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Elucid Raises $27 Million Series B Funding Round To Commercialize A New Paradigm In Heart Disease Diagnosis

Jun 22, 2022•about 3 years ago

Amount Raised

$27 Million

Round Type

series b

Boston

Description

Elucid, a company developing a novel, non-invasive medical software to comprehensively characterize cardiovascular disease, announced the closing of a $27 Million Series B financing round. The round was led by an undisclosed strategic investor, with participation from Biovision Ventures, a new Europe-based fund, and existing investors, including MedTex Ventures, IAG Capital, Bold Brain Ventures, and BlueStone Venture Partners.

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

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