// startup autopsy
Odin Medical Technologies
Medical imaging ambitions grounded by market reality
marketfitAcqui-hire
Fatal mistake: The company underestimated the length and complexity of hospital procurement and regulatory approval cycles, burning through capital before achieving commercial traction.
| Founded | 1996 |
|---|---|
| Closed | 2003 |
| Country | USA |
| Sector | Healthtech |
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Key Events Timeline
FOUNDING
Odin Medical Technologies founded with a focus on medical imaging technology.
FUNDING
Company raises early-stage capital to develop and commercialize its imaging platform.
FUNDING
Final funding round of $24M total raised; post-dot-com environment makes further raises nearly impossible.
SHUTDOWN
Company acquired after failing to achieve commercial scale independently.