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Elucid

AI-powered plaque analysis for cardiovascular imaging

Overview

Elucid Bioimaging provides an AI-powered SaaS platform that helps clinicians diagnose and manage cardiovascular disease by analyzing coronary CT angiography images to quantify plaque and model the coronary arteries. PlaqueIQ uses machine learning trained on paired CCTA data and histology to identify plaque types, create a 3D artery model, and move toward non-invasive FFR measurements (FFRCT). The product stands out by using histology-grounded AI with FDA 510(k) clearance and CE marking, offering more detailed plaque characterization than many competitors. The company aims to expand sales in North America and Europe to enable precision cardiology and preventive treatment, with the goal of reducing heart attacks and strokes.

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About Elucid

Simplify's Rating
Why Elucid is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine LearningHealthcare

Company Size

51-200

Company Stage

Series D

Total Funding

$183.3M

Headquarters

Boston, MA

Founded

2013

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Simplify's take

What believers are saying

  • September 2, 2026 Series D raised $55 million for commercial expansion.
  • September 29, 2026 Mark Miller joined as CRO to push sales execution.
  • July 9, 2026 AI-PREDICT multicenter enrollment expands evidence across U.S., Europe, and Asia.

What critics are saying

  • HeartFlow and Cleerly commoditize FFR-CT and plaque analytics before Elucid scales.
  • October 2026 clearance still depends on hospitals adopting new reporting workflows fast.
  • If payers deny broad utilization, Elucid remains a niche imaging vendor despite FDA wins.

What makes Elucid unique

  • Plaque-IQ tied CTA findings to histology, not Hounsfield thresholds, since 2013.
  • October 21, 2026 FFR-IQ combines anatomy, plaque biology, and physiology in one workflow.
  • January 1, 2026 CPT coverage and Europe CE-marking support real-world reimbursement.

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Funding

Total Funding

$183.3M

Meets

Industry Average

Funded Over

11 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$55M
$70M
$80M
$100M

Benefits

  • Remote Work Options
  • Hybrid Work Options
  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

-2%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Oct 21st, 2026
Elucid wins FDA clearance for FFR-IQ, with 92.2% sensitivity in noninvasive heart scans

Elucid, a Boston-based maker of AI-powered cardiovascular imaging software, has won US Food and Drug Administration (FDA) 510(k) clearance for FFR-IQ. The software estimates fractional flow reserve (FFR) from coronary CT angiography without invasive tests. FFR-IQ uses coronary anatomy and plaque composition in its estimate. Elucid says this can help physicians identify which patients need invasive evaluation and avoid most unnecessary catheterisations. The ELUCIDATE FFR-CT study, which supported the clearance, showed sensitivity of 92.2% and specificity of 93.1%. Elucid says these are the highest of any FFR-CT validation study. The company will present the results at the Transcatheter Cardiovascular Therapeutics conference in San Diego on November 1.

Yahoo Finance
Sep 29th, 2026
Elucid hires Mark Miller as CRO ahead of BioIntegrated FFR-CT launch

Elucid, a Boston-based medical technology company developing AI-powered cardiovascular diagnostics software, has appointed Mark Miller as chief revenue officer. Miller will lead the company's commercial expansion ahead of the anticipated FDA clearance of its BioIntegrated FFR-CT software. Miller brings over 25 years of experience in cardiovascular imaging and diagnostics sales. He previously spent a decade at GE Healthcare and Philips, and served as vice president of sales at Cassling, where he led a commercial team of more than 40 professionals. Elucid's platform includes its FDA-cleared Plaque-IQ software and the pending BioIntegrated FFR-CT solution, which helps physicians identify coronary blockages non-invasively. The company focuses on advancing precision diagnosis of cardiovascular disease through AI-enabled image analysis.

Morningstar
Sep 2nd, 2026
Elucid raises $55M in Series D to commercialise AI-powered cardiovascular imaging platform

Elucid, a Boston-based medical technology company, has raised $55 million in an oversubscribed Series D financing round, bringing its total funding to approximately $185 million. The round includes participation from a large medtech company, joining as Elucid's fourth publicly traded strategic investor, alongside IAG Capital Partners and Elevage Medical Technologies. The funding will accelerate commercialisation of Elucid's AI-powered cardiovascular imaging platform. The company is preparing for full commercial launch of its BioIntegrated FFR-CT product, currently under FDA review, alongside its FDA-cleared Plaque-IQ software. Elucid's technology converts routine CT angiography into detailed insights based on plaque biology, vessel anatomy, and physiology, helping clinicians stratify at-risk patients and personalise treatment strategies for atherosclerotic cardiovascular disease.

Associated Press
Apr 15th, 2026
Elucid launches lesion inspection tool for coronary and carotid plaque analysis

Elucid has launched a new Lesion Inspection Tool for its Plaque-IQ software suite, enabling physicians to analyse coronary and carotid plaque composition at the lesion level. The tool provides detailed quantification of plaque types, including high-risk features like lipid-rich necrotic core, supporting more precise clinical decision-making. The Boston-based AI medical technology company's Plaque-IQ is the only plaque analysis technology validated against histology, the gold standard for plaque characterisation. Powered by CT-Virtual Histology, it noninvasively quantifies and classifies coronary and carotid plaque using CTA scans. The tool allows physicians to interrogate any lesion or region and access quantitative results for specific segments, helping identify features associated with heart attack and stroke risk.

HIT Consultant
Jul 22nd, 2024
Elucid Appoints Dr. Kelly Huang As Ceo

Elucid Appoints Dr. Kelly Huang as CEO. by Executive Hires 07/22/2024 Leave a Comment. Dr. Kelly Huang, CEO at ElucidWhat You Should Know: – Elucid, a company pioneering AI-powered medical technology for cardiovascular disease (CVD), has named Dr. Kelly Huang, PhD as its new President and Chief Executive Officer (CEO)

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