Clear Guide Medical, a Baltimore, MD-based commercial stage image-guidance medical device company, closed a Series A round of financing of $1.5m, with the potential of additional follow-on investments totaling another $1.5m.
The round was led by Wildermuth Advisory, LLC.
The company intends to use the funds to accelerate sales of its CT-Ultrasound fusion and instrument-guidance system, the Clear Guide SCENERGY, to hospitals and radiology partnerships in the United States and Europe.
Clear Guide Medical provides the Clear Guide SCENERGY, which allows interventional radiologists and other surgeons to perform minimally-invasive biopsies and other diagnostic and therapeutic procedures through an intelligently integrated display of fused ultrasound and CT images.
The system is currently in use at several hospitals and is sold as an accessory to most ultrasound machines. It has received FDA-clearance as well as the CE Mark.