NorthSpring Capital Partners

Mesosil is a healthcare technology company specializing in the development of responsive antimicrobial materials designed to prevent infection at the interface between medical devices and tissues. Their primary focus is on dental applications, aiming to improve patient outcomes by reducing recurrent caries, detachment of dental restorations, and peri-implant infections. Mesosil's innovative technology offers long-lasting antimicrobial effects without disrupting practitioners' workflows.

Noa Therapeutics is a preclinical biotechnology company specializing in the development of innovative, multimodal treatments for immune diseases. The company's approach involves creating a single, non-steroidal, small molecule with adjustable potency, targeting three distinct therapeutic pathways to simplify and enhance patient care.

Oncoustics is a company focused on enhancing clinical workflow through advanced artificial intelligence solutions aimed at non-invasive surveillance, diagnostics, and treatment monitoring of diseases with significant unmet clinical needs. Unlike competitors that rely on image recognition, Oncoustics utilizes AI to analyze raw ultrasound signals from readily available handheld devices, allowing for the rapid differentiation between healthy and diseased tissues. This innovative approach uncovers novel acoustic biomarkers that align with existing medical standards. Initially concentrating on liver disease, a market valued at $30 billion, Oncoustics has sought Breakthrough Device Designation from the FDA for its OnX system, designed to detect liver fibrosis, with further regulatory submissions underway. The company is also developing additional liver-related products and possesses clinical data for applications in various other organ conditions, including prostate, kidney, breast, and thyroid diseases and cancers.

Able Innovations is dedicated to developing advanced medical devices that address the critical issue of patient transfer in healthcare settings. By focusing on robotic technologies that automate labor-intensive tasks, the company enables a single caregiver to safely and efficiently laterally transfer a patient without physical exertion. This innovative approach enhances the quality of care, ensuring a dignified experience for both patients and caregivers. Additionally, Able Innovations' technology improves clinical throughput within healthcare facilities while reducing the risk of injuries to staff, ultimately transforming how patient transfers are conducted.

Rehabtronics is a medical technology firm specializing in the development and manufacture of devices aimed at facilitating physical rehabilitation following neurological injuries such as stroke or spinal cord injury. Their product suite includes intermittent electrical stimulation technology designed to prevent pressure injuries for individuals with mobility and sensation deficits, thereby enhancing recovery prospects.

Mesosil is a healthcare technology company specializing in the development of responsive antimicrobial materials designed to prevent infection at the interface between medical devices and tissues. Their primary focus is on dental applications, aiming to improve patient outcomes by reducing recurrent caries, detachment of dental restorations, and peri-implant infections. Mesosil's innovative technology offers long-lasting antimicrobial effects without disrupting practitioners' workflows.

FluidAI Medical is a medical platform company focused on enhancing global patient care through the innovative application of artificial intelligence in post-operative recovery. The company has developed a smart catheter system that fosters a proactive approach to post-operative care delivery. By utilizing data generated within the body, FluidAI's platform aids in the early detection of postoperative complications, allowing healthcare providers to access critical health information promptly. This technology aims to improve patient outcomes and streamline the management of post-operative recovery processes.

DarwinAI Corp. is a Canadian company that specializes in artificial intelligence technology, particularly in the development of deep neural networks for enterprise applications. Founded in 2017 and based in Waterloo, the company offers GenSynth, a software platform designed for developers and data scientists to streamline the deep learning development process. GenSynth employs generative synthesis technology, allowing for the automatic creation of optimized, explainable AI models that meet specific performance criteria while ensuring transparency throughout the development stages. Additionally, DarwinAI has developed an AI-powered visual quality inspection system aimed at enhancing the PCBA manufacturing lifecycle. This system leverages specialized optics and advanced algorithms to detect defects in products, improving quality and consistency while reducing costs for manufacturers.

Forcen Inc. is a Canadian company specializing in the development and manufacture of force-sensing film technology for various applications, including surgical robotics, industrial robotics, and the aerospace and defense sectors. Founded in 2015 and headquartered in Toronto, Forcen's innovative force-sensing film can be integrated into medical devices, enabling real-time force feedback for surgeons and enhancing precision during procedures. This technology accurately measures the forces applied at the tool's tip and wirelessly transmits this information, thereby improving operational safety and reducing complications. As a tier 1 supplier, Forcen also provides comprehensive sensing networks for robotics original equipment manufacturers (OEMs), facilitating advanced force and torque sensor systems.

Workwolf is a Toronto-based start-up specializing in background verification software aimed at enhancing the hiring process. Founded by a team with extensive experience in launching and managing successful start-ups, including a notable IPO, Workwolf focuses on addressing significant challenges in the employment market, particularly applicant filtration and resume verification. The company leverages blockchain and artificial intelligence technology to provide employers with verified candidate profiles, thereby reducing the risk of resume fraud. This innovative solution not only speeds up the hiring process but also minimizes manual tasks and the likelihood of mis-hires. Recognized for its market potential and innovation, Workwolf is preparing for a Seed financing round to further develop its offerings.

Yourika Labs is a Canadian company based in Waterloo, established in 2016, that specializes in developing artificial intelligence-based platforms focused on enhancing online learning experiences. By leveraging extensive AI research from the University of Waterloo, the company has created its proprietary platform, ORBITS, which aims to improve remote learning for high school, university, and college students. The platform offers real-time personalized content for STEM subjects, identifying specific learning gaps and providing machine-powered tutoring that mimics human interaction. Additionally, it delivers valuable learning analytics to instructors, facilitating better engagement between students and teachers while optimizing time management in the educational process.

