- Subiaco-based medtech Singular Health is completing its IPO
- Company has developed its proprietary Volumetric Rendering Platform (VRP)
- Looking to raise $5M-$6M to fund development and deployment
Over the past three years, Subi-based medtech Singular Health has developed its proprietary Volumetric Rendering Platform (VRP) which can convert traditional 2D radiological images into fully-immersive 3D volume rendered models.
The company has four products in various stages of development which are aligned with their vision of developing better health literacy and which all draw upon the core Volumetric Rendering Platform.
These products are:
- MedVR (surgical planning/visualisation aid for medical practitioners;
- 3DicomViewer (hardware agnostic medical image viewer for patients and practitioners alike);
- Virtual Anatomy (anatomical education in 3D and VR for High schools and universities; and,
- VisualEyes (interactive retinal imaging review software for use in optical outlets.
The team has grown significantly over the past year and is looking to scale its VRP technology, hence the Initial Public Offering (IPO) on the ASX.
This IPO will see the Board being bolstered with the appointment of two additional, experienced ASX Directors and the implementation of a number of corporate governance and reporting requirements. The company should then be able to access capital markets to fund its future growth.
Originally slated for yesterday (February 4th), the listed share price will be 20 cents, which would give the company a market cap of around $20M.
For more information, visit their website.