PediaMetrix Market Research Report

Company Overview

• Name: PediaMetrix

• Mission: To bring AI and computer vision to pediatric care to lower costs and improve patient outcomes, ensuring that all parents and pediatric providers have access to accurate and reliable measurement tools at the point-of-care.

• Founded: January 28, 2018

• Founders & Key People:

• Fereshteh Aalamifar (PhD) - Founder & CEO

• Reza Seifabadi (PhD) - Co-founder & COO

• Marius G. Linguraru (DPhil) - Co-founder & CIO

• Can Kocabalkanli (MS) - Computer Vision Scientist

• Hossein Hezaveh (PhD) - Co-founder

• Headquarters: Rockville, Maryland, USA

• Number of Employees: 2-10 employees

• Revenue: No information is available

• Known For: Development of SoftSpot™, the first and only FDA-cleared mobile app for cranial measurements in pediatric care.

Products

SoftSpot™

• Description: SoftSpot is a smart digital tool for pediatric head measurement and monitoring, specifically designed for both at-home telemeasurement and in-office use. It is the first FDA-cleared mobile app for cranial measurements.

• Key Features:

• Allows accurate head shape assessment for diagnosing positional plagiocephaly or flat head syndrome.

• Facilitates both at-home and in-office experiences with intuitive image capturing and data uploading.

• Provides detailed reports generated using PediaMetrix’s algorithms and is geared towards pediatricians and parents for informed decision-making.

• Compatible with iOS and Android platforms with EHR (Electronic Health Records) integration capabilities.

Recent Developments

• New Products Launched: No new products were explicitly mentioned beyond SoftSpot™.

• New Features:

• Ongoing developments towards integrating SoftSpot with EHR vendors, as evidenced by an additional ~$200K funding received from the NSF for this purpose.

• Expansion of the SoftSpot product portfolio by developing SoftSpot3D for more comprehensive cranial evaluation.

• New Partnerships and Developments:

• USPTO Trademark Registration: SoftSpot’s utility patent was officially granted, covering the core technologies behind the app.

• Seed Fund Investment: TEDCO announced a seed fund investment in PediaMetrix to further their innovations.

• Advisory Board Additions: Increased expertise on their advisory board with members such as Michael Sinsheimer and Alon Mozes, enhancing strategic growth.

• Market Presence: Expansion into more distribution channels via partnerships with distributors such as Henry Schein and McKesson.

Achievements

• Recognitions:

• Awarded the Impact Award at the MICCAI 2020 international conference.

• Highlighted in the "Startup to Follow" article and featured in major publications for cutting-edge tech in pediatrics.

• Secured notable funding and participated in highly competitive pitch and innovation challenges, including the NSF National I-Corps, RESI Boston Innovator’s Pitch Challenge, and more.

• FDA Clearance: Achieved FDA clearance for SoftSpot, establishing its credibility and application in pediatric care.

Funding and Financial Information

• Total Rounds: 12 funding rounds, with significant contributions from TEDCO, NSF, and NIH.

• Last Round: A grant amounting to $50,000 received on May 15, 2024.

This report comprehensively covers the core aspects of PediaMetrix’s market presence, strategic initiatives, and technical advancements as of the latest available data.