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InfraRed Imaging Systems, Inc.

Co. is now launching an imaging device that allows clinicians to accurately and efficiently insert needles/catheters in veins and arteries.

  • Stage Full Product Ready
  • Industry Medical Devices and Equipment
  • Location Marysville, OH, USA
  • Currency USD
  • Founded February 2001
  • Employees 5
  • Website

Company Summary

INRIS is launching its VascularViewer, an imaging device for vascular access that increases efficiency, lowers costs, reduces pain, and improves quality of care. Reaction to the product has been excellent from hospitals well aware of competitive products. Device and disposable are highly profitable from launch. Break-even is projected in 1 year. Seeking final Angel investment of $1.25MM. Projected IRR is 92% on exit via trade sale in 5 years.


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    James Sharpe

    Mr. Sharpe has over 30 years experience in the life sciences industry in marketing, sales, and operations in medical devices, medical imaging, diagnostics, and pharmaceuticals. Mr. Sharpe has been CEO of a public biotech company, President of a drug discovery company, and COO of a drug delivery company. He has raised over $20 million for start-ups and early stage companies, and has an extensive background in business development including M&A.

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    Dale Siegel
    Pres. & Founder

    Dr. Siegel has held research management roles at Hoffmann-LaRoche, and a business development role at Lederle-Praxis, where he worked directly with the CEO in the sale of the company to Lederle Laboratories. Subsequent to Praxis, he worked in an investment banking role working with emerging biomedical companies. He was also a Director in an Ohio economic development organization where he was instrumental in starting five companies.

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    Steve Mersch
    VP, Engineering and Product Development

    Founder of Point Source, Inc., which designs, develops and manufactures optical and electronic imaging systems and instrumentation for the medical field. Prior to Point Source Mr. Mersch was a Senior Scientist at Ethicon Endo-Surgery where he was a project leader in the development of surgical tools for minimally invasive surgery. Prior to Ethicon, Mr. Mersch was a Research Physicist at Becton Dickinson. Mr. Mersch has 30 issued patents.

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    Robert Crane
    Chief Scientific Officer

    Dr. Crane is retired from the U.S. Air Force, where he was a Fellow of the Air Force Institute of Technology. He is the lead inventor of INRIS’s infrared imaging technology. His specialties include materials science, optics and physics. He is an Adjunct Professor at The Air Force Institute of Technology, Wright State University, University of Dayton and University of California at Los Angeles. He is the inventor of 5 commercial technologies.

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    Michael D. Schlesinger
    VP Finance & Administrtion

    Mr. Schlesinger has extensive experience in investment banking in large NYC firms, mostly in public and private offerings, advisory services and M&A. He has co-founded a venture capital fund and a financial services firm and has raised capital for and invested in several venture stage companies. He has been involved with companies in medical devices, specialized healthcare services and generic pharmaceuticals. AB and an MBA from Harvard.


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    Porter Wright (Gen Counsel); Hasse Nesbit (IP)
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    Business Support Solutions, LLC

Previous Investors

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    Ben Frankllin Technology Partners
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    Individuals (Angels)
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    Ohio Third Frontier (grant)