Fonar
Melville, US · Founded 2025 · Delaware LLC
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.
Founders & leadership
Fonar was founded in 2025 by Raymond V. Damadian.
RV
Raymond V. DamadianFounder
TD
Timothy DamadianinManager
Reported raises · per SEC filings
Form D private placements$51.2M disclosed across 2 rounds · 2025
▶$10.2MraisedJan 2026 · 31 investors · Other Health CareRule 506(b)
▶$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
▶$41MraisedJan 2026 · 52 investors · Other Health CareRule 506(b)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 3
by search overlap
Ezra114 shared keywordsEzra offers advanced MRI-based full-body scans designed to screen for early signs of cancer and hundreds of other medical conditions. The service targets individuals seeking preventive health screening, with scans potentially eligible for HSA/FSA reimbursement.
Akumin94 shared keywordsAkumin provides outpatient diagnostic imaging (MRI, PET/CT, CT, X-ray, Nuclear Medicine, DEXA, 3D Mammography) and radiation therapy services through owned and managed outpatient centers, a mobile imaging fleet, and relocatable clinics. It partners with over 800 hospitals, health systems, and physician groups across a national U.S. network.
UPMC83 shared keywordsUPMC is a regional healthcare provider that invests in community health through charity care, free and subsidized health programs, and support for seniors, veterans, and food-insecure populations.
Companies competing with Fonar for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
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.