Established in 2006, AccuVein Inc. is a privately-held medical devices and equipment company that specializes in medical imaging solutions. AccuVein's main product, the AccuVein AV300, allows health care professionals to view veins in a patient. The AccuVein AV300 emits a light that reveals a persons underlying veins. It is the world's only portable, non-contact vein illumination solution, and was built on AccuVein's proprietary technology as embodied in its growing patent portfolio that covers a broad range of imaging and medical diagnostic technologies. The AV300 is in use at more than 1,000 hospitals and available for sale in 91 countries worldwide. The purpose of this product is to improve venipuncture by mapping out the veins under the skin. Founded by Ron Goldman, AccuVein Inc. is headquartered in Cold Spring Harbor, New York.
Overview & Corporate Organization
|Company Tags:||VC Backed|
|Formerly Named:||AccuVein LLC|
|Fiscal Year End:||12/31|
|1YR Revenue Growth Rate:||View %|
|1YR Employee Growth Rate:||View %|
|3YR Employee Growth Rate (CAGR):||View %|
|City:||Cold Spring Harbor|
PrivCo Industries (Sector > Industry > Sub-Industry)
|Healthcare > Medical Devices & Equipment|
|Healthcare > Medical Imaging|
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Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
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|*||AccuVein Inc. fiscal year end: 12/31|
Charts, Financials, and Statistics (Graphs)
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|Details||Total Round Other1 View|
|Jul. 2011||View||B||Venture Capital|
|Jul. 2011||View||B||Venture Capital|
|Details||Total Round B2 View|
|Total of Funding Shown Above View|
|1||As of June 21st,...Read More →|
|2||As of October 2011 amended...Read More →|
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Detailed Business Description: AccuVein Inc.
Deal with Amerinet
On June 8th, 2009, AccuVein announced a 3 year deal agreement with Amerinet. According to the agreement, Amerinet will be offering its members the AccuVein AV300, a non-contact vein illumination device. Amerinet is a healthcare group purchasing organization that aims to offer its members low costing medical products. There are over 30,000 members in Amerintet which include acute care hospitals, clinics, long term care facilities, physicians, emergency services and ambulatory surgery centers.
Lawsuit with Luminetx
In August 2009, AccuVein Inc. settled a lawsuit with Luminetx Corp, in which Luminetx argued that AccuVein stole their idea for a non-contact medical imaging device that allows healthcare professionals to map out the veins of a patient from their product, VeinViewer. The result of the lawsuit was for AccuVein to license the VeinViewer patents from Luminetx Corp for $2 million.
AccuVein's Multiple-Country Distribution Agreement with Ferrer Group