Cydar Medical, a provider of procedure planning artificial intelligence software platform for endovascular surgeries, raised €10.5 million (£9.3 million) in Series A funding.
Pembroke Venture Capital Trust led the investment round with participation from Downing and existing seed investors.
With new funds, the company plans to advance and commercialize its artificial intelligence surgical maps platform that creates a patient-specific 3D map of soft tissue, providing an integrated solution for procedure planning, intra-operative navigation and post-procedure review. The AI and automation of processes within the novel software have been proven to increase clinician confidence and reduce procedure times, reduce radiation exposure for patients and the clinical team and enhance clinical workflow efficiencies. As AI gains knowledge from surgical procedures, it can assist in improving clinical decision-making and future treatment.
Clinical intelligence startups
According to our funding database, clinical intelligence and decision-making software providers have raised nearly $15 billion in funding to date. The latest funding rounds include:
Mirvie, a provider of cloud-based intelligence solutions that can predict pregnancy complications months before they occur using a simple blood test, raised $60 million in Series B funding led by Decheng Capital with participation from BlackRock, Foresite Capital, General Catalyst, GV (formerly Google Ventures), Khosla Ventures, Mayfield and Comerica Bank.
FEops, a provider of AI-guided procedure planning solutions to help clinicians, received €3.3 million from the European Innovation Council Fund (EIC Fund).
Psyomics, a mental health assessment tool for healthcare professionals, raised £2.4 million in funding led by Parkwalk, with participation from Meltwind and Newable Ventures.
Vynca, an electronic health records-integrated advance-care planning for doctors, raised $30 million in growth capital led by Questa Capital with participation from existing investors, including Generator Ventures, First Trust Capital Partners, 4100 Group and OCA Ventures.
PeekMed, an AI-powred 3D pre-operative planning system for orthopedic surgery, secured €3 million in Series A funding led by Grosvenor House of Investments and Portugal Ventures.
