Spectral MD - About the company
Spectral MD is a public company based in Dallas (United States), founded in 2009 by Michael DiMaio. It operates as a Develops of AI-based wound imaging system. Spectral MD has raised $1.07M in funding. The company has 16 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like MolecuLight, Kent Imaging and ARANZ Medical.
Company Details
Develops of AI-based wound imaging system. Its flagship product DeepView Wound Imaging System is an imaging device that captures visible and infrared images of burns, chronic wounds, and other pathological conditions of the skin.
Key Metrics
Founded Year
2009
Location
Dallas, United States
Stage
Public
Total Funding
$1.07M in 7 rounds
Latest Funding Round
Investors
Ranked
3rd among 16 active competitors
Annual Revenue
$10M - $50M as on Dec 31, 2025
Employee Count
83 as on Sep 30, 2026
Similar Companies
Exit Details
Public
Legal entities associated with Spectral MD
Spectral MD is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Spectral Ai, Inc. CIN: 1833498 , United States, Active | $10M - $50M (As on Dec 31, 2025) | 71 (As on Dec 31, 2022) | - |
Spectral MD's IPO details
Spectral MD got listed on Jun 22, 2021.
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Spectral MD's funding and investors
Spectral MD has raised a total funding of $1.07M over 7 rounds. Its first funding round was on Mar 11, 2011. Its latest funding round was a Grant (prize money) round on Apr 18, 2023 for $*****. 1 investor participated in its latest round. Spectral MD has 5 institutional investors.
Here is the list of recent funding rounds of Spectral MD:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 18, 2023 | 8260654 | Grant (prize money) | 1062931 | 4937739 | 8350881 | 1744395 |
Aug 30, 2022 | 6103000 | Grant (prize money) | 1158777 | 5944828 | 5972309 | |
Sep 06, 2021 | 5531493 | Grant (prize money) | 4884489 | 4675386 | 8255069 |
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Spectral MD's founders and board of directors
Founder? Claim ProfileThe founders of Spectral MD is Michael DiMaio. Michael DiMaio is the CEO of Spectral MD.
Here are the details of Spectral MD's key team members:
- Michael DiMaio: Founder & CEO of Spectral MD. Contact Info: 1 email address
View details of Spectral MD's Founder profiles and Board Members
Spectral MD's employee count trend
Spectral MD has 83 employees as of Sep 26. Here is Spectral MD's employee count trend over the years:
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Spectral MD's Competitors and alternates
Top competitors of Spectral MD include MolecuLight, Kent Imaging and ARANZ Medical. Here is the list of Top 10 competitors of Spectral MD, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | MolecuLight 2013, Toronto (Canada), Series D | Provider of point of care device for wound assessment | $43.2M | 57/100 | |
2nd | Kent Imaging 2006, Calgary (Canada), Series B | Provider of near-infrared imaging solutions for wound care | $15M | 47/100 | |
3rd | Spectral MD 2009, Dallas (United States), Public | Develops of AI-based wound imaging system | $1.07M | 42/100 | |
4th | ARANZ Medical 1995, Christchurch (New Zealand), Late Stage | 3D scanning applications for wound care and orthotics/prosthetics. | $3.4M | 33/100 | |
5th | Developer of a medical system for treating wounds | - | 30/100 | ||
6th | WoundVision 2006, Indianapolis (United States), Unfunded | Wound imaging and documentation solutions to standardize assessment and streamline workflows | - | - | 29/100 |
7th | Eykona Technologies 2007, Oxford (United Kingdom), Late Stage | Provider of portable 3D imaging systems for dermatological applications | $1.86M | 27/100 | |
8th |  Halo Biologics 2022, West Palm Beach (United States), Unfunded | Developer of medical device products for wound care and orthopedic applications | - | - | 26/100 |
9th | RastaCare Meditech 2020, Canada, Unfunded | Developer of non-invasive imaging devices for the diagnosis of wounds | - | - | 24/100 |
10th | _1572946896492.png?devicePixelRatio=2&height=30&width=30){kind=logo} Omnidermal 2017, Parma (Italy), Funding Raised | Developer of an AI enabled wound monitoring device | - | 24/100 |
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Spectral MD's Investments and acquisitions
Spectral MD has made no investments or acquisitions yet.
Reports related to Spectral MD
Here is the latest report on Spectral MD's sector:
News related to Spectral MD
Filter this list•
Artificial Intelligence-Driven Predictive Medical Diagnostics Company Spectral MD Announces Closing of Business CombinationGlobeNewswire•Sep 12, 2023•Spectral MD, Rosecliff
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Spectral MD receives certification for DeepView wound imaging systemMorningstar•Aug 15, 2023•Spectral MD
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Spectral MD Holdings, Ltd (“Spectral MD” or the “Company”) Completion of ISO 13485 Certification AuditBusiness Wire•Jun 20, 2023•Spectral MD
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Spectral MD Holdings, Ltd. $4.0 Million Grant Award from the Medical Technology Enterprise ConsortiumBusiness Wire•Apr 19, 2023•Spectral MD, MTEC
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Spectral MD expects to complete Rosecliff tie-up in third quarterMorningstar•Apr 19, 2023•Spectral MD, Rosecliff
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Spectral to list on Nasdaq via merger with Rosecliff, delist from AIMMorningstar•Apr 11, 2023•Spectral MD
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Spectral MD Announces U.S. Burn AI Clinical Training Study Enrollment CompletionACCESSWIRE•Mar 27, 2023•Spectral MD
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Spectral MD Announces Positive Interim Results From DFU Clinical Study & Burn Clinical Study UpdateNewswire•Jan 18, 2023•Spectral MD
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