DeepSpin has raised $980K in total across 2 funding rounds.
DeepSpin's investors include Band of Angels, Bluestein Ventures, Converge Venture Partners, Corazon Capital, Foundation Capital, High-Tech Gründerfonds, Mayfield, Q6 Capital, Slow Ventures, SOSV, Venture Catalysts | India's First Integrated Incubator, Vitalize Venture Group.
DeepSpin is a Berlin-based medtech startup founded in 2020 that develops an AI-powered MRI system called MR2go, designed to be portable, affordable, and operable by non-specialists.[1][3] The product serves healthcare providers in underserved areas, clinics, and developing countries by solving the high cost, immobility, and complexity of traditional MRI machines, enabling enhanced medical care, monitoring, and early disease detection at a fraction of the price—up to 20x cheaper with reduced weight from tons to hundreds of kilograms.[1][2][3] With $970K raised through a Convertible Note - II stage and inclusion in AI expert collections, DeepSpin shows early growth momentum via partnerships and accelerator recognition like Creative Destruction Lab.[1][4]
DeepSpin emerged in 2020 in Berlin, Germany, amid rising demand for accessible imaging in underserved regions, leveraging AI advancements to rethink MRI hardware.[1][3] Key leadership includes CEO Clemens Tepel, who guides the firm's focus on patented antenna technology and AI-driven operation.[2] Early traction came from developing a prototype that achieves class-leading imaging while slashing costs, size, and weight; pivotal moments include selection for HAX accelerator and Creative Destruction Lab in 2023, validating its hard-tech approach.[1][4]
DeepSpin rides the convergence of AI, portable medtech, and global health equity trends, addressing MRI's inaccessibility—only 0.23 machines per million people in low-income countries—by democratizing high-quality imaging.[3] Timing aligns with post-pandemic decentralization of care and AI hardware breakthroughs, fueled by market forces like aging populations and rising chronic disease detection needs.[1][2] It influences the ecosystem by pioneering "real AI-powered MRI" beyond post-processing, inspiring competitors in AI medtech and expanding into AI infrastructure collections.[1][4]
DeepSpin is poised to scale MR2go commercialization post-prototype, targeting regulatory approvals and pilots in underserved markets to capture portable MRI's projected growth.[1][3] Trends like edge AI and telehealth will amplify its momentum, potentially evolving it into a standard for global early detection. As costs drop further, DeepSpin's universal access mission could redefine medtech equity, building on its early funding wins to attract Series A and broader adoption.
DeepSpin has raised $980K across 2 funding rounds. Most recently, it raised $670K Seed in June 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2020 | $670K Seed | Band of Angels, Bluestein Ventures, Converge Venture Partners, Corazon Capital, Foundation Capital, High-Tech Gründerfonds, Mayfield, Q6 Capital, Slow Ventures, SOSV, Venture Catalysts | India's First Integrated Incubator, Vitalize Venture Group, Ash Rust | |
| Mar 1, 2020 | $310K Seed | Bluestein Ventures, Mayfield, SOSV, Venture Catalysts | India's First Integrated Incubator, Vitalize Venture Group |
