Voxelgrids

What Voxelgrids does

Voxelgrids Innovations Private Limited is an Indian medical device company headquartered in Bengaluru that has developed India's first fully indigenous 1.5 Tesla Magnetic Resonance Imaging (MRI) scanner. Founded by Arjun Arunachalam following more than a decade of R&D initially funded through grants from Spring Singapore, BIRAC, and the US-India Science & Technology Endowment Fund, the company's core technology is a compact, helium-free MRI scanner using a liquid nitrogen-cooled dry magnet design that weighs 2-3 tonnes versus the traditional 6 tonnes and is engineered for resilience to India's unstable power infrastructure. The scanner is priced approximately 40% below imported 1.5T systems from global OEMs, targeting affordability for hospitals and diagnostic centers as well as mobile deployment in rural and tier 2/3 healthcare facilities.

The product stack spans the full MRI subsystem layer: 1.5T superconducting magnets, gradient coils, high-density RF antennas and body coils, custom spectrometers, pulse sequence software, image reconstruction algorithms, embedded systems software, and compact patient handling systems. The company holds ISO 13485:2016 certification and KSPCB environmental clearances, and operates a Peenya Industrial Area facility in Bengaluru that combines R&D and manufacturing.

Voxelgrids generates revenue through hardware sales of MRI scanners (stationary and mobile configurations), pay-per-use subscription pricing for affordability-oriented customers, and ongoing installation and field service contracts. Distribution is currently direct enterprise sales supplemented by healthcare foundation partnerships (Tata Trusts, Sathya Sai Institute), with the company exploring export opportunities post-commercial launch. Its customer base is concentrated in Indian healthcare providers, with first commercial deployment at Chandrapur Cancer Care Foundation near Nagpur and a reported full order book entering early 2026.

Name

Voxelgrids

Legal name

Voxelgrids Innovations Private Limited

Website

https://voxelgrids.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Voxelgrids is an Indian medical device company that designs and manufactures India's first indigenous 1.5 Tesla MRI scanner with a helium-free dry magnet design, serving hospitals, diagnostic centers, and rural healthcare facilities at approximately 40% below the price of imported systems.

Ownership category

akta.pro rank

Product category

Medical Imaging Equipment

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)

SIC

Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Magnetic Resonance Imaging (MRI) Systems (HLAHABAC)

akta.pro secondary industry

Portable, Mobile & Point-of-Care Imaging Systems (HLAHABAL)

Keywords

• Magnetic resonance imaging
• Medical imaging scanners
• Helium-free MRI systems
• Diagnostic imaging equipment
• Mobile MRI solutions

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. MRI Scanner Sales: Sale of indigenous 1.5 Tesla MRI scanners to hospitals and diagnostic centers. Scanners are available in stationary and mobile configurations.
2. Pay-per-use Model: Subscription-style pay-per-use business model to improve affordability for smaller healthcare institutions, allowing usage-based payments rather than large capital expenditure.
3. Installation and Service: Field installation of MR scanners and ongoing service/maintenance support including preventive maintenance and service calls.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Voxelgrids designs, manufactures, and sells an indigenous 1.5 Tesla Magnetic Resonance Imaging (MRI) scanner built around a helium-free dry magnet cooled with liquid nitrogen, making it significantly lighter, more affordable, and resilient to global helium supply disruptions than conventional systems. The compact 2–3 tonne scanner is sold in stationary and mobile configurations to hospitals, diagnostic centres, and rural healthcare institutions in India, with a pay-per-use option to broaden access for smaller facilities.

Product overview

Voxelgrids offers a single core product: an indigenous 1.5 Tesla MRI scanner. This compact, lightweight, full-body scanner represents India's first domestically-developed MRI technology. The product features a helium-free 'dry magnet' design that reduces manufacturing costs by approximately 40% compared to competitors, weighs 2-3 tonnes versus the traditional 6 tonnes, and can be deployed in both stationary hospital settings and mobile configurations. The scanner uses liquid nitrogen cooling technology and is engineered for resilience to India's unstable power infrastructure. Voxelgrids operates on a pay-per-use business model to improve affordability for smaller healthcare institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• 1.5 Tesla MRI Scanner India's first indigenous compact, lightweight, full-body 1.5 Tesla MRI scanner available in stationary and mobile configurations; uses a helium-free dry magnet cooled by liquid nitrogen, reducing manufacturing cost by ~40% versus competitors and weight to 2–3 tonnes from ~6 tonnes, and is designed for resilience to India's power infrastructure. Sold to hospitals, diagnostic centres, cancer-care institutions and rural healthcare facilities, with installation, commissioning and ongoing service support.

Quantifiable outcome

• 40% cost reduction compared to traditional MRI scanners
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Tata TrustscoreStrategic or Co-development PartnerContacted Tata Trusts in 2016 to share proposal for building cost-effective MRI scanners. Trusts were supportive and introduced Arjun to Foundation for Innovation and Social Entrepreneurship (FISE). Tata Trusts continues to provide support to the company.
• Foundation for Innovation and Social Entrepreneurship (FISE)coreStrategic or Co-development PartnerVoxelgrids journey started under FISE where the core team was employed during initial years. Proto-MRI scanner developed while team worked as FISE employees. FISE nominee Manoj Kumar serves on the board.
• The Sathya Sai Institute of Higher Medical SciencescoreStrategic or Co-development PartnerMoU signed for proto-MRI scanner deployment at institute in Bengaluru in mid-2017. First set of images from scanner obtained in March 2018. Continued partnership for clinical validation.
• US Commercial Service (USS)minorStrategic or Co-development PartnerListed as innovation partner on Voxelgrids website.
• IIT BombayminorStrategic or Co-development PartnerFounder Arjun Arunachalam worked as Assistant Professor at IIT Bombay from 2009-2010 in electrical engineering, continuing MRI research despite challenges in nascent field.
• University of Wisconsin-MadisonminorStrategic or Co-development PartnerFounder Arjun Arunachalam studied at University of Wisconsin-Madison, receiving MS and PhD degrees in electrical engineering, providing foundational expertise for MRI development.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Philips Healthcare: Competes with Ingenia 1.5T MRI systems in the Indian hospital market. Faces the same helium supply constraints that Voxelgrids' dry magnet design avoids.
• Siemens Healthineers: Global MRI leader offering MAGNETOM family of 1.5T and 3T scanners. Directly competes with Voxelgrids in the Indian mid-market but operates at vastly greater scale with full imaging portfolios.
• Canon Medical Systems: Offers Vantage Galan 1.5T MRI systems and competes in emerging markets. Comparable product positioning in mid-tier hospital segments targeted by Voxelgrids.
• GE HealthCare: Major MRI OEM with SIGNA and OPTIMA 1.5T systems, founded in the same tradition as Voxelgrids' founder's former employer (GE Global Research). Provides reference architecture for indigenous MRI challengers.
• Fujifilm Healthcare: Provides ECHELON Smart and other 1.5T MRI scanners, including heritage Hitachi MRI technology. Competes across hospital tiers in Asia and globally.

Emerging players

• Aspect Imaging: Israel-based developer of compact Embrace neonatal MRI systems and preclinical MRI. Comparable compact-form-factor MRI approach targeting specialized clinical settings.
• United Imaging Healthcare: China-based MRI and imaging OEM with cost-competitive 1.5T systems (uMR 580 etc.) and rapidly expanding global footprint, comparable to Voxelgrids as a non-incumbent challenger targeting price-sensitive markets.
• Synaptive Medical: Canada-based MRI technology company offering Evry 1.5T head-only MRI with compact footprint. Comparable in product philosophy of compact, accessible MRI systems for specialized clinical use.
• Hyperfine: US-based maker of the Swoop portable 0.064T MRI scanner, focused on point-of-care and bedside imaging. Shares Voxelgrids' mobile/compact form-factor philosophy, though at much lower field strength.
• Time Medical Systems: Singapore-origin MRI developer focused on cost-effective 1.5T and dedicated systems for emerging markets. Direct comparable as an Asia-based indigenous MRI challenger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/voxelgrids
• LinkedInlinkedin.com/company/voxelgrids-innovations-pvt-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Voxelgrids