Forcen Inc. is a Canadian company specializing in the development and manufacture of force-sensing film technology for various applications, including surgical robotics, industrial robotics, and the aerospace and defense sectors. Founded in 2015 and headquartered in Toronto, Forcen's innovative force-sensing film can be integrated into medical devices, enabling real-time force feedback for surgeons and enhancing precision during procedures. This technology accurately measures the forces applied at the tool's tip and wirelessly transmits this information, thereby improving operational safety and reducing complications. As a tier 1 supplier, Forcen also provides comprehensive sensing networks for robotics original equipment manufacturers (OEMs), facilitating advanced force and torque sensor systems.

Underknown is a Toronto-based digital media company that focuses on producing short-form web series for social video platforms. The company specializes in creating data-driven content that simplifies complex subjects related to science, history, geography, and culture, aiming to educate and inspire creative thinking among its audience. Underknown's mission is to deliver fun and engaging educational material that enhances understanding of various topics, allowing viewers to explore hypothetical worlds and possibilities through its diverse range of documentary-style content. By leveraging multiple social media channels, Underknown effectively reaches a global audience with its innovative approach to digital storytelling.

CalendarHero is a company that specializes in developing a digital assistant application aimed at enhancing workplace productivity by minimizing distractions from operational tasks. Its automated virtual assistant streamlines various office functions, including meeting scheduling, workload management, and contact list organization. By setting reminders and storing essential background information, CalendarHero's platform enables enterprise managers to efficiently manage their time and resources, significantly improving overall productivity within organizations.

Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.

SSIMWAVE Inc. is a software company specializing in video quality monitoring, diagnosis, and perceptual video compression, catering primarily to the media, communication, and entertainment industries. Founded in 2013 and based in Waterloo, Canada, SSIMWAVE develops innovative solutions such as the Video QoE Monitor and Video QoE Monitor Live, which assess and optimize video quality for on-demand and live broadcasts, respectively. Their Perceptual Stream Optimizer enhances video encoding processes to ensure consistent quality across various platforms, while Smart Video Streaming employs a quality-driven approach to adaptive streaming. The company's video experience automation platform integrates with existing workflows to provide actionable viewer experience data, enabling organizations, including leading Hollywood studios, to streamline quality assurance processes and effectively address video quality issues across all formats.

RYSE, formerly known as AXIS Labs, Inc., specializes in the automation of window shades through its innovative product, Gear. This device allows users to motorize and automate their existing window shades quickly and efficiently. Gear has been recognized as the 2017 Motorized Product of the Year by the Consumer Technology Association, highlighting its impact in the industry. The accompanying mobile application, compatible with both iOS and Android platforms, enables users to control and schedule their shades conveniently from their smartphones. Headquartered in Toronto, with additional offices in New York City and Shenzhen, RYSE aims to revolutionize the window shade market by integrating smart technology into everyday products.

Intellijoint Surgical Inc. is a Canadian medical device company founded in 2010 and headquartered in Waterloo, Canada. The company specializes in orthopedic surgical solutions, particularly with its flagship product, Intellijoint HIP. This miniaturized system aids orthopedic surgeons in the selection, positioning, and alignment of implants during hip replacement surgeries. Utilizing a combination of hardware and software, the device incorporates miniature optical sensors and microelectronics to provide quantitative intra-operative data on cup position, leg length, and offset. By offering this real-time feedback, Intellijoint HIP enhances surgical accuracy and improves patient outcomes while minimally impacting surgical workflow. The system is designed to be cost-effective and user-friendly, adding approximately 3-5 minutes to the surgical procedure. Intellijoint Surgical's innovations in orthopedic navigation have garnered recognition, including the North American Frost & Sullivan Enabling Technology Leadership Award in 2016.

KA Imaging Inc., founded in 2015 and based in Waterloo, Canada, specializes in designing and manufacturing advanced X-ray detectors for both medical and non-medical applications. The company's portfolio includes static X-ray detectors for identifying faults in pipes, dual-energy detectors for baggage screening at airports, dynamic detectors for inspecting engines with moving parts, and mammography detectors. Notably, KA Imaging has developed the world's first portable dual energy subtraction X-ray detector, which uses clinically proven technology to enhance sensitivity in detecting diseases such as pneumonia, nodules, fractures, and verifying catheter positions. This device, known as Reveal, has received FDA 510(k) clearance and is sold globally. The company employs a team of 20 full-time and 10 part-time/contract employees and holds 52 global patents and 17 issued US patents.

HTBASE is a developer of a composable operating system designed for medium and large enterprises, focusing on software-defined multicloud environments. The company offers a unique IT infrastructure solution that transforms compute, storage, and network resources into a flexible and scalable pool. This hardware-agnostic platform allows organizations to efficiently manage their technology operations and adapt to changing demands. By streamlining processes, HTBASE empowers IT teams to enhance service delivery and create greater value within their organizations. The company's innovative product offerings facilitate a more agile and cost-effective transition to cloud computing, enabling clients to optimize their IT capabilities.

Synergy Disc Replacement Inc(SDRI) produces Cervical disc implant to restore patient's balance, range of motion and alignment.

Perimeter Medical Imaging AI is a medical technology company focused on revolutionizing cancer surgery through the development of ultra-high-resolution, real-time imaging tools. These advanced imaging solutions are designed to address significant unmet medical needs in the surgical field, enhancing the ability to detect and delineate cancerous tissues during procedures. By improving the accuracy of surgical interventions, Perimeter aims to optimize patient outcomes and contribute to more effective cancer treatment strategies.

Founded in 1996, directworx (formerly Pegasus Direct Mail Worx) offers state-of-art response technologies for direct mail and transactional mail campaigns encompassing all aspects of creative, data cleansing, dynamic imaging and delivery electronically or through postal services