Company overview
Raydiant Oximetry is a privately held medical device company based in San Ramon, California, founded in 2016 by pediatric anesthesiologist Neil P. Ray, MD. Michael Nagel became CEO in September 2025, with Ray transitioning to a strategic advisory role.
The current fetal-monitoring portfolio comprises Nirah, a direct fetal sensor, and Lumerah, an external transabdominal platform. Both are in development. Earlier company materials also describe Daisy, a uterine drainage device; its current regulatory scope and commercial availability require reconciliation.
Raydiant and GE HealthCare announced a joint development initiative in May 2025. The company has reported studies at Eastern Virginia Medical School and LSU Health Shreveport, alongside venture financing, grants and prize funding. Clinical-study participation and development partnerships do not establish commercial adoption.
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Activity & Milestones
10 events2026-06-15 · ClinicalLSUHS pilot reaches first 15 patients
Company reported over 40 hours of fetal oximetry data and FDA permission to expand the study to 30 patients. This is an enrollment update, not marketing clearance or proof the study remains recruiting. [24]
2025-10-20 · Clinical35-patient early-feasibility completion reported
Company described fetal signal collection at EVMS with clinicians blinded to oximetry readings. Wire publication date used; company website lists October 16. Not a demonstration of improved birth outcomes. [20]
2025-09-16 · LeadershipMichael Nagel appointed CEO
Nagel succeeded founder Neil Ray, who transitioned to a strategic advisory role. [19]
2025-08-23 · ResearchPreclinical optical sensing research published
Rice University and Raydiant-affiliated authors reported time-domain NIRS experiments involving simulations, phantoms, a human forearm and a pregnant ewe. Findings do not establish clinical outcomes in laboring patients. [11]
2025-05-13 · PartnershipGE HealthCare development collaboration announced
Partners announced plans to co-develop integration of fetal oximetry with GE fetal monitoring and perinatal surveillance platforms. Agreement terms were undisclosed; no distribution relationship or commercial launch established. [10]
2024-11-01 · Award$750,000 RADx Tech challenge first prize announced
Raydiant reported first place in the NIH RADx Tech Fetal Monitoring Challenge. Original release date retained rather than later website listing date. [18]
2024-09-24 · Grant$1 million Gates Foundation grant announced
Company reported grant support for Lumerah development and use of early-feasibility study data. [17]
2024-06-04 · Funding$7.5 million Series A3 extension announced
Company announced an oversubscribed extension led by Cross-Border Impact Ventures, with RH Capital, Global Health Impact Fund, VCapital and March of Dimes Innovation Fund participating. Proceeds supported fetal-monitoring and Daisy studies. [22]
2023-02-07 · FundingMarch of Dimes investment announced
Company announced an undisclosed March of Dimes Innovation Fund investment to begin Series B financing; a completed round is not established. [15]
2016 · CompanyCompany founded
LinkedIn lists 2016 as the founding year. [23]