nView medical

nView medical

Open  for investment

About this raise

nView medical, with a valuation of $30 million, is raising funds on StartEngine. The company offers AI-powered 3D imaging solutions to enhance surgical precision and workflow efficiency. nView medical is advancing surgical imaging with its nView s1 system that provides seamless navigation and instant 3D imaging while reducing radiation exposure. The technology has been used in more than 500 surgeries across leading hospitals in the country and has generated $1 million in lifetime revenues. Cristian Atria founded nView medical in November 2012. The current crowdfunding campaign has a minimum target of $123,993.51 and a maximum target of $399,935.37. The campaign proceeds will be used for research and development, balance sheet strengthening, and working capital.

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Investment Overview

Committed this round: $167,901

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/26/2025
Close Date
06/24/2025
Min. Goal
$123,994
Max Goal
$399,935
Min. Investment

$349

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.31

Pre-Money Valuation

$29,995,626

Company & Team

Company

Year Founded
2012
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Salt Lake City, Utah
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Cristian Atria
Title
CEO, Principal Accounting Officer

Financials

 Revenue +266% YoY
$905,306
as of FY2024
 Monthly Burn
$27,500
as of Feb '24
 Runway
5.4 months
as of Feb '24
 Gross Margin
59%
as of FY2024

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$905,306

$247,219

COGS

$375,704

$123,498

Tax

$0

$0

 

 

Net Income

$-761,579

$-1,669,253

Summary Balance Sheet

FY 2024 FY 2023

Cash

$149,059

$170,783

Accounts Receivable

$125,912

$49,442

Total Assets

$916,095

$1,019,696

Short-Term Debt

$2,327,566

$1,537,297

Long-Term Debt

$485,195

$4,728,040

Total Liabilities

$2,812,761

$6,265,337

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Synopsis

nView Medical is a healthcare technology company that specializes in AI-powered 3D imaging solutions designed to enhance surgical precision and workflow efficiency. The company has developed the nView s1 system, which provides real-time 3D imaging and navigation to assist surgeons during procedures. This technology aims to reduce radiation exposure and improve surgical outcomes. nView Medical primarily serves hospitals and medical centers, with a focus on pediatric orthopedic surgery.

The company addresses the challenge of achieving high surgical precision while minimizing radiation exposure. Traditional imaging methods often involve repeated radiation exposure and can lack real-time updates, which may hinder surgical accuracy. The nView s1 system offers a solution by providing instant 3D imaging and navigation, allowing surgeons to make more informed decisions during operations.

In everyday scenarios, surgeons often face difficulties in obtaining precise images without excessive radiation exposure, which can be a concern for both patients and medical staff. The nView s1 system addresses this by allowing surgeons to access real-time 3D images, reducing the need for repeated scans, and helping to ensure more accurate surgical procedures. This capability can enhance the overall surgical experience by providing clearer insights and reducing potential risks associated with radiation.

Next Section: Price

Price

nView Medical is offering Common Equity in its current funding round. The company is valued at approximately $30 million, with shares priced at $8.31 each. Investing in common equity provides shareholders with voting rights and the potential for dividends, but it is generally subordinate to preferred equity in the capital structure. This means common equity holders may face higher risk in liquidation scenarios, as they are paid after debt holders and preferred shareholders.

For startups like nView Medical, achieving a 10X return on investment typically requires substantial revenue growth and an increase in market valuation. To reach such a return, the company would need to significantly expand its customer base, enhance its market presence, and potentially increase its revenue streams. These efforts could drive up its valuation, leading to a lucrative exit through acquisition or public offering.

nView Medical's revenue multiple is 33.1x, which suggests a premium valuation relative to its current revenue. High revenue multiples often indicate that a deal may be overvalued, potentially offering less favorable terms to investors. It is important for investors to consider the company's growth trajectory and market conditions when evaluating the investment opportunity, as high revenue multiples do not inherently signal future growth potential.

Next Section: Market

Market

nView Medical operates within the U.S. surgical imaging market, which is valued at approximately $1.6 billion and exhibits a growth rate of 5.5% annually. This market expansion is driven by several factors, including the increasing demand for advanced imaging solutions in pediatric orthopedic care and the growing preference for minimally invasive surgical techniques.

Technological advancements, such as AI-powered imaging and 3D printing, are enhancing surgical precision, which aligns with nView Medical's offerings. These innovations are improving patient outcomes and reducing radiation exposure, which is particularly important in pediatric settings. As a result, the company is well-positioned to benefit from these trends, although it primarily targets a niche segment within the broader market.

nView Medical's focus on pediatric orthopedic surgery allows it to address specific needs within this niche, providing solutions that improve surgical accuracy and workflow efficiency. However, this narrow focus may limit its ability to capture a larger share of the entire surgical imaging market, which includes other specialties and applications.

