The Cornell cardiovascular data technology spinout has launched with $54m in funding, $43m coming from an American College of Cardiology-backed series B round.
Cleerly, a US-based developer of machine learning algorithms for heart disease detection, received $43m yesterday in a series B round that included American College of Cardiology.
The round was led by venture capital firm Vensana Capital and also featured Cigna Ventures, the corporate venturing arm of healthcare services provider Cigna, as well as LRVHealth, New Leaf Venture Partners and DigiTx Partners, along with unnamed existing investors.
Founded in 2017, Cleerly uses proprietary artificial intelligence and machine learning algorithms to extract and integrate data from computerised tomography (CT) imaging to support clinical diagnosis, prognostication and the prevention of heart attacks.
The company’s core product, Cleerly Coronary, is capable of quantifying and characterising the presence, extent, severity and type of plaque build-up in addition to coronary artery disease and other cardiovascular disorders.
Cleerly’s algorithms are based on research at Weill Cornell Medicine, the medical school at Cornell University, and The Dalio Institute for Cardiovascular Imaging at New York-Presbyterian Hospital.
The capital will be used to expand the company’s commercial reach, operational capabilities and strategic partnerships, in addition to funding research and development.
Justin Klein of Vensana Capital, Tripp Peake of LRVHealth and Vijay Lathi of New Leaf Venture Partners will join Cleerly’s board of directors in conjunction with the round, which the company said increased its total funding to $54m. It has not revealed details of earlier financing.
