Elucid

Elucid

AI-powered plaque analysis for cardiovascular imaging

Overview

Elucid Bioimaging provides an AI-powered SaaS platform that helps clinicians assess cardiovascular disease. Its PlaqueIQ tool non-invasively analyzes coronary CT angiography to create a 3D model of arteries and quantify plaque, including high-risk features like lipid-rich necrotic cores, with the AI trained on paired imaging and histology data. The product is regulated, with FDA clearance and CE marking, and it distinguishes itself by grounding its analysis in histology-based references rather than simple image features. The company aims to expand commercialization in North America and Europe to support precision cardiology, preventive treatment, and reduced cardiovascular events.

Funded Recently

About Elucid

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

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Series D

Total Funding

$210.3M

Headquarters

Boston, Massachusetts

Founded

2013

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Simplify's Take

What believers are saying

  • September 2, 2026 Series D raised $55 million, totaling about $185 million.
  • January 1, 2026 CMS payments of $1,021 and $951 support adoption.
  • FDA review of BioIntegrated FFR-CT positions a 2026 commercial launch.

What critics are saying

  • HeartFlow sued Cleerly on April 13, 2026, signaling fierce FFR-CT patent warfare.
  • Elucid’s FFR-CT remains under FDA review, delaying revenue beyond 2026.
  • Cleerly and HeartFlow already command reimbursement, data, and hospital workflows.

What makes Elucid unique

  • Plaque-IQ uses histology-validated plaque biology, not Hounsfield-threshold proxies.
  • CMS granted Category I CPT 75577 in December 2025 for plaque analysis.
  • Kelly Huang’s 2026 strategy combines plaque, physiology, and CT-Virtual Histology.

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Funding

Total Funding

$210.3M

Meets

Industry Average

Funded Over

12 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
Elucid
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Remote Work Options

Hybrid Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 1%
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)

Business Wire
Nov 10th, 2023
Elucid Raises $80 Million in Series C Round Led by Elevage Medical Technologies

Elucid, a leading medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease, today an

BioSpace
Mar 28th, 2023
Andrew Miller Joints Elucid As Chief Technology Officer | Biospace

Growth-focused leader will help bring the company’s AI-powered cardiovascular technology to marketBOSTON--(BUSINESS WIRE)-- Elucid, Inc., a leading medical technology company providing physicians with AI-powered imaging analysis software to assess cardiovascular disease, has hired Andrew Miller as its chief technology officer (CTO). In this role, Andrew will lead the technological strategy and oversee the engineering team’s execution. Elucid’s software is the only FDA-cleared non-invasive tool able to accurately characterize arterial plaque, simulating what pathologists would see under a microscope and establishing a histologic ground truth. Elucid is also pursuing an indication for FFRCT, uniquely derived from its PlaqueIQ technology, to non-invasively measure coronary blockages and the extent of ischemia.“We’re thrilled to welcome Andrew as CTO. He has an incredible technological skillset and proven track record in building high-performing technology teams across numerous successful organizations throughout his career,” said Blake Richards, chief executive officer, Elucid. “A true thought leader, his expertise executing vision and growing organizations will help propel Elucid as we grow commercially and realize the next phase of our mission to provide comprehensive and accurate clinical insights that enable unprecedented precision healthcare for vascular disease.”Miller is a health technology veteran with an acumen for transforming startups and growth-stage companies into mature organizations

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