Cleerly – a leader in advanced cardiovascular imaging – announced the closing of its Series C extension funding round, raising a total of $106 million. This funding round was led by global software investor Insight Partners and joined by Battery Ventures with participation from pre-existing investors.
With this new funding round, Cleerly will continue scaling its commercial growth and clinical evidence generation, helping health care professionals improve outcomes for patients across the coronary care pathway.
Cleerly is focused on creating a new standard of care for heart disease by utilizing FDA-cleared solutions powered by AI. And the company’s advanced non-invasive computed tomography (CT) imaging technology enables comprehensive phenotyping of coronary artery disease, grounded in scientific research based on millions of medical images.
KEY QUOTES:
“We are thrilled to receive this investment from Insight Partners, marking a significant milestone for Cleerly. This funding will allow us to expand our commercial reach, which is especially germane following our recent achievements in attaining Medicare coverage and a CPT Category I code for advanced plaque analysis. We are very excited to see our purpose-driven mission come to life, making advanced cardiac care accessible to more patients and working towards our goal of eliminating heart attacks.”
– James K. Min, MD, Founder and CEO of Cleerly
“We are excited to support Cleerly in its mission to revolutionize cardiac care. Cleerly’s pioneering approach to advanced cardiovascular imaging, powered by AI-driven analysis, is elevating the field of diagnostic tools for coronary artery disease. With this investment, we look forward to helping Cleerly expand its reach and impact, bringing this potentially life-saving innovation to more patients and health systems nationally. We’re proud to be a part of Cleerly’s journey. As we’ve seen with their recent Medicare and CPT I code approvals, this technology is both valuable and ready today in the fight against heart disease.”
“Cardiovascular disease is the #1 cause of death globally and costs our country $422B annually. Until Cleerly, healthcare providers have had no way to easily and completely assess plaque burden in a non-invasive manner. Cleerly’s software is able to precisely identify heart disease by analyzing non-invasive images – just like the revolutionary new technologies, mammograms and colonoscopies, that provide early detection for breast and colon cancer, respectively. This is what good software can do in the world!”
– Scott Barclay, Managing Director at Insight Partners
