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Financing will be used to foster new product development of HD Medical's visual stethoscope technology.
By: HD Medical Inc.
Maxim Integrated Products Inc. has made an $800,000 strategic investment in HD Medical Inc. The majority of Maxim’s investment will be dedicated to HD Medical’s new product development of its visual stethoscope technology utilizing a low power Maxim chipset for the advancement of digital health.
HD Medical develops the ViScope visual stethoscope product family. These unique visual stethoscopes provide “dynamic auscultation,” the ability to see what one hears for a more accurate diagnosis. ViScope’s integrated visual display shows heart waveforms in real-time, making it a perfect device for patient screening, teaching, home health, telemedicine and other digital health applications. “We are excited by the growth and vision we’ve seen from HD Medical’s team,” said Shailendra Mahajan, managing director of Maxim Ventures.
In this medical application, Maxim is leveraging its sensor and ultra-low-power integrated circuit technologies. Through Maxim Ventures, the company applies its product portfolio and system knowledge to build companies that extend up the data-flow value chain into equipment, systems, software, and services.
“We believe that the product roadmap directly corresponds with the healthcare professional’s needs and also opens up opportunities in tele-medicine and home healthcare markets. Our goal is to ensure both our companies significantly contribute to the advancement of digital health,” said Chris Neil, senior vice president of Maxim and head of Maxim Ventures.
“With Maxim’s impressive investor confidence, HD Medical is well poised for future growth and investment,” said Arvind Thiagarajan, founder and CEO of HD Medical. “This agreement will accelerate as well as enhance our new product development and position us to ramp our revenues.”
Maxim Ventures, the venture arm of Maxim Integrated Products Inc. invests in new businesses that are “beyond the chip.” The firm leverages Maxim’s enabling sensor and integrated circuit technologies and use that know-how as the basis to build companies that extend up the data-flow value chain into equipment, systems, software and services.
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