HomeFinTechElucid: Raises $27M in Series B Funding

Elucid: Raises $27M in Series B Funding

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Elucid Raises $27M in Series B Funding

  • Elucid, a Boston, MA-company developing non-invasive medical software to characterize cardiovascular disease, raised $27M in Series B funding
  • The round was led by an undisclosed strategic investor, with participation from Biovision Ventures, and existing investors
  • The company intends to use the funds to accelerate growth and its development efforts
  • The company is a medical technology company using interpretable and validated AI to provide physicians with a software platform to optimize treatment decisions for patients with cardiovascular disease
  • This approach enables physicians to diagnose the direct cause of chest pain but also to determine if patients have early-stage heart disease which cannot be seen by alternative methods
  • The software is available for commercial use in the U.S., Europe, and South Korea
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