ALung Technologies

ALung Technologies

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Develops intra and extracorporeal gas exchange devices for the treatment of acute and chronic respiratory disorders. Learn more
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DateInvestorsAmountRound
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N/A

-

N/A

Spinout
N/A

$1.2m

Angel
N/A

$990k

Angel
N/A

$510k

Angel
N/A

$2.6m

Late VC

$14.0m

Series A
N/A

$8.8m

Late VC

$10.0m

Series B

$5.0m

Grant

$15.8m

Series B

$10.0m

Series B

$36.0m

Series C

$37.5m

Series C
N/A

$5.0m

Series D
N/A

$3.3m

Late VC
N/A

$2.0m

Debt
N/A

$5.4m

Debt

$4.6m

Late VC
*

$10.0m

Valuation: $10.0m

Acquisition
Total Funding$155m

Recent News about ALung Technologies

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ALung Technologies is a pioneering company in the medical device industry, specializing in the development of advanced solutions for treating respiratory failure. The company’s flagship product, the Hemolung Respiratory Assist System (RAS), offers a dialysis-like alternative or supplement to mechanical ventilation. This innovative system, originally developed at the University of Pittsburgh, directly removes carbon dioxide from the blood of patients suffering from acute respiratory failure, providing a critical lifeline for those in severe respiratory distress.

ALung primarily serves hospitals and healthcare providers who treat patients with acute respiratory conditions. The market it operates in is the medical device sector, specifically focusing on respiratory care. Given the increasing prevalence of respiratory diseases and the ongoing COVID-19 pandemic, the demand for effective respiratory support systems has surged, positioning ALung favorably within this growing market.

The company’s business model revolves around the development, manufacturing, and sale of its Hemolung RAS device. Revenue is generated through the direct sale of these devices to healthcare institutions, as well as through ongoing service and maintenance contracts. Additionally, ALung may engage in partnerships or licensing agreements to expand the reach and application of its technology.

ALung’s leadership team comprises experienced professionals in the medical and technological fields, supported by a board of directors and advisors who bring a wealth of industry knowledge. The company stays engaged with its stakeholders through regular updates in its newsroom, featuring news, user reports, webinars, and investment information.

In summary, ALung Technologies is at the forefront of respiratory care innovation, providing life-saving solutions to healthcare providers and patients. Its advanced medical devices, particularly the Hemolung RAS, address a critical need in the treatment of respiratory failure, making it a key player in the medical device market.

Keywords: respiratory failure, medical devices, Hemolung RAS, carbon dioxide removal, acute respiratory distress, healthcare providers, innovation, University of Pittsburgh, mechanical ventilation alternative, respiratory care.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.