The market's moderate growth rate suggests potential for expansion, but also underscores the competitive nature of the sector. nView Medical's ability to leverage its AI-driven technology and secure strategic partnerships with leading hospitals will be crucial to its success in navigating this evolving landscape.

Next Section: Team

Team

nView Medical's leadership team is spearheaded by Cristian Atria, who serves as the CEO and Principal Accounting Officer. With over 26 years of relevant industry experience, Atria's expertise in healthcare technology is pivotal for guiding the company’s strategic direction and ensuring the successful deployment of its AI-powered imaging solutions in the medical field.

The team is supported by a small group of professionals with diverse backgrounds in healthcare and technology. Their collective experience is crucial for navigating the complex regulatory landscape and fostering partnerships with leading hospitals and medical centers. This expertise is instrumental in advancing the company's goal of enhancing surgical precision and efficiency through innovative imaging solutions.

However, there may be gaps in the team regarding dedicated leadership for scaling sales and marketing efforts. Addressing this gap could be essential for expanding market reach and accelerating customer acquisition, which are critical for achieving nView Medical's future growth objectives.

Next Section: Differentiation

Differentiation

nView Medical differentiates itself in the surgical imaging market through its focus on AI-powered 3D imaging solutions for pediatric orthopedic surgery. Competitors in the broader orthopedic device and imaging market include established companies like Stryker Corporation, Zimmer Biomet, and DePuy Synthes. These companies have significant resources and a wide range of products that cater to various surgical needs beyond the niche focus of nView Medical.

Compared to these larger competitors, nView Medical is a smaller company with a specialized product offering. Its nView s1 system is designed to enhance surgical precision and workflow efficiency, particularly in pediatric settings. While Stryker and Zimmer Biomet offer comprehensive portfolios that include imaging and navigation systems, nView Medical's technology emphasizes real-time 3D imaging and reduced radiation exposure, which are critical in pediatric care.

In terms of pricing, nView Medical's products are positioned to be competitive within its niche, focusing on providing value through improved surgical outcomes and safety. The company's pricing strategy targets hospitals and medical centers that prioritize advanced imaging capabilities for pediatric surgeries.

The primary customer demographic for nView Medical includes pediatric hospitals and surgical centers that specialize in orthopedic procedures. These institutions seek to adopt cutting-edge technology that enhances surgical accuracy and reduces risks associated with radiation exposure. nView Medical's ability to address these specific needs helps it to carve out a distinct position within the competitive landscape, despite the presence of larger, more diversified competitors.

Next Section: Performance

Performance

nView Medical has demonstrated significant revenue growth, with a year-over-year increase from $247k to $905k, representing a growth rate of 266.2%. This growth indicates a strong market acceptance of its AI-powered 3D imaging solutions, particularly within pediatric orthopedic surgery.

The company's financial metrics reveal a monthly burn rate of approximately $63k, with cash reserves of $149k as of the most recent fiscal year. This indicates a limited operational runway, emphasizing the need for additional funding to support continued growth and development efforts.

Despite the increase in revenue, nView Medical reported a net loss of $762k for the most recent fiscal year, an improvement from the previous year's loss of $1.7 million. This reduction in net loss suggests better cost management and operational efficiencies, although the company remains in a pre-profit stage.

nView Medical has successfully deployed its nView s1 system in over 500 surgeries across leading U.S. hospitals, generating over $1 million in lifetime revenue. This traction underscores the company's ability to penetrate the market and gain acceptance among healthcare providers, although achieving profitability remains a key challenge.

Next Section: Risk

Risk

nView Medical presents several investment risks that potential investors should consider. The company's high revenue multiple of 33.1x suggests a premium valuation that may not align with its current revenue growth, potentially posing a risk of overvaluation. High revenue multiples can indicate less favorable terms for investors, as they often imply expectations of significant future growth that may not materialize.

The company operates with a moderately competitive landscape, with larger players dominating the orthopedic device market. This competitive pressure can hinder nView Medical's ability to capture market share and grow its customer base effectively. The integration of new technologies into existing clinical workflows also presents a challenge, as hospitals and surgical centers may be reluctant to adopt new systems that require changes to established practices.

nView Medical's financial position reflects certain vulnerabilities. The company's short-term debt stands at $2.3 million, with cash reserves of approximately $149k at the end of the most recent fiscal year. This financial situation indicates a limited runway, necessitating additional fundraising to sustain operations and growth initiatives.

While the company has achieved FDA clearance for its nView s1 system, regulatory compliance remains a critical risk factor. Meeting stringent regulatory standards is essential for market entry and continued operation, and any delays or challenges in this area could impact the company's growth prospects.

