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Elucid Secures $8 Million In Series A Funding Led By Medtex Ventures And Global Health Impact Fund

May 10, 2021•over 4 years ago

Amount Raised

$8 Million

Round Type

series a

Boston

Description

Elucid, a medical technology company developing AI software to enable cardiovascular disease detection, today announced $8 Million in Series A financing led by MedTex Ventures and Global Health Impact Fund. New and existing investors Checkmate Capital, IAG Capital, BlueStone Venture Partners, University of Michigan - Wolverine Venture Fund, Willamette Valley Capital LLC, and Angel Physicians Fund also participated in the round.

Company Information

Company

Elucid

Location

Boston, Massachusetts, United States

About

Elucid is a Boston-based medical technology company using uniquely interpretable and validated AI to provide physicians with a cost-effective means to optimize treatment decisions for patients with cardiovascular disease. Advanced clinical insights from Elucid equip physicians with critical information designed to enable precision medicine. Elucid is the first FDA-Cleared and CE-marked non-invasive software to quantify atherosclerotic plaque characteristics compared to histopathology, including Lipid Rich Necrotic Core. The company has published studies for its derivation of fractional flow reserve (FFRct) based on the vasodilative capacity of the vessel wall and estimation of coding and non-coding RNA transcripts ("Virtual Transcriptomics"). This unique information informs improved treatment decisions by physicians leading to better patient outcomes, improved quality of care, and reduced healthcare costs. The Elucid software is available for commercial use in the U.S., Europe, and South Korea. To learn more visit https://elucid.com/ and follow us on LinkedIn. SOURCE Elucid