Feb 16, 2018 | By Tess
HeartFlow, Inc., a California-based medical tech company specializing in 3D heart models, has secured $240 million through a Series E financing round. The investment will go towards accelerating the commercial expansion of the company’s 3D model analysis tools, as well as advancing its technology and pursuing further clinical studies.
The company is making headway in the medical field with its innovative HeartFlow Analysis technology, which uses non-invasive means to help clinicians and doctors provide accurate and detailed diagnoses for patients with heart disease.
The technique uses data captured from a CT scan to generate a customized 3D model of the patient’s heart. And though the company does not seem to be using 3D printing to recreate the models physically, the digital 3D models enable the doctors to analyze and diagnose a patient’s heart condition without automatically resorting to invasive surgeries.
In HeartFlow’s recent financing round it saw additional support from existing investors and brought on new investors Wellington Management and Baillie Gifford & Company.
“This financing will enable us to drive commercial success of the HeartFlow Analysis, which is poised to become the global standard of care in the diagnosis of coronary artery disease,” commented John H. Stevens, M.D., the president and CEO of HeartFlow. “Given our recent momentum with clinicians, the Centers for Medicare & Medicaid Services, commercial payers and strategic collaborators, we are well positioned for growth.”
At present, HeartFlow’s 3D modeling analysis technology is being tested and used by over 80 medical institutions around the world. The company’s system is part of a broader effort in the medical world to use 3D technologies to better diagnose conditions and better prepare for invasive surgeries when they are necessary.
CT scans are also used in the medical tech industry to produce patient-specific 3D printable models that can be used as surgical guides for the next step in treatment.
Posted in 3D Printer Company
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