SpectraWAVE raises $50M for FDA-cleared intravascular imaging technology

SpectraWAVE, a Massachusetts-based imaging company focused on treatments for patients with coronary artery disease (CAD), has closed a $50 million funding round. Johnson & Johnson Innovation led the round, and other participants included S3 Ventures, Lumira Ventures, SV Health Investors, Deerfield Management, NovaVenture and Heartwork Capital.

The HyperVue system uses both DeepOCT and near infrared spectroscopy (NIRS) imaging to help guide stent placement during interventional cardiology procedures.

The funds, including a significant investment from Johnson & Johnson, are expected to go toward expanding access to the company's HyperVue Imaging System and exploring new features.

A glimpse into the future: FDA has cleared multiple AR, VR tools for cardiology

A demonstration of SenitAR's augmented reality (AR) technology for electrophysiology lab procedures during the Heart Rhythm Society 2024 meeting. This is one of at least six FDA-cleared clinical AR and virtual reality applications that aimed at enhancing cardiology workflow and patient outcomes. Photo by Dave Fornell

A demonstration of SenitAR's augmented reality (AR) technology for electrophysiology lab procedures during the Heart Rhythm Society 2024 meeting. This is one of at least six FDA-cleared clinical AR and virtual reality applications aimed at enhancing cardiology workflow and patient outcomes. Photo by Dave Fornell.

Heart teams already have access to several augmented reality and virtual reality offerings, and many more are on the way.