Cleerly raises $192 Million

Health care company Cleerly has raised $192 million in a series C financing round led by funds and accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., and Fidelity Management and Research Company . They are joined by Sands Capital, Piper Sandler’s Merchant Banking and Heartland Healthcare Capital funds, Mirae Asset Capital, Peter Thiel, Breyer Capital, Novartis, Vensana Capital, LRVHealth, New Leaf Ventures, Cigna Ventures and DigiTx Partners. To date, the company raised $248 million.

“At Cleerly, we are passionate about our mission to create a new standard of care for heart disease. We are grateful for this round of financing that will further enable our work and believe it provides a resounding vote of confidence in our vision for the future of cardiovascular care. The status quo for heart health simply isn’t good enough – for patients, providers, or payors – and our proven approach to examining for early signs of heart disease through the build-up of arterial plaque promises to deliver the change we need right now.” – James Min, MD, FACC, FESC, MSCCT, CEO and founder of Cleerly.

Founded in 2017, Cleerly’s AI-enabled approach to evaluating coronary computed tomography (CT) angiograms allows physicians to more easily identify, characterize and qualify atherosclerosis (plaque) buildup in the walls of the heart arteries. This information promotes a more accurate understanding of a patient’s risk of heart attack and represents a marked shift from the way that heart disease has been historically assessed using indirect surrogate markers of disease. These surrogates too often fail patients as predictors and miss the majority of patients who will suffer a heart attack. In fact, more than half of all patients who experience a heart attack show no symptoms before their potentially catastrophic event. When patients do present with symptoms of a cardiac event, Cleerly offers support to physicians that improves diagnostic certainty to personalize therapeutic choices that offer clinical benefit and reduce total costs of care.