The Valencian startup PhysioMRI , which has developed low-field magnetic resonance medical technology, has closed an investment and financing round of 4 million euros . An injection in which it has obtained funds from the Horizon Europe program of the European Union, in addition to the CDTI of the Ministry of Science and Innovation and the Valencian Institute of Finance (IVF), together with previous investors, which include personalities from the world of sport and technology.

Among the investors who are part of the shareholders are recognized basketball figures, such as former NBA players Luis Scola or Víctor Claver . Prestigious businessmen such as Jorge Alonso, Javier Lopezosa, or the Fernández Serosa brothers are also part of it, all of them with experience in the world of sports, the distribution of medical devices and investment in technology, according to the company itself.

PhysioMRI already has a team in operation at the facilities of the Hospital La Fe in Valencia, under a collaboration agreement to improve neural networks and image processing. The company is a leader in the development of low-field MRI devices, priced up to 20 times lower than current devices .

Jon Fatelevich, co-founder of PhysioMRI and leader of the financing and commercialization strategy, explained that “this investment round will allow us to fulfill our ambitious roadmap. In the next 18 months, we will complete CE and FDA certifications and begin manufacturing. of the first generation of our MRI machines.

The company’s intention is to begin selling its product this year, although the first deliveries will be long-term. “The interest from clinics, doctors and even distributors is extraordinary, and in 2023 we will begin the commercialization of our devices, with an estimated delivery date for early 2025,” he explains. This technology has the potential to reduce the cost of testing for patients by 70%.