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SonarMed, Inc.

Provides innovative solutions for breathing tube management that improve patient safety and reduce provider costs and risks

  • Stage Full Product Ready
  • Industry Medical Devices and Equipment
  • Location Indianapolis, IN, USA
  • Currency USD
  • Founded February 2005
  • Employees 6
  • Website sonarmed.com

Company Summary

SonarMed is a medical device company founded to commercialize innovative technology that provides clinicians with precise, real-time continuous monitoring of pulmonary breathing tubes. The monitor provides clinicians with the information they need to prevent dangerous and potentially fatal complications, thereby reducing billions of dollars in unreimbursed hospital costs. The initial target markets are the adult ICU and high-risk OR procedures.

Team

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    Tom Bumgardner
    President

    Tom most recently, served as Vice President of Operations at MASCO where he grew a successful start-up company from $0 to $20MM in sales in less than18 months. Tom was previously CEO of a $40MM services company and a $100MM logistics company and managed a $500MM home services business for Home Depot. Tom began his career as a healthcare entrepreneur. Tom has a BS in Engineering from Texas A&M and an MBA from The University of Texas.

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    Jeffrey Mansfield
    Chief Technology Officer

    Jeffrey Mansfield received his B.S. degree in electrical and computer engineering from Drexel University in 1987 and his M.S. and Ph.D. degrees in electrical engineering from Purdue University in 1992 and 1996. While at Purdue, he investigated from both theoretical and experimental perspectives a new method to aid in the placement of catheters and tubes within the human body using reflected sound. After graduate school, Dr. Mansfield worked as a

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    Laura Lyons
    Vice President Clinical, Quality, & Regulatory

    Prior to her current role, Laura Lyons was the Director of Quality, Regulatory, and Clinical at Disetronic/Roche Diagnostics, where she successfully led the organization through challenging process improvements and direct negotiations with the FDA. Her experiences also include Customer Service Manager, Sales Manager, and time spent as a licensed respiratory therapist directly treating patients in the surgical, medical, pediatric, and neo-natal in

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    Jim Schulz
    CFO

    Jim Schulz is a Founder and Partner in Upward Focus, LLC, providing CFO and accounting services to small start-up companies. His clients include Tigris Pharmaceuticals, SonarMed, Coferon, Naurex and Kylin Therapeutics. Jim has over 18 years of financial experience working with public accounting firms, Fortune 500 companies and small start-up companies. He graduated from Indiana University, Bloomington, in 1992 and worked for over seven years with

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    David Gunn
    Vice President of Business Development

    David brings over 15 years of marketing, business development and general management experience. He began his career at PriceWaterhouse and later co-founded a successful start-up, LASAS Technologies. Most recently, David worked as Director of Product Management as part of the management team that launched a corporate funded start-up for MASCO. David has a BBA in Finance from Southern Methodist University and an MBA from Cornell University.

Advisors

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    Ice Miller
    Lawyer
    Unconfirmed
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    Milestone Advisors
    Accountant
    Unconfirmed

Previous Investors

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    Indiana Seed Fund, Indiana Economic Development Council, SpringMill Ventures, Village Ventures,
    Unconfirmed
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    Hyde Park Angels, Queen City Angels, StepStone Angels, BioCrossroads
    Unconfirmed
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    Pursuit Ventures, Elite Surgical Affiliates
    Unconfirmed