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Cleveland Clinic company logo
Non-Profit Foundation
HEALTHCARE | Medical Facilities & Services / Hospitals
clevelandclinic.org

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Investments

19

Portfolio Exits

7

Funds

1

Partners & Customers

10

About Cleveland Clinic

Cleveland Clinic is a non-profit, academic medical center that provides clinical and hospital care and is engaged in research, education, and health information. Its mission is to provide better care for the sick, investigation into their problems, and further education of those who serve.

Cleveland Clinic Headquarter Location

9500 Euclid Avenue

Cleveland, Ohio, 44195,

United States

+1 800 223 2273

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Cleveland Clinic Rank

Research containing Cleveland Clinic

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CB Insights Intelligence Analysts have mentioned Cleveland Clinic in 3 CB Insights research briefs, most recently on Oct 30, 2020.

Latest Cleveland Clinic News

08:00 EDT Centerline Biomedical Announces Successful Structural Heart Animal Study

May 19, 2022

News provided by Share this article Share this article Centerline Biomedical executes animal study demonstrating 4D augmented reality navigation through complex structures of the heart CLEVELAND , May 19, 2022 /PRNewswire/ -- Centerline Biomedical, Inc. (Centerline) announced Thursday the completion of the second in a series of structural heart navigation animal studies. Physicians from Cleveland Clinic's top-ranked Heart, Vascular and Thoracic Institute evaluated the feasibility of applying the company's augmented reality image guidance technology to navigate structures in a beating heart. Structural heart disease is a multi-billion-dollar market and one of the fastest growing segments within healthcare. As the company grows the R&D pipeline for its novel 3D-GNC (guidance, navigation and control) technology, it has made structural heart disease a focus because of the limitations of x-ray fluoroscopy and the current need for multiple concomitant imaging modalities to complete certain procedures. Not only is navigating complex cardiac structures and device placement challenging, but the reliance on fluoroscopy also creates radiation exposure risk to the patient, physician, and staff. The investigational 4D-GNC technology builds upon the company's flagship IOPS® product with four-dimensional structural mapping and augmented reality guidance through the heart. Azeem Latib, MD, Section Head of Interventional Cardiology and Structural Heart Disease at Montefiore Health System commented, "Growth in this clinical field is advancing at a rapid pace, but the unsolvable piece has been fully integrating medical devices with enhanced navigation to improve safety and outcomes." The team of physicians and engineers were able to accomplish a number of key interventional tasks during this live animal study, including transseptal puncture to cross from the right to the left side of the heart, navigating catheters into all four chambers, and accessing key structures including the left atrial appendage and pulmonary veins. The navigation technology is meant to work in tandem with fluoroscopic X-ray imaging, but many of these tasks were accomplished using the 4D-GNC prototype alone. The precise real-time navigation through a moving structural heart map, synchronized to the EKG signal, made it straightforward to perform complex tasks, expressed Vikash Goel, Centerline Biomedical's Chief Technology Officer. Rishi Puri MD, PhD, a Coronary and Structural Heart Interventional Cardiologist at the Cleveland Clinic's Heart, Vascular and Thoracic Institute, serves as Principal Investigator for this study and plays a key role guiding the company's Structural Heart Disease strategy as a Scientific Advisor. "Dr. Puri was able to effortlessly navigate the entire heart using a novel, sensorized steerable catheter, changing its shape on the fly, without relying on fluoroscopy or echocardiography even within difficult-to-reach structures such as the right-sided pulmonary veins," commented Vikash. "This success gives us confidence that our technology will scale to a broad range of specialists to allow navigation with minimal radiation, minimal contrast media and minimal dependence on concomitant imaging modalities". Centerline is rapidly growing as it commercializes its FDA-cleared Intra-Operative Positioning System (IOPS®) product at leading US hospital systems. "The remarkable accomplishments witnessed today exceeded all expectations and will certainly prove to be a watershed moment for the company," said Phil Rackliffe, CEO. "Moments like these are only enabled by high-performing teams, acting on market insights, focused on a shared mission." *Drs. Latib and Puri are consultants for Centerline Biomedical. SOURCE Centerline Biomedical

Cleveland Clinic Investments

19 Investments

Cleveland Clinic has made 19 investments. Their latest investment was in Avaneer Health as part of their Seed VC on January 1, 2022.

