Daily Newsletter

18 October 2023

Daily Newsletter

18 October 2023

Evident Vascular launches with $35m funding to develop IVUS platform

IVUS is a transcatheter intravascular imaging technique that helps capture images from inside blood vessels.

RanjithKumar Dharma October 18 2023

Medical technology startup Evident Vascular has launched with $35m in Series A financing from Vensana Capital for the development of an intravascular ultrasound (IVUS) platform.

Leveraging artificial intelligence, Evident Vascular is developing the next-generation platform to facilitate better imaging and streamlined workflows.

Vensana Capital managing partner Justin Klein said: “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.”

The IVUS transcatheter intravascular imaging technique is designed to capture images from inside blood vessels to assess vascular disease and guide interventional treatment.

This technique has established a consistent presence in coronary procedures and its potential in both coronary and peripheral interventions is being fuelled by substantial clinical trial data, contributing to future market expansion.

Evident Vascular CEO and co-founder Howard Rosen said: “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.”

AI will become a key driver of medical device innovation

The medical devices industry is highly regulated and therefore can be slow to adopt new technologies to modernize. However, it is realizing the benefits that AI can bring, and AI is now being used in different areas across the entire value chain. Common use cases include data management, remote surgery, diagnostic and procedural AI assistants, and clinical trial design. GlobalData estimates that the AI in medical devices market is expected to grow at a CAGR of >29% by 2027.

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