Cernostics Inc

PITTSBURGH, PA · Founded 2008 · CIK 0001474724 · Medtech · Acquired

TissueCypher, a multiplexed fluorescence imaging and image analysis system for tissue biomarker quantification to predict esophageal cancer risk in Barrett's esophagus patients

cernostics.com →
Grants
$2.5M
3 awards
Sector median: 1
Raised
$16M
8 Form D · Aug 2021
62 months since last filing
Contracts
—
No federal contracts on record
Patents
9
4 granted · 5 pending
Sector median: 2

Capital Timeline

Federal above the line · equity below · node area scaled to amount
Capital and federal award history
DateEventSourceAmount
Private capital raisedForm D · SEC$393,600
Private capital raisedForm D · SEC$2,619,360
Private capital raisedForm D · SEC$125,000
Private capital raisedForm D · SEC$1,422,798
Private capital raisedForm D · SEC$1,962,678
Federal grant· 1 of 2 same dayDepartment of Health and Human Services · Phase II · TissueCypher Testing for Risk Assessment in Barretts Esophagus$624,917
Federal grant· 2 of 2 same dayDepartment of Health and Human Services · Phase II · TissueCypher Testing for Risk Assessment in Barretts Esophagus$1,231,312
Federal grantDepartment of Health and Human Services · Phase II · TissueCypher Testing for Risk Assessment in Barretts Esophagus$606,395
Private capital raisedForm D · SEC$1,300,000
Private capital raisedForm D · SEC$2,499,997
Private capital raisedForm D · SEC$5,981,569
Federal grant · SBIR/STTRForm D · SEC

Peer position

Medtech · 4531 companies · ranked on federal contract value
Medtech companies ranked by federal contract value
#CompanyContractsDisclosed equity
890LiveBx, LLC——
891PHARMACOPHOTONICS, INC.—$7.0M
892STRATEGIC PACING SYSTEMS LLC——
893Cernostics Inc—$16M
894Sanuwave, Inc.—$1.4M
895UNITED ORTHOPEDIC GROUP, INC.—$2.1M
896OPTIMOTION IMPLANTS LLC—$2.3M

Ranked on federal contract value rather than capital raised. The equity column is the comparison worth making — companies at the same procurement position often sit at very different points in their funding history.

Founders & Team

From Form D filings · 20 related persons
  • James DatinDirector
  • Prince DeniseDirector
  • Noel DohenyDirector
  • Gregg FergusDirector
  • Steve GrenfellDirector
  • Michael HoerresDirector · Executive Officer
  • Courtland LongestDirector
  • Matthew MalenfantDirector
  • Rosemary MazanetDirector
  • LeRoy MetzDirector
  • Dean MillerDirector
  • Michel NederlofDirector · Executive Officer
  • James PetersDirector
  • Jim PetersDirector
  • Franklyn PrendergastDirector
  • Jack ReynoldsDirector
  • Paul SchmittDirector
  • D. TaylorDirector
  • Paul TouheyDirector
  • Tom WilliDirector

Patents

USPTO · 4 granted of 9

Regulatory activity · Medtech

Sector-level, not company-level

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.