Leeds University spin-out Quantum Imaging has raised £1.6m in a round led by IP Group with co-investment from IP Venture Fund II LP and the university.
The financing has been committed in two equal tranches for the development of a medical imaging device that can detect and display minute magnetic signals that are present in healthy and diseased organs.
The core technology allows a passive and completely non-invasive test to accurately detect and display minute magnetic fluctuations in bodily organs. The behaviours of these signals vary dependent on the viability and composition of the tissue they pass through and early clinical studies have shown that analysis of these signals can detect a range of potentially life threatening medical conditions in a healthy patient as well as in acute and chronic patients.
More on this, and efforts to make it portable, can be found here.