Full-Time

Product Engineer

Posted on 9/21/2023

Promaxo

Promaxo

51-200 employees

Provides compact MRI solutions for urology

Biotechnology
Healthcare

Junior

Oakland, CA, USA

Category
Product
Requirements
  • Bachelor of Science in Biomedical/Bio Engineering, or related discipline& 1-2years of work experience
  • Experience conductinghands-on evaluation testing in a pre-clinical laboratorysetting
  • Ability to communicate ideas and related technical information to team members
  • Ability to travel to customer sites as needed
Responsibilities
  • Develop expertise in Promaxo MRI and robotic systems
  • Create and implement test protocols and methods for evaluating productrequirements
  • Conductanalytical studies, including usability, performance, and design assessments
  • Actively support clinical procedures in the field and report feedback to product management
  • Generate white papers andeducate cross-functional teams on product workflow
  • Collaborate effectively with all stakeholders to ensure project success
  • Lead system integration testing and verification efforts
  • Foster collaboration and influence cross-functional teams to achieve business objectives
  • Uphold high-quality standards and hold team members accountable for results

Promaxo provides MRI solutions specifically designed for prostate imaging and image-guided biopsies. Their MRI system is compact and modular, allowing private medical practices, especially those in urology, to perform scans on-site without the need for extensive facility upgrades. This system uses low magnetic fields to generate high-quality images quickly and comfortably for patients. Unlike traditional MRI systems, Promaxo's technology is more accessible and cost-effective, enabling practices to avoid referring patients to external imaging centers, which reduces wait times and enhances patient care. The company differentiates itself with a strong intellectual property portfolio and a business model that allows clinics to recover the cost of the MRI system in less than a year. Promaxo's goal is to improve the quality of care in medical imaging by making MRI technology more available and affordable for healthcare providers.

Company Stage

Seed

Total Funding

$48.1M

Headquarters

Oakland, California

Founded

2016

Growth & Insights
Headcount

6 month growth

6%

1 year growth

4%

2 year growth

8%
Simplify Jobs

Simplify's Take

What believers are saying

  • Promaxo's compact MRI systems reduce patient wait times and improve care efficiency.
  • The company benefits from existing CPT codes, aiding quick capital cost recovery.
  • Promaxo's strong IP portfolio with 60 patents supports its innovative edge.

What critics are saying

  • Increased competition in the portable MRI market may impact Promaxo's market share.
  • Reliance on AI systems exposes Promaxo to data privacy and regulatory compliance risks.
  • Expansion into new markets may strain operational resources and create logistical challenges.

What makes Promaxo unique

  • Promaxo offers the first FDA-cleared portable MRI for prostate biopsy and treatment.
  • Their MRI systems require no extensive facility upgrades, unlike traditional MRI systems.
  • Promaxo's technology integrates AI and robotics for enhanced patient care and diagnostics.

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Benefits

Health

Family

Community Activties

Convenience

Time Away

Growth

INACTIVE