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Cleveland Clinic Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/13/2022

Seed VC

Avaneer Health

$50M

Yes

14

10/13/2020

Seed VC

Advanced NanoTherapies

$5.3M

Yes

ForMED Ventures, and Undisclosed Angel Investors

12

6/20/2019

Series A - II

Xealth

$3M

Yes

5

10/25/2018

Series B

Subscribe to see more

$99M

Subscribe to see more

10

12/19/2017

Seed

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/13/2022

10/13/2020

6/20/2019

10/25/2018

12/19/2017

Round

Seed VC

Seed VC

Series A - II

Series B

Seed

Company

Avaneer Health

Advanced NanoTherapies

Xealth

Subscribe to see more

Subscribe to see more

Amount

$50M

$5.3M

$3M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

ForMED Ventures, and Undisclosed Angel Investors

Sources

14

12

5

10

10

Cleveland Clinic Portfolio Exits

7 Portfolio Exits

Cleveland Clinic has 7 portfolio exits. Their latest portfolio exit was Autonomic Technologies on January 01, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/1/2020

Acquired

1

10/18/2017

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

3/14/2014

IPO

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$99M

Subscribe to see more

10

1/17/2011

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

8/1/2008

Asset Sale

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$99M

Subscribe to see more

10

Date

1/1/2020

10/18/2017

3/14/2014

1/17/2011

8/1/2008

Exit

Acquired

Acquired

IPO

Acquired

Asset Sale

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

Cleveland Clinic Acquisitions

2 Acquisitions

Cleveland Clinic acquired 2 companies. Their latest acquisition was Mercy Medical Center on December 08, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/8/2020

$99M

Acquired

2

7/24/2019

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/8/2020

7/24/2019

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acquired

Subscribe to see more

Sources

2

10

Cleveland Clinic Fund History

1 Fund History

Cleveland Clinic has 1 fund, including Green Revolving Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/10/2016

Green Revolving Fund

$7.5M

1

Closing Date

5/10/2016

Fund

Green Revolving Fund

Fund Type

Status

Amount

$7.5M

Sources

1

Cleveland Clinic Partners & Customers

10 Partners and customers

Cleveland Clinic has 10 strategic partners and customers. Cleveland Clinic recently partnered with PathAI on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/2/2022

Partner

United States

What can Cleveland Clinic, PathAI learn from 1.5M pathology slides?

On March 10 , Cleveland Clinic partnered with pathology AI company PathAI to create a five-year research collaboration .

1

3/14/2022

Partner

United States

1

3/10/2022

Vendor

United States

PathAI and Cleveland Clinic Announce Collaboration to Build Digital Pathology Infrastructure and Evolve Use of AI-Powered Pathology Algorithms in Research and Clinical Care.

BOSTON and CLEVELAND -- March 10 , 2022 -- PathAI , a global leader in artificial intelligence - powered technology for pathology , and Cleveland Clinic today announced a five-year strategic collaboration that will focus on leveraging PathAI 's quantitative pathology algorithms both to conduct new translational research and for use as clinical diagnostics in multiple disease areas .

1

3/10/2022

Partner

United States

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10

12/1/2021

Partner

United States

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0

Date

5/2/2022

3/14/2022

3/10/2022

3/10/2022

12/1/2021

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

What can Cleveland Clinic, PathAI learn from 1.5M pathology slides?

On March 10 , Cleveland Clinic partnered with pathology AI company PathAI to create a five-year research collaboration .

PathAI and Cleveland Clinic Announce Collaboration to Build Digital Pathology Infrastructure and Evolve Use of AI-Powered Pathology Algorithms in Research and Clinical Care.

BOSTON and CLEVELAND -- March 10 , 2022 -- PathAI , a global leader in artificial intelligence - powered technology for pathology , and Cleveland Clinic today announced a five-year strategic collaboration that will focus on leveraging PathAI 's quantitative pathology algorithms both to conduct new translational research and for use as clinical diagnostics in multiple disease areas .

Subscribe to see more

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Sources

1

1

1

10

0

Cleveland Clinic Team

48 Team Members

Cleveland Clinic has 48 team members, including current Chief Executive Officer, Mike Kessel.

Name

Work History

Title

Status

Mike Kessel

Chief Executive Officer

Current

Tomislav Mihaljevic

Chief Executive Officer, President

Current

Scott Strong

Chief Executive Officer

Current

David Bronson MD MACP FRCP

President

Current

Nirav Vakharia

Mass General Brigham, Brigham Health, and Teach for America

President

Current

Name

Mike Kessel

Tomislav Mihaljevic

Scott Strong

David Bronson MD MACP FRCP

Nirav Vakharia

Work History

Mass General Brigham, Brigham Health, and Teach for America

Title

Chief Executive Officer

Chief Executive Officer, President

Chief Executive Officer

President

President

Status

Current

Current

Current

Current

Current

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