Laza Medical announced today that it had closed $36 million in Series A financing. Laza Medical is developing an imaging solution for cardiac interventions enabled by AI software and state-of-the-art robotics. The funding round was led by The Capital Partnership (TCP) with financial participation from GE HealthCare, PA MedTech VC fund, Unorthodox Ventures, and Dara Holdings. And the funding will be used to accelerate product development and further expand the team. Additionally, the company announced the appointment of seasoned medtech executive Pablo Garcia as General Manager.
Garcia joins Laza as General Manager, bringing over two decades of medical device development and leadership experience. Previously, he served as the Vice President of Digital Solutions for Johnson & Johnson and was the technical co-founder of Verb Surgical, a strategic venture between Google and Johnson & Johnson to develop a surgical robotics platform. And in 2020, this venture was acquired by Johnson & Johnson to be part of their medical robotics portfolio.
The structural heart and electrophysiology are two large and rapidly growing segments of the interventional cardiology market. And ultrasound imaging is necessary to guide these interventional cases, but a lack of resources makes it also a leading factor limiting growth. Laza aims to optimize procedural workflows and elevate the imaging standard for these procedures.
The company’s solution was designed to enable top-quality imaging and advanced procedure navigation for a broad population of clinicians through a simple user interface.
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“The closing of this significant financing round validates the large, unmet need Laza’s solution will address, and we are grateful for the strong support of our investors. I am delighted to have Pablo join and lead Laza at this important time. His wealth of knowledge and expertise in both digital products and robotics will be critical as Laza drives towards its upcoming milestones.”
– Amr Salahieh, Founder of Shifamed and Chairman of Laza Medical
“I am excited to join the Laza team and look forward to advancing this comprehensive imaging solution so that interventional operators can safely and efficiently tackle complex cases,” stated Garcia. “We have assembled a strong team with expertise in robotics, software, artificial intelligence, and medical imaging, and are committed to bringing this much-needed innovation to market.”
– Pablo Garcia, General Manager
“Obtaining high quality images of the heart is critical to improving diagnostic confidence and guiding cardiac interventions. We appreciate the opportunity to participate in this funding round for Laza Medical, who is working to pioneer innovative AI, robotics and ultrasound technology to help overcome some of the most pressing cardiac imaging challenges facing clinicians today.”
– Dagfinn Saetre, General Manager, Cardiovascular Ultrasound, GE HealthCare
