Evident Vascular – a medical technology startup developing a next-generation intravascular ultrasound (IVUS) platform utilizing AI to enable superior imaging and streamlined workflows – recently announced that it has launched with a $35 million Series A financing from Vensana Capital.
IVUS is a transcatheter intravascular imaging technique used for acquiring images from inside blood vessels to evaluate vascular disease and guide interventional treatment. Even though IVUS has steadily made inroads, predominantly in coronary interventions and robust clinical trial data supporting utilization in coronary and peripheral interventions are fueling future market growth. Peripheral arterial and venous disease use is now the largest and largest segment of IVUS procedures in the US.
KEY QUOTES:
“The impetus to launch Evident Vascular was born out of the Vensana team’s extensive experience in the vascular space. Our team has partnered with entrepreneurs across multiple emerging therapeutic categories in vascular disease over the last two decades, including endovascular aortic aneurysm grafts, drug-coated balloons, venous stents, arterial tacks, and thrombectomy devices. Intravascular ultrasound is ripe for innovation. Evident Vascular is addressing a critical need in the IVUS market, making it an ideal company to add to our vascular technology innovations.”
— Justin Klein, MD, JD, Managing Partner at Vensana Capital
“While there have been significant advances in the options to treat peripheral vascular disease, the diagnostic tools needed to accurately and appropriately guide delivery of these therapies have lagged. We see a tremendous opportunity to create a next-generation IVUS platform that addresses the needs of vascular interventionalists, and we are excited to be partnering with an outstanding team to launch Evident Vascular.”
— Cynthia Yee, Principal at Vensana Capital
“Legacy IVUS platforms were originally designed primarily for coronary procedures and secondarily for peripheral vascular applications. Shortcomings in image quality, interpretation, and workflow have limited the widespread adoption of IVUS despite its clinical benefit, and there has been minimal innovation to address these limitations. Along with my co-founders, Chief Technology Officer Patrick Phillips, Ph.D., and Chief Product Officer Danielo Piazza, our team is pioneering the future of intravascular imaging with a platform optimized for peripheral vascular procedures that will enable improved image interpretation guidance, and ease of use enhancements throughout the clinical workflow.”
— Howard Rosen, CEO and Co-founder, Evident Vascular
