from CEOs of top companies to first-time entrepreneurs as well as corporate executives and investment professionals. TiEcon was listed as one of the 10 best conferences for ideas and entrepreneurship by Worth Magazine, along with TED and the World Economic Forum. TiEcon 2018 attracted 5,000 attendees from 22 countries. For more information visit: TiEcon.org
