Medical Imaging Company Scores $1.7M Boost

Posted: Updated:
(Image courtesy of Purdue Research Foundation) Animated Dynamics co-founders from left-to-right: Ran An, John Turek and David Nolte (Image courtesy of Purdue Research Foundation) Animated Dynamics co-founders from left-to-right: Ran An, John Turek and David Nolte
INDIANAPOLIS -

Indianapolis-based Animated Dynamics Inc. has locked up a $1.7 million round of funding. The company says it will use the investment to help move its medical imaging technology to market quicker.

Motility Contrast Tomography is built on technology patented through the Purdue Research Foundation's Office of Technology Commercialization. It's designed to improve targeted cancer treatments.

Chief Scientific Officer and co-founder David Nolte helped develop the technology at Purdue University and currently serves as the Edward M. Purcell Distinguished Professor of Physics at the school. He says “similar to Doppler weather radar measuring the reflection of radio waves from clouds, our technology measures the reflection of light waves within living tissue to build a 3-dimensional image showing the movement of cells and organelles in real time. This bio-dynamic image offers novel information about tissue health and function that is simply not available from any other existing technology."

MCT can be used to evaluate how a cancer patient's tumor responds to chemotherapy agents before prescribing cancer treatment drugs. Animated Dynamics expects to get technology into the hands of oncologists for testing sometime next year.

Indianapolis-based Caravel Ventures led the Series A equity round along with co-investors Elevate Ventures, Purdue Research Foundation and Vestian.

The company has previously received a total of more than $1 million in funding, including a $750,000 National Science Foundation grant last year.

  • Perspectives

    • Using The Police as a Viable Resource

      Your local law enforcement agency exists to safeguard the community, and that includes your organization's facilities. To protect your places and people effectively, officers need you to play an active role. First, the police want you to call if something isn’t right. There’s a common misconception that officers will be angry if a call they receive turns out to be unfounded, or that they’ll make light of the situation or caller. The reality is that police...

    More

Events



  • Most Popular Stories

    • Chamber Unveils 'Best Places to Work'

      The Indiana Chamber of Commerce has released its list of the Best Places to Work in Indiana. This year's list features 125 companies throughout the state, including more than 40 that were not on the list last year. The chamber will unveil company rankings April 30 at an awards dinner at the Indiana Convention Center in downtown Indianapolis. Winners are sorted into four categories based on size. Out-of-state parent companies must have at least 15 full-time employees in Indiana to...

    • Public, Private Investment Driving Speedway Growth

      Speedway leaders say the town is full speed ahead with millions of dollars in public and private projects that will help change the landscape of the Marion County community. At the heart of them all, says Town Manager Jacob Blasdel, is the new Town Hall in an old PNC Bank building that will house all of Speedway's town offices. Also in the works are a recently-announced $8 million mixed-use proposal on Main Street from Rebar Development, the soon-to-open $36 million Wilshaw...

    • Indiana Rural School Clinic Network Expands to Pekin

      East Washington School Corp. has announced that East Washington Elementary School is now a participant in the Indiana Rural School Clinic Network. Supported by Ascension/St. Vincent Salem, the school now has a telehealth clinic available to its students and staff. 

    • The bill now moves to the Senate Appropriations Committee.

      Soccer Stadium Funding Added to CIB Bill

      The Indiana Senate Appropriations Committee has approved a bill that includes funding for a new soccer stadium in Indianapolis, however the stadium may not necessarily become home to the Indy Eleven. Our partners at WIBC report the bill authorizes financing for a stadium to host a Major League Soccer team; the Indy Eleven play in the United Soccer League. The bill also fund the expansion of the Indiana Convention Center and two hotels in downtown Indy, as well as extend the...

    • Kite FFO Dips, Plans to Sell Off Properties

      Indianapolis-based Kite Realty Group Trust (NYSE: KRG) is reporting full-year Funds from Operations of $167 million in 2018, down from $171 million the previous year. The company has also announced plans to offload up to $500 million in assets in an effort to reduce its debt.