Evident Vascular Exits Stealth with $35 Million Series A Funding to Develop Intravascular Imaging Platform

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Evident Vascular, Inc. , a medical technology startup developing a next-generation intravascular ultrasound (IVUS) platform leveraging artificial intelligence to enable superior imaging and streamlined workflows, announced today that it has launched with a $35 million Series A financing from Vensana Capital® .

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Retrieved on: 
Tuesday, October 17, 2023
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Health, Medical Devices, Surgery, Health Technology, General Health, Cardiology, Biotechnology, Yee, Intelligence, MD, Moyamoya disease, JD, Thrombectomy, Workflow, Vein, Blood, Clinical trial, Vascular disease, IVUS, Medical imaging
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UNITED STATES, NORTH AMERICA, CALIFORNIA
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EVIDENT VASCULAR, EVIDENT VASCULAR, INC., VENSANA CAPITAL
Summary
Key Points: 
  • Evident Vascular, Inc. , a medical technology startup developing a next-generation intravascular ultrasound (IVUS) platform leveraging artificial intelligence to enable superior imaging and streamlined workflows, announced today that it has launched with a $35 million Series A financing from Vensana Capital® .
  • “The impetus to launch Evident Vascular was born out of the Vensana team’s extensive experience in the vascular space.
  • Evident Vascular is addressing a critical need in the IVUS market, making it an ideal company to add to our vascular technology innovations.”
    IVUS is a transcatheter intravascular imaging technique used to acquire images from inside blood vessels to evaluate vascular disease and guide interventional treatment.
  • “Legacy IVUS platforms were originally designed primarily for coronary procedures and secondarily for peripheral vascular applications.


Evident Vascular, Inc., a medical technology startup developing a next-generation intravascular ultrasound (IVUS) platform leveraging artificial intelligence to enable superior imaging and streamlined workflows, announced today that it has launched with a $35 million Series A financing from Vensana Capital®.

“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,” said Justin Klein, MD, JD, Managing Partner at Vensana Capital. “Intravascular ultrasound is ripe for innovation. Evident Vascular is addressing a critical need in the IVUS market, making it an ideal company to add to our vascular technology innovations.”

IVUS is a transcatheter intravascular imaging technique used to acquire images from inside blood vessels to evaluate vascular disease and guide interventional treatment. Although IVUS has steadily made inroads, predominantly in coronary interventions, robust clinical trial data supporting utilization in both coronary and peripheral interventions are fueling future market growth. Peripheral arterial and venous disease use is now the largest and fastest-growing segment of IVUS procedures in the US.1,2,3

“While there have been significant advances in the options to treat peripheral vascular disease, the diagnostic tools needed to accurately and appropriately guide delivery of these therapies have lagged. We see a tremendous opportunity to create a next-generation IVUS platform that addresses the needs of vascular interventionalists, and we are excited to be partnering with an outstanding team to launch Evident Vascular,” added Cynthia Yee, Principal at Vensana Capital.

“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,” said Howard Rosen, CEO and Co-founder, Evident Vascular. “Along with my co-founders, Chief Technology Officer Patrick Phillips, Ph.D., and Chief Product Officer Danielo Piazza, our team is pioneering the future of intravascular imaging with a platform optimized for peripheral vascular procedures that will enable improved image interpretation guidance, and ease of use enhancements throughout the clinical workflow.”

About Evident Vascular

Evident Vascular, Inc., is developing an advanced intravascular ultrasound (IVUS) platform technology designed initially for peripheral vascular interventions, with future capability for coronary procedures. Leveraging artificial intelligence (AI) to enable superior image interpretation and streamlined workflows, Evident Vascular’s technology has been designed to expand adoption of IVUS, driving increased market penetration and enabling improved clinical outcomes with faster, more accurate diagnosis and treatment decisions. For more information, visit the company’s website and follow us on LinkedIn.

About Vensana Capital

Vensana Capital is a venture capital and growth equity investment firm dedicated to partnering with entrepreneurs who seek to transform healthcare with breakthrough innovations in medical technology. Launched in 2019, Vensana manages $550M in capital and is actively investing in development and commercial stage companies across the Medtech sector, including medical devices, diagnostics and data science, life science tools, digital health, and tech-enabled services. Vensana's investment team has a history of successfully partnering with management teams behind industry-leading companies including Cameron Health, CardiAQ, Cartiva, CV Ingenuity, Epix Therapeutics, Inari Medical, Intact Vascular, Lutonix, Neuwave Medical, Personal Genome Diagnostics, Relievant Medsystems, Sequent Medical, Topera, Ulthera, Veran Medical Technologies, Vertiflex, and Vesper Medical. Learn more at www.vensanacap.com.

Evident Vascular™ and Evident™ are trademarks of Evident Vascular, Inc.

Vensana Capital® is a registered trademark of Vensana Capital Management, LLC.

1 Centers for Medicare & Medicaid Services (CMS). Public Use Files (Medicare Claims) - Medicare Physician & Other Practitioners - by Geography and Service 2013-2020. Accessed May 2023.

2 Centers for Medicare & Medicaid Services (CMS). Standard Analytical Files (Medicare Claims) - LDS 2021. Accessed May 2023.

3 Healthcare Cost and Utilization Project (HCUP) National Inpatient Sample - 2017-2020. Accessed September 2022.

This press release contains “forward-looking statements” concerning the development of Evident Vascular's products, the benefits and attributes of such products, and the company’s expectations regarding its prospects. Forward-looking statements are subject to risks, assumptions and uncertainties that could cause actual future events or results to differ materially from such statements. These statements are made as of the date of this press release. Actual results may vary. Evident Vascular undertakes no obligation to update any forward-looking statements for any reason.

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