# Piccolo Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/piccolo-medical

- Industry: Medical Devices & Equipment
- Headquarters: San Francisco, US
- Website: www.piccolomedical.com
- Total disclosed funding: $5.5M
- Latest round: Series B (Oct 2, 2023)
- Investors on record: 1

## About

Based in California, US, and founded in 2016, Piccolo Medical, Inc. operates as a developer of a medical device that processes streams of dilution data and provides guidance to aid catheter navigation. In October 2023, new investor Event Capital Strategies led a USD 5.5 million series B funding for Piccolo Medical, Inc. As of October 2026, Augie Shanahan is the Chief Executive Officer (CEO) of the compay.
In June 2026, Spectrum Vascular, a portfolio company of SK Capital and Event Capital Strategies, acquired Piccolo Medical, Inc. Financial terms of the transaction were not disclosed.

Piccolo Medical is a firm that produces and sells the SmartPICC System, a device that assists doctors in correctly and precisely placing PICCs (peripherally implanted central catheters). The SmartPICC System guides the PICC from the insertion site to the superior vena cava using dilution technology and machine learning. This helps to limit the possibility of catheter misalignment, which can lead to issues including thrombosis. The firm's product eliminates the need for chest X-rays, saving clinicians time and money while also lowering patient radiation exposure.

The company plans to use the October 2023 funding to innovate the company’s SmartPICC, a catheter tip localization and navigation system.

## Funding rounds

- Series B, Oct 2, 2023, $5.5M — Event Capital Strategies

## Investors

- Event Capital Strategies (https://capitalatlas.ai/funds/event-capital-strategies) — Series B