# SpectraWAVE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spectrawave

- Industry: Medical Devices & Equipment
- Headquarters: Bedford, US
- Website: www.spectrawave.com
- Total disclosed funding: $63M
- Latest round: Series B (Sep 4, 2024)
- Investors on record: 7

## About

Based in Massachusetts, US, and founded in 2017, SpectraWAVE, Inc. operates as a medical imaging company that develops medical devices. The company was founded by Gregg Stone, Guillermo Tearney, James Muller, and Jeffrey O’Donnell. In September 2024, SpectraWAVE, Inc. raised USD 49.31 million in Series B funding led by Johnson & Johnson Innovation, Deerfield Management, S3 Ventures, Lumira Ventures, SV Health Investors, and Nova Venture Partners, LLC. The series B funding values SpectraWAVE, Inc. at USD 91.33 million post-money. As of 2024, the company is led by its CEO, Eman Namati.

SpectraWave develops intravascular imaging technology to improve coronary artery disease outcomes. The company’s product line includes the HyperVue Imaging System, which is designed to help doctors see inside arteries during procedures to optimize stent placement. The system combines two imaging technologies, DeepOCT and near-infrared spectroscopy (NIRS), to provide detailed pictures of plaque buildup inside arteries.

The company plans to utilize the September 2024 funding raised to accelerate the commercial expansion of its HyperVue Imaging System and develop additional features, including a wire-free physiology software add-on.

## Funding rounds

- Series B, Sep 4, 2024, $49M — SV Health Investors, Johnson & Johnson Innovation, S3 Ventures, Deerfield Management, Lumira Ventures, Heartwork Human Capital, LLC, Nova Venture Partners, LLC.
- Series A, Feb 3, 2021, $13M — Deerfield Management

## Investors

- Deerfield Management (https://capitalatlas.ai/funds/deerfield-management) — Series A, Series B
- SV Health Investors (https://capitalatlas.ai/funds/sv-health-investors) — Series B
- Johnson & Johnson Innovation (https://capitalatlas.ai/funds/johnson-johnson-innovation) — Series B
- S3 Ventures (https://capitalatlas.ai/funds/s3-ventures) — Series B
- Lumira Ventures (https://capitalatlas.ai/funds/lumira-ventures) — Series B
- Heartwork Human Capital, LLC — Series B
- Nova Venture Partners, LLC. — Series B