This morning Murj, developer of a digital data collection platform for implantable cardiac devices, announced that it raked in $8.5 million in a series B financing led by Longitude Capital, with participation from True Ventures and other existing investors.
The Santa Cruz, California-based startup focuses on helping doctors streamline care for patients with implantable cardiac devices. The company said that with the uptake of cardiac implants, doctors are dealing with more and more data. It plans to remedy this issue with a cloud-based platform that consolidates and analyzes the data. Currently the platform can be activated in 24-hours and doesn’t require any software installations.
“We are thrilled to have the support of Longitude Capital and our existing investors,” Todd Butka, Murj’s founder and CEO, said in a statement. “Cardiac clinics are seeking solutions that improve workflow productivity and deliver greater clinical insight, and the customer success of the past year is evidence that our platform delivers the solutions clinicians need. We look forward to working with Longitude Capital as we introduce Murj to a growing customer base.”
The platform lets physicians interpret and approve non-event transmission in “just two clicks.” It also automatically updates doctors on all devices that have been recalled.
The funding will be used to help the company expand its commercial growth of the cloud-based platform.
Along with the founding announcment, the startup named Managing Director of Longitude Capital Marc Galletti as a member of the board of directors.
“We are impressed with the Murj team’s dedication to their mission and believe the company’s technology is an unmatched, best-in-