Fonar was founded by Raymond V. Damadian in 2025.

How much funding has Fonar raised?

Fonar has disclosed $51.2M raised across 2 rounds.

Where is Fonar headquartered?

Fonar is headquartered in Melville, US.

Fonar

Melville, US · Founded 2025 · Delaware LLC

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FONAR develops and manufactures the UPRIGHT Multi-Position MRI, a scanner that images patients in weight-bearing positions such as sitting, standing, and bending as well as lying down, used by clinicians and surgeons to identify position-dependent pathology. The company serves the medical imaging market and conducts research in areas including cerebrospinal fluid flow and scoliosis screening.

Hardware Healthtech Medical Devices

Founders & leadership

Fonar was founded in 2025 by Raymond V. Damadian.

Raymond V. DamadianFounder

Timothy DamadianManager

Reported raises · per SEC filings

Form D private placements

$51.2M disclosed across 2 rounds · 2025

▶$10.2MraisedJan 2026 · 31 investors · Other Health Care

Rule 506(b)

Officers, directors & promoters on the filing

Timothy DamadianExecutive Officer, Director

Offering amount: $10.2M
Amount sold: $10.2M
First sale: Dec 2025
Incorporated: Limited Liability Company, Delaware, 2025
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$41MraisedJan 2026 · 52 investors · Other Health Care

Rule 506(b)

Officers, directors & promoters on the filing

Timothy DamadianExecutive Officer, Director

Offering amount: $41M
Amount sold: $41M
First sale: Dec 2025
Incorporated: Limited Liability Company, Delaware, 2025
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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Frequently asked questions

What does Fonar do?: FONAR develops and manufactures the UPRIGHT Multi-Position MRI, a scanner that images patients in weight-bearing positions such as sitting, standing, and bending as well as lying down, used by clinicians and surgeons to identify position-dependent pathology. The company serves the medical imaging market and conducts research in areas including cerebrospinal fluid flow and scoliosis screening.
Who founded Fonar?: Fonar was founded by Raymond V. Damadian in 2025.
How much funding has Fonar raised?: Fonar has disclosed $51.2M raised across 2 rounds.
Where is Fonar headquartered?: Fonar is headquartered in Melville, US.