Profitable Diagnostic Lab Investment Opportunity in Wilmington, USA
Established | 1-5 year(s) |
Employees | 5 - 10 |
Legal Entity | C Corporation |
Reported Sales | USD 25 thousand |
Run Rate Sales | USD 26.4 thousand |
EBITDA Margin | 30 % |
Industries | Diagnostic Labs |
Locations | Wilmington |
Local Time | 2:08 AM America / Los Angeles |
Listed By | Business Owner / Director |
Status | Active |
- Founded 4 years ago, began with a COVID-19 experiment using 1,300 samples, achieving an impressive 99.77% accuracy compared to RT-PCR.
- Intellectual property: Secured a patent grant, solidifying our innovative approach in AI-driven diagnostics.
- Accelerator & industry recognition: Selected for The Roux Institute’s Future of Healthcare acceleration program, providing mentorship and strategic growth opportunities.
- Non-dilutive & early investment traction: Gained momentum with multiple grants and secured a $50K pre-seed investment, fueling research and development.
- E. coli study success: Conducted a preclinical study demonstrating 87% accuracy, further validating our RF-based pathogen detection technology.
- Funding & resources: Currently leveraging USD 725K in total grants and credits, including K in USD 70 K grants received, USD 350K in Google Cloud credits, and an expected USD 305K SBIR grant from NSF.
- Industry partnerships & market strategy:
-- NorDx is set to be our first commercial client upon market entry.
- Recognition & awards:
-- Accepted into the Nvidia Inception Program for AI innovation.
-- Runner-up in the AWS x Nvidia pitch competition in Austin, positioning business at the forefront of AI-powered diagnostics.
- Market Launch & Revenue.
- Fundraising progress: Raising USD 3M to commercialize, with USD 105K secured through SAFE notes and strong investor interest.
- Business Model & Revenue Potential:
Projected first-year revenue of USD 3M, with sales of 600 diagnostic units upon launch.
Scalable B2B model targeting diagnostic labs, hospitals, and healthcare providers.
- Potential for recurring revenue streams through AI-powered diagnostic subscriptions and consumables.
- Regulatory & Clinical Traction for a Competitive Edge.
Ongoing clinical validation and regulatory alignment with CLIA/CAP-accredited labs. RF-based diagnostics provide a faster, non-invasive alternative to traditional molecular testing.
- With high asset valuation, driven by significant equipment costs, the company stands out in the diagnostics sector with its advanced technological infrastructure.
- With a compact team of 6 skilled employees, the business emphasizes agility and innovation in its operations, facilitating quick progress in the fast-paced diagnostic technology sector.
1) Prototypes & lab equipment.
AI-powered diagnostic device prototypes.
RF signal analyzers and calibration tools.
Biosample preparation and handling equipment.
Computing hardware for AI model training.
2) Cloud & data infrastructure.
USD 350K in Google Cloud credits for AI processing and storage.
High-performance computing (HPC) access through Nvidia inception program.
3) Cash & grants.
USD 70K in non-dilutive grants received.
Expected USD 305K SBIR grant (pending approval).
USD 105K in SAFE investments raised.
4) Office & research facility access (via NorDx Partnership)
Use of NorDx’s 40,000 sq. ft. clinical laboratory infrastructure for validation and clinical testing.
Business leverages the state-of-the-art infrastructure of NorDx, a leading CLIA/CAP-accredited clinical laboratory with a 40,000 sq. ft. facility in Scarborough, Maine. This collaboration allows us to conduct cutting-edge research, clinical validation, and product refinement within a high-throughput, real-world diagnostic environment.
Facility overview & access.
Built-Up Area: NorDx operates within a 40,000 sq. ft. facility, providing extensive laboratory space for advanced diagnostics.
Workforce & operational capacity: NorDx employs 630+ staff members and supports over 600 clients across Maine and New Hampshire.
High-volume testing: Processes 5+ million specimens annually, with 97% tested locally, ensuring rapid turnaround and robust infrastructure.
Key infrastructure & resources.
Clinical lab access: Business benefits from direct access to NorDx’s advanced laboratory services, allowing for seamless integration of our diagnostic technology into existing workflows.
High-end testing equipment:
RF signal analyzers for calibrating and validating AI-powered pathogen detection.
Biosafety level-compliant environments for handling biological samples.
Advanced clinical and molecular testing platforms for comparative analysis.
Pathology & data integration:
Collaboration with Spectrum Healthcare Partners for pathology expertise.
120+ client EMR interfaces across 21 distinct EMR systems, enabling data-driven insights and future interoperability with hospital networks.
Logistics & sample collection:
Contracted courier service with 34 drivers managing 54 routes, ensuring efficient specimen collection and distribution.
The business is funded through a combination of founder investment, non-dilutive grants, cloud credits, and early-stage equity investments:
Founder investment:
USD 350K personally Founder & CEO to support early development, research, and operational needs.
Grants & credits:
USD 70K in non-dilutive grants already received.
USD 350K in Google Cloud credits to support AI and data processing infrastructure.
Expected USD 305K SBIR grant from NSF, currently in the pipeline.
Equity investments:
USD 105K raised through 3 SAFE notes from early investors.
Actively raising USD3M to accelerate commercialization and market entry.
Debt & loan status.
No outstanding loans or debts as of now, has prioritized non-dilutive and early-stage equity funding to maintain financial flexibility.
Ownership & shareholding structure.
Total number of shareholders: Currently, the company is privately held, with founder ownership and early investors via SAFE notes.
Equity breakdown:
Founder & CEO – Majority ownership, reflecting his USD 350K personal investment.
SAFE investors – Have future equity rights but do not yet hold a fixed percentage of ownership.
As the business progresses toward commercialization, the USD 3M fundraising round will further define equity allocations, with SAFE notes converting in future funding rounds. The company remains strategically positioned for growth, leveraging a mix of founder-backed capital, non-dilutive funding, and investor interest to scale operations and bring its AI-powered diagnostic technology to market.
-
Earlier than 15 daysManaging Director, Engineering Services, Mumbai, Corporate Investor / Buyer connected with the Business