Scarlet

Scarlet

Certification framework for software medical devices

Overview

Scarlet provides a platform-based service for certifying Software Medical Devices. It targets manufacturers of medical software and regulatory bodies, offering a framework that enables scalable, continuous development and monitoring of software products to meet regulatory requirements. The platform streamlines the certification process by allowing both manufacturers and regulators to build, certify, and oversee software in a coordinated, ongoing cycle rather than a one-time check. Scarlet differentiates itself by addressing gaps in the current regulatory approach to fast-evolving health software, emphasizing scalable, continuous monitoring and collaboration between sponsors and regulators. Its goal is to get safe, life-saving medical software to patients faster while helping make healthcare more accessible and affordable for people everywhere.

About Scarlet

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

Industries

Consulting

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$27.4M

Headquarters

London, United Kingdom

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Co-founded in 2021 by James Dewar and Jamie Cox with AI expertise from Imperial College.
  • Expands to U.S. leveraging FDA's 510(k) reviews by private organizations.
  • Covers EU, UK, EEA, Switzerland, and Turkey jurisdictions with ISO 13485:2016 accreditation.

What critics are saying

  • FDA launches in-house AI/SaMD certification displacing Scarlet within 12-24 months.
  • TÜV SÜD or BSI acquires AI expertise capturing Scarlet's share in 18-36 months.
  • EU MDR tightens enforcement rejecting expedited approvals in 12-18 months.

What makes Scarlet unique

  • Scarlet specializes solely in certifying software and AI medical devices as Europe's only Notified Body.
  • Platform automates documentation checks and approves updates in days versus six to eight months.
  • Holds ISO 17021-1:2015 and EU Notified Body designation under Regulation (EU) 2017/745.

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Funding

Total Funding

$27.4M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$17.5M
Scarlet
$30M
Kalshi

Benefits

Health Insurance

401(k) Retirement Plan

Remote Work Options

Paid Vacation

Flexible Work Hours

Wellness Program

Mental Health Support

Conference Attendance Budget

Family Planning Benefits

Fertility Treatment Support

Professional Development Budget

Stock Options

Company Equity

Health Savings Account/Flexible Spending Account

Phone/Internet Stipend

Growth & Insights

Headcount

6 month growth

-3%

1 year growth

-5%

2 year growth

-5%

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