Chipiron and the EIC Accelerator: MRI Without the Giant Magnet
Chipiron, registered in Paris in 2020 and led by co-founder and chief executive Evan Kervella, is developing a compact MRI scanner that works at ultra-low magnetic fields, detecting the faint signals with a patented low-temperature SQUID, a superconducting quantum sensor, instead of relying on the powerful magnets of conventional machines. Its EIC Accelerator project, AMRI, "Accessible MRI", receives an EU contribution of €2,499,999 and runs from December 2024 to November 2026, according to CORDIS. The aim is a lightweight scanner that needs no shielded room and can be installed in ordinary clinics.
In the first year, the report says, Chipiron assembled a complete prototype scanner, showed its detection chain working stably at ultra-low field in the lab, and acquired "the first biological images" with it, according to CORDIS. In April 2025 it raised a $17 million Series A led by Blast with the EIC Fund and iXcore, bringing total funding including public support above $22 million, according to The Quantum Insider. It said clinical trials would begin in hospitals in 2026, according to Tech.eu. No Chipiron study is listed on ClinicalTrials.gov.
Company file
- Legal entity
- Chipiron SAS, SIREN 888 822 129, Paris
- Registered
- September 2020
- CEO
- Evan Kervella, co-founder
- Technology
- Ultra-low-field MRI with SQUID detection
- Investors
- Blast, EIC Fund, iXcore
- Public funding
- France 2030, EIC Accelerator, Bpifrance
- EIC funding
- Blended finance, €2.5M grant plus EIC Fund equity
Where Chipiron Stands Now
Chipiron is pre-revenue. It lost €655,156 in 2024 and €1.33 million in 2025 with no sales, according to the INPI financial ratios, and the French register lists 10 to 19 employees. By 2028, it told investors, it aims to have clinical prototypes, FDA and CE certification and at least 100 commercial units deployed, with the US as its main market. Its website labels the scanner an "investigational device limited to investigational use until market approval".
The record
From quantum sensor to first MRI images
Chipiron built a full prototype and took its first biological images during the EIC project. The hospital trials it planned for 2026 are not yet registered.
- Sep 2020Company registeredParis
- Mar 2024EIC Accelerator cut-offAMRIblended finance
- Dec 2024EIC project starts€2.5M EU contribution
- Apr 2025$17M Series ABlast lead, EIC Fund, iXcore
- 2025First biological imagesComplete prototype scanner
- 2026Hospital trials plannedNot registered
- Nov 2026EIC project endsClinical validation pending
- 2028Company goalFDA and CE, 100 units deployed
Chipiron, Tech.eu, CORDIS and the French business register.
"We now have the means to complete our R&D phase and begin clinical investigations in hospitals as early as next year."
Evan Kervella, CEO and co-founder of Chipiron, April 2025The Technology: A Quantum Antenna for Weak Signals
Standard MRI scanners are massive, energy-intensive and need shielded rooms, the EIC report says. At ultra-low fields the signal is far weaker, so Chipiron uses a SQUID gradiometer as an antenna sensitive enough to pick it up in an open environment. The EIC report says the design needs no heavy magnetic shielding, uses much less power, avoids scarce cooling resources used in traditional MRI and is quiet and open for patients. Image quality at such low fields is the open question the clinical trials must answer.
The market
MRI market size, company figures
Chipiron cites a global MRI market of about $10 billion, $2.5 billion of it in Europe and $500 million in France.
Chipiron via Tech.eu, April 2025. US$ billions.
What the EIC Award Promised, and What the Record Shows
AMRI aims to validate and commercialise the scanner. It runs until November 2026, so it is too early to judge it. The first year delivered the integrated prototype and first images, a real technical milestone. Clinical validation, the step that turns a prototype into a medical device, has not started publicly.
- Integrated prototypeDeliveredProject report.
- First biological imagesDeliveredProject report.
- Hospital trials in 2026Not registeredNo public record.
- CE and FDA approvalNot yetTarget 2028.
The Money
The EIC's blended finance has two parts: the grant, recorded on CORDIS, and an equity stake through the Series A, which the EIC Fund joined. The EIC Fund's share was not disclosed. Chipiron's losses are small relative to its $17 million raise, which gives it runway into clinical work.
The funding
Funding, US$ millions
Chipiron says it has raised more than $22 million including equity and public support, of which $17 million came in its Series A.
Chipiron via The Quantum Insider and Tech.eu. US$ millions.
The accounts
Net loss
Chipiron has no revenue. Its loss doubled to €1.33 million in 2025.
INPI financial ratios. Values in € thousands.
What Cannot Be Checked
Questions for the EIC
How much the EIC Fund invested, what image resolution the prototype reaches, whether hospital studies have started under French rules, and when CE marking will be sought are not public.
Why Europe Should Care
MRI is scarce outside large hospitals, and the EIC report frames AMRI as a way to bring it to underserved populations. Chipiron's stated first market, however, is the United States.
What the award promised
A validated, commercial ultra-low-field MRI for standard clinics.
What the record shows
A working prototype and first images, clinical validation still ahead.
The Verdict
Prototype works, patients next
Chipiron has shown its quantum MRI can image. It now has to show doctors the images are good enough.
Chipiron and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.
Industry
HealthMedical devices
- Focus
- Medical imaging
- Technologies
- Quantum sensing
- Magnetic resonance imaging
- Keywords
- Low-field MRI
- SQUID sensors
- Portable MRI
- Accessible imaging