Signify Premium Insight: VC’s $3.6bn in a Quickly Maturing Market
Published: April 8, 2022
These headline figures only tell half the story, with large numbers of vendors choosing not to reveal the levels of funding they have secured. Circle Cardiovascular Imaging, for example, has reported raising almost $20m in funds, however, their latest undisclosed funding is estimated to be in the range of $75m-$100m, pushing the Canadian vendor’s total funding above $100m. This is a trend that is mirrored across the world. China’s Infervision raised $70m in series B funding, and $140m in series D funding, but did not disclose the results of its series C round. If this undisclosed round is taken into account, it is likely that the vendor has raised upwards of $300m in total, far higher than the $225m disclosed. Other vendors also share this dynamic, with Shukun Technology and Deepwise both harbouring far higher sums than publicly