Portland medical device maker raises $2M

By   – Staff Reporter, Portland Business Journal

Portland-based Sonivate Medical Inc. has raised more than $2 million, according to a form filed this week with the U.S. Securities and Exchange Commission.

The company, which makes a finger-mounted ultrasound probe, indicated it has about $900,000 yet to raise.

The last time we reported on Sonivate, in 2017, the company had just received a $2.5 million contract from the U.S. Army to develop a wireless ultrasound system for battlefield use. The Army was seeking a simple, noninvasive diagnostic tool for first responders that didn’t have to be wheeled around on a cart.

Sonivate’s SonicEye finger probe device allows clinicians to use one finger to image and both hands free to simultaneously perform procedures, such as taking biopsies and inserting catheters.

Launch of the SonicEye portable system is anticipated in the fourth quarter of this year, according to the company’s website.

Sonivate previously received $5 million in grants from the U.S. Department of Defense.

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