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Navi Medical Technologies

Navi Medical Technologies is a medical device development company.

Backed by

Breakthrough VictoriaBreakthrough Victoria
Australian GovernmentAustralian Government

Raised 2.4M EQUITY on August 2, 2023

About

Navi Medical Technology's Neonav ECG Tip Location System is a pediatric device that connects to standard catheters, captures electrical signals, and uses an algorithm to display real-time tip position.

Mission

Navi Medical Technology develops the Neonav ECG Tip Location System, a pediatric-focused medical device designed to provide real-time catheter tip location. The Neonav connects to a standard catheter, captures cardiac electrical signals, and uses a proprietary algorithm to display tip position during insertion and for ongoing surveillance. The device has been designated a Breakthrough innovation by the US FDA and is in advanced stages of development. Navi recently completed a $2.4 million funding round to support the next phase of work. The company plans to use the proceeds to finish product development and run a major clinical trial aimed at obtaining FDA approval. After regulatory approval, Navi intends to establish manufacturing and logistics capabilities in preparation for entry into the U.S. market.

Quick Facts

Founded

2017

Funding

EQUITY

Industry

Health Care, Medical Device

Team Size

1-10

Headquarters

Docklands, Victoria, Australia

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