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In November 2019, Portland startup Yor Labs was reported to have raised $3.3 million to develop a portable, wireless ultrasound system assisted by artificial intelligence. The figure came from a regulatory filing, not a company financing announcement, and Yor Labs declined to comment. The company later emerged with a more specialized product: an intracardiac imaging system that received FDA 510(k) clearance in October 2025.
What Yor Labs raised in 2019—and what the filing did not establish
GeekWire reported on November 21, 2019, that Yor Labs had raised $3.3 million, citing a regulatory filing. The Portland, Oregon, startup planned to use the money to develop a lightweight, portable ultrasound system with AI. Yor Labs declined to comment at the time. GeekWire’s 2019 report did not establish whether the amount was a completed financing round, a partial close, or the total offering.
The report also did not disclose the security type, valuation, close date, investor list, or other financing terms. A filing-based amount is useful evidence that the company reported fundraising activity, but it is not enough to reconstruct the deal or assess investor returns.
What the original ultrasound concept was supposed to do
The 2019 description was of a handheld, lightweight, portable and wireless ultrasound platform. Yor Labs said AI would make images easier to interpret and diagnosis easier. Those were development goals, not demonstrated clinical outcomes.
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- DAWEI portable veterinary ultrasound scanner with 3.5MHz Mechanical Sector Probe was designed for animal use.Perfect for small & large pregnant animals like pigs,goat, sheep, large dogs.OB measurement was set already in the system .
- Portable design,drop-resistant soft rubber body protecting it from falling during a diagnosis with an unexpected move.Comfortable Hand-held Imaging, 5.6 inch LED HD Display, Machine Weight was about 2.1 lbs.Easy to Carry.You can use it in farm,or at home.
- This Scanner has B,B+B,4B display mode.it support 4 levels frequency conversion:2.5/3.5/4.0/5.0MHz.DAWEI B-Ultra sound machine can be continue used for more than 4-6working hours.USB, 8GB Memory TF card ports for convenient and fast image storage and playback for more than 4000 Images.
- We provide the most professional after-sales service and product training service . Two year free warranty.What you get was not only a machine ,but a long-time training to support your work from DAWEI .
- Dawei veterinary Medical Corp.,Ltd. is a professional manufacturer of ultrasound scanners that is specialized in the development, manufacture and distribution of high quality ultrasound products.Any questions about our products,please feel free to contact us
The coverage did not provide technical specifications such as probe frequency, imaging modes, battery life, wireless protocol, display requirements, cloud architecture, AI model, training data, clinical indication, intended user, regulatory pathway, or launch date. It therefore described a product vision, not a finished device available for clinicians to buy.
Why AI could matter in ultrasound
Ultrasound can be brought to the bedside, but acquiring a useful image and interpreting it depend on operator skill. In principle, software could guide probe positioning, recognize standard views, check image quality, take measurements, flag possible abnormalities, or streamline workflow. The 2019 report did not say which, if any, of these capabilities Yor Labs was building.
Rank #2
- 【Wireless & Portable Design】 This handheld ultrasound scanner operates completely wirelessly, freeing you from cumbersome cables. Its portable device design allows medical students and instructors to practice ultrasound detection anywhere – from the clinical skills lab to simulation centers and classrooms.
- 【High-Quality Imaging】 The convex probe delivers clear, real-time images of abdominal organs, making it ideal for teaching normal anatomy and practicing detection techniques. Its user-friendly interface ensures a smooth learning curve for beginners in medical training.
- 【Educational Settings & Teaching Demos】 Engineered specifically for medical school education, this probe is perfect for teaching demos and hands-on student practice. It helps clinical instructors effectively demonstrate scanning techniques and abdominal examination protocols.
- 【Robust and Durable Design】 Built to withstand the rigors of daily use in educational settings, this scanner features a reliable, rugged design. The long-lasting rechargeable battery supports extended training sessions without interruption.
- 【Complete Ready-to-Use】 This portable ultrasound system arrives ready for immediate use in your lab or classroom. Simply download the companion app to your tablet or smartphone to begin abdominal scanning practice right away.
AI assistance would not by itself remove the need for training, appropriate patient selection, image-quality safeguards, clinical validation across settings and populations, regulatory authorization, and clinician review. A tool that helps acquire an image is also not necessarily a tool authorized to diagnose from it.
The people and competitive context reported in 2019
GeekWire described Yor Labs as founded about four years earlier—implying approximately 2015—and reported 16 employees based on LinkedIn at the time. These are historical details, not a current company headcount. The report named:
Rank #3
- Convex probe Frequency: 2.5MHz - 5.0MHz Application: pregnancy diagnosis for medium animals, such as sheeps, goats, pigs and dogs
- Portable design,drop-resistant soft rubber body protecting it from falling during a diagnosis with an unexpected move.Comfortable Hand-held Imaging, 5.6 inch LED HD Display, Machine Weight was about 950g.Easy to Carry.You can use it in farm,or at home.
- This B-Ultrasound machine has 5 display mode: B, BB, 4B, BM, M.Electronic focus,Frequency range adjustable.and it can support Convex probe/ Rectal probe/Micro convex/Linear/Back fat. for more than 4 working hours.32GB permanent storage for fast image storage and playback
- We provide the most professional after-sales service and product training service . Two year free warranty.What you get was not only a machine ,but a long-time training to support your work from DAWEI .
- Dawei veterinary Medical Corp.,Ltd. is a professional manufacturer of ultrasound scanners that is specialized in the development, manufacture and distribution of high quality ultrasound products.Any questions about our products,please feel free to contact us
- Bill Willis, CEO, previously a leader at iRhythm Technologies and Cardiac Insight.
- Anshumali Roy, CTO, described as a former Intel senior engineer.
