
Multiwave Technologies AG is a science and technology innovator in metamaterials, artificial intelligence, and medical imaging, aiming to make MRI accessible globally with its ultra-low field mobile device, MGNTQ™. The device, weighing just over 200kg, is designed for mobility and affordability, facilitating imaging in remote areas and within hospitals. It offers a 5-10x more affordable solution than conventional MRI scanners, with a subscription-based model planned post-regulatory approval. MGNTQ™ requires no specialized infrastructure, minimal maintenance, and consumes low power, fitting in a small office. It also prioritizes patient comfort with low acoustic noise and a design that avoids a long tunnel, making it suitable for sensitive patients. The company has secured significant partnerships with institutions like Aix-Marseille University, Mount Sinai Hospital, and the University of Sussex, and has licensed ultra-low field MRI technology from LUMC.

Multiwave Technologies AG is a science and technology innovator in metamaterials, artificial intelligence, and medical imaging, aiming to make MRI accessible globally with its ultra-low field mobile device, MGNTQ™. The device, weighing just over 200kg, is designed for mobility and affordability, facilitating imaging in remote areas and within hospitals. It offers a 5-10x more affordable solution than conventional MRI scanners, with a subscription-based model planned post-regulatory approval. MGNTQ™ requires no specialized infrastructure, minimal maintenance, and consumes low power, fitting in a small office. It also prioritizes patient comfort with low acoustic noise and a design that avoids a long tunnel, making it suitable for sensitive patients. The company has secured significant partnerships with institutions like Aix-Marseille University, Mount Sinai Hospital, and the University of Sussex, and has licensed ultra-low field MRI technology from LUMC.
Headquarters: Geneva, Switzerland
Product: MGNTQ™ ultra-low field mobile MRI device and AI imaging software
Founded: 2015
Founders: Tryfon Antonakakis; Panos Antonakakis
Employee count: 17
USD 27,168,005
Making MRI imaging more accessible and affordable through portable ultra-low field hardware and AI software.
2015
DeepTech
CHF 3.8M
Two consecutive capital increases in July–August 2023 led by Ava Investors; Ava Investors holds board representation (Barthelemy Debray).
CHF 23M
Company-stated total raised split as CHF 11.5M dilutive + CHF 11.5M non-dilutive.
“Ava Investors participation and board representation; grants/non-dilutive funding from public sources referenced (European Commission/Horizon 2020) suggest a mix of private and public funding.”