image32 is a revolutionary, HIPAA compliant platform that allows you to store your medical images on the cloud. Both medical professionals and patients can access over 500 million procedures at the touch of a button. All of the images are encrypted and secured safely on the cloud. The software generates an audit trail which provides valuable information to FDA related drug and device companies as well as health organizations. image32 is the only platform on the market that has a global infrastructure, allows real time conferencing, is HTML5 compatible, and can optimize for low bandwidths.
Patients now have the ability to store and share their images in a way they never have before. This allows them to more easily obtain second opinions and expert reviews from other doctors as well as learn about their exposure to radiation.
Doctors experience a more smooth, streamlined process as they no longer need to search through hundreds of CDs. image32 also allows them to collaborate in real-time conferences and get reviews from other colleagues. Most importantly - they can earn more money from new referrals and second opinions from patients.
Currently, the 10,000+ users in over 20 countries have uploaded an aggregate of 300,000 images. There are 60 paying customers, and the company continues to rapidly grow.
The image32 founding team is made up of "Doctor, Designer, Developer".
The Doctor: Alexander Flint is a neurointensivist in Redwood City, CA. Alex deals with medical images daily in his ICU. When patients come in from other institutions, their images come on CD, or not at all. The CDs often don't work, leading to unnecessary repeat imaging, and wasted time. Alex began building image32 and enlisted the help of his friend Bob Pellican, a UX Designer (we make software easy to use).
The Designer: Bob had previously lead UX Design at two successful SaaS enterprise software companies: SuccessFactors and C3 Energy. When Bob saw the software that Alex uses daily, he saw the opportunity to bring great user experience to healthcare, and disrupt this sleeping giant that is medical software. Bob enlisted the help of the best engineer he had worked with during his years in enterprise software.
The Developer: Wencheng Li is a software architect and all around product expert who first worked with Bob 14 years ago at designworks in San Jose. Since then, Wencheng went on to develop a video genome search product and a front-end framework at Orange Labs, before joining Bob and Alex at image32.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by image32. Once image32 accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to image32 in exchange for your shares. At that point, you will be a proud owner in image32.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Because image32 is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now image32 does not plan to list these shares on a national exchange or another secondary market. At some point image32 may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when image32 either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is image32's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in image32’s profile.