- Clark Brooks, principal scientist and longtime Intel engineer.
- Sunit Rikhi, an Intel executive and Yor Labs co-founder and investor.
- Michael Goldberg, board chair, also associated with CareDX and DNAnexus.
- William Starling, investor and director and co-founder of Synergy Life Science Partners.
Their prior roles offered relevant technology and medical-device experience, but credentials alone do not establish the performance or commercial prospects of a new product.
The 2019 article identified Fujifilm SonoSite as an established ultrasound competitor and reported its collaboration with the Allen Institute for Artificial Intelligence on AI interpretation of ultrasound images. The landscape includes different categories: bedside point-of-care scanners, portable cart-based systems, software that adds capabilities to conventional ultrasound, and catheter-based intracardiac ultrasound. They are not automatically substitutes for one another.
Rank #4
- Veterinary color Doppler ultrasound device for pregnancy detection, internal organ examination, and blood flow analysis, featuring multiple modes (B, B/M, CFM, PDI, PW) and comprehensive measurements (length, area/circumference, depth, trace, angle, heart rate, duration, distance, LVID, velocity, S/D).
- Supports dual-frequency:3.2MHz and 5MHz, suitable for medium to large animals such as large dogs, pigs, horses, cows, and sheep. Equipped with a 1350mAh battery, it can operate continuously for over two hours.
- Suitable For IOS and Android systems: IOS can directly download DWscanner, Android can directly download DWscanner from the Google Play Store. Perfectly matches phone or tablet sizes for enhanced convenience.
- Wireless connectivity and wireless charging: enjoy uninterrupted signal transmission up to 10 meters with no quality loss, ensuring smooth data transfer across multiple devices for various imaging needs. Utilize wireless inductive charging for seamless, wear-free, high-tech, and convenient operation, allowing for use and charge on-the-go.
- After-Sales Service: Enjoy a two-year free warranty and lifetime maintenance. You receive not just a machine, but ongoing training to support your work. Dawei Veterinary Medical Corp., Ltd. specializes in developing, manufacturing, and selling high-quality ultrasound products. For any inquiries, please feel free to contact us.
What happened after the fundraising report
Later records show YorLabs pursuing a more specialized intracardiac imaging product for electrophysiology and interventional cardiology. An FDA-derived device record identifies the XC11 ICE System, submission K250955, as a Class II device with a 510(k) decision date of October 22, 2025. Its stated use is intracardiac and intraluminal ultrasound imaging, including imaging guidance during cardiac percutaneous procedures, with the specified catheter and system handle. The device record does not establish that this system is the same product as the general handheld AI concept described in 2019.
On October 24, 2025, YorLabs announced the clearance and described the platform as compact, wireless, and “zero-capex.” Those are company characterizations. “Zero-capex” describes a proposed purchasing model, not a device that necessarily costs nothing: procedure charges, disposables, service, software, training, integration, and contract terms can all affect total cost. Public information cited here is insufficient to calculate that cost. The company announcement was distributed by BioSpace.
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- 【Wide Applicability Anima】 Our portable veterinary ultrasound scanner with a 3.5MHz mechanical sector probe was designed for animal use. Perfect for small & large pregnant animals like pigs, cattle, goat, sheep, dogs, cats, horses, rabbit,fish.
- 【Digital Record System】 Edit and save animal profiles (name, age, gender) directly on-screen. Export via USB/PAL/NTSC—ideal for farm/clinic reports (even for beginners!).
- 【5-in-1 Smart Scan Modes】This Scanner has B, M, B+B, B+M,4B display modes, a 3.5 MHz mechanical sector probe with a 3-adjustable-frequency of 2.5/3.5/5.0 MHz. Our B-Ultra sound machine has a 2600mAh rechargeable lithium-ion battery, for more than 4- 6 working hours.
- 【CrystalClear Imaging】 Comfortable Hand-held Imaging, 5-inch TFC-LCD Display, Machine Weight was about 1.8 lbs. Easy to carry, also with a wrap bag to carry out. You can use it on the farm or at home. Your on-the-go partner for home visits/farm emergencies.
- 【Standard Configuration】 Scanner Body: 1pc, Li-ion Battery: 1pc, 3.5MHz Convex Probe: 1pc, Charger with a Set of Wires: 1set, Wrap Bag: 1pc, Transportation Case:1pc, User Manual: 1pc.
Secondary and company-related coverage later reported that YorLabs completed its first clinical procedure with the cleared system. That milestone does not, by itself, show broad adoption, clinical superiority, cost savings, or financial success. CB Insights’ company page is among the sources reporting the later timeline.
What FDA 510(k) clearance means here
The 2025 milestone is FDA 510(k) clearance, not approval through the premarket approval pathway. It applies to the device configuration and intended use described in its clearance record; it does not authorize every possible use of ultrasound or prove that every clinical or economic claim is established.
Most importantly, clearance of the XC11 ICE System does not establish that the 2019 AI-powered handheld concept itself was cleared, or that the later system contains the same AI features. The original product vision and the later intracardiac system should be treated as separate points in the company’s timeline unless YorLabs provides documentation connecting them.
What remains unknown to investors and potential customers
- The precise terms, investors, and structure of the 2019 $3.3 million financing.
- The detailed specifications and AI functionality of the 2019 handheld concept.
- Clinical study results establishing diagnostic performance or superiority.
- Current pricing, contract economics, customer count, revenue, and commercial availability.
- The extent to which the 2025 intracardiac system evolved from the original handheld project.
These gaps matter because regulatory clearance, clinical evidence, market adoption, and financial performance are different milestones. The available sources establish the filing-based funding report and a later clearance, but not the investment outcome or commercial traction.
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