Next Section: Bullish Outlook

Bullish Outlook

The bullish outlook for nView Medical is supported by several positive factors, highlighting its potential for growth in the U.S. surgical imaging market. The company operates in a $1.6 billion market that is growing at 5.5% annually, presenting substantial opportunities for expansion, particularly within pediatric orthopedic surgery. This niche focus allows nView Medical to cater to specific needs that larger competitors may overlook, providing a unique competitive advantage.

nView Medical's strengths include its AI-powered 3D imaging technology, which enhances surgical precision and reduces radiation exposure, addressing key concerns in pediatric care. The company's successful deployment of its nView s1 system in over 500 surgeries underscores its market acceptance and capability to deliver solutions that resonate with healthcare providers. Notable partnerships with leading hospitals further enhance its credibility and market penetration.

Growth drivers for nView Medical include emerging trends such as the increasing demand for minimally invasive procedures and the adoption of advanced imaging solutions. The company's focus on real-time 3D imaging and navigation positions it well to capitalize on these trends. Additionally, there is potential for expansion into new markets or applications beyond pediatric orthopedics, which could further drive growth.

Financially, nView Medical has demonstrated strong revenue growth, with earnings increasing from $247k to $905k, an impressive growth rate of 266.2%. This rapid growth suggests that the company's offerings are well-received and that there is substantial demand for its technology. Although currently in a pre-profit stage, the reduction in net loss from $1.7 million to $762k indicates improving cost management and operational efficiencies.

Overall, nView Medical's niche market focus, strategic partnerships, and technological capabilities provide a strong foundation for future growth. While challenges remain, the company's ability to address specific market needs and trends presents a compelling case for potential investors.

Next Section: Bearish Outlook

Bearish Outlook

The bearish outlook for nView Medical is driven by several key factors and potential growth inhibitors. In the competitive surgical imaging market, the company faces significant challenges from established players like Stryker and Zimmer Biomet, which have more extensive resources and broader product portfolios. This competitive pressure may limit nView Medical's ability to gain substantial market share beyond its current niche focus.

Financial concerns further exacerbate the negative outlook. nView Medical's high revenue multiple of 33.1x suggests a premium valuation that may not be sustainable given its current revenue levels. This high multiple could indicate overvaluation, posing a potential risk for investors seeking favorable deal terms. Additionally, the company's limited cash reserves of $149k, coupled with a monthly burn rate of $63k, indicate a constrained operational runway. This financial pressure underscores the need for additional funding to maintain operations and pursue growth initiatives.

Growth inhibitors include potential technological and regulatory hurdles. While nView Medical's products have received FDA clearance, navigating the complex regulatory environment remains a challenge. Furthermore, the integration of new technologies into existing clinical workflows can be difficult, as hospitals may be reluctant to adopt systems requiring significant changes. Limited market adoption outside of pediatric orthopedic surgery could also restrict expansion opportunities.

Concerns about the leadership team also contribute to the bearish outlook. While the team has relevant industry experience, gaps in sales and marketing leadership could impact the company's ability to scale and reach new customers effectively. This lack of dedicated leadership in critical areas could hinder customer acquisition and market penetration, essential for achieving long-term growth.

Next Section: Executive Summary

Executive Summary

nView Medical is a healthcare technology company specializing in AI-powered 3D imaging solutions aimed at enhancing surgical precision, particularly in pediatric orthopedic surgery. The company's core customers are hospitals and medical centers that prioritize advanced imaging capabilities for pediatric procedures.

nView Medical offers Common Equity with a valuation of approximately $30 million and a price per share of $8.31. The company has shown significant revenue growth, increasing from $247k to $905k, though it remains in a pre-profit stage with a monthly burn rate of $63k and cash reserves of $149k. This financial position indicates a need for additional funding to support ongoing operations and growth.

The U.S. surgical imaging market, valued at $1.6 billion, is growing at 5.5% annually. nView Medical targets a niche within this market, focusing on pediatric orthopedic surgery, which differentiates it from larger competitors like Stryker and Zimmer Biomet. The company's emphasis on real-time 3D imaging and reduced radiation exposure sets it apart, although its narrow focus may limit broader market capture.

The leadership team, led by CEO Cristian Atria, brings extensive industry experience, which aligns with the company's goals of advancing surgical imaging technologies. However, gaps in sales and marketing leadership could impact future growth. Key risks include a high revenue multiple suggesting a premium valuation and a limited operational runway, which necessitates careful financial management.

The bullish outlook for nView Medical highlights its strong market acceptance, demonstrated by significant revenue growth and successful deployment of its technology in over 500 surgeries. The company's niche focus and strategic partnerships position it well to capitalize on market trends favoring advanced imaging solutions. Conversely, the bearish outlook points to financial constraints, competitive pressures, and the need for additional funding as potential inhibitors of growth.

Overall, nView Medical presents a mixed investment opportunity. While the company has a clear niche focus and growth potential within the pediatric surgical imaging market, financial and operational challenges need addressing. Investors should weigh the potential for market expansion and revenue growth against the risks of high valuation and limited runway.

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,742,797
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/24/2025 StartEngine $29,995,626 $167,901 Equity - Common Active RegCF
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nView medical on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Common
Valuation: $29,995,626
Price per Share: $8.31

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