Profound Medical
IPOPublic · Mississauga, Canada · Founded 2008 · $88.0M raised
- Headquarters
- Mississauga
- Employees
- 51–200
- Founded
- 2008
- Business Model
- B2B
- Website
- profoundmedical.com
- Total Funding
- $88.0M
- Last Round
- $40.0M Corporate RoundDec 2025
- Rounds
- 4
- Type
- Public
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Profound Medical develops customizable, incision-free therapies which combine real-time Magnetic Resonance (MR) imaging, thermal ultrasound and closed-loop temperature feedback control for the radiation-free ablation of diseased tissue. The company commercializes TULSA-PRO, which combines real-time MRI, robotically-driven transurethral ultrasound and closed-loop temperature feedback to ablate a surgeon-defined prostate volume while protecting the urethra and rectum. Profound also commercializes Sonalleve, a CE-marked therapeutic platform for uterine fibroids and palliative pain treatment of bone metastases.
Summary
Profound Medical is a Healthcare company based in Mississauga, Canada, founded in 2008. It has raised $88.0M in total across 4 rounds, most recently a $40.0M Corporate Round in Dec 2025. Investors include Lake Street Capital, Genesys Capital and Raymond James.
Tech & App Stack
8 technologies & apps tracked
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Funding & Exit History
Dec 2025
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Funding: Series A through Corporate Round. Amounts, valuations, and investors where available.
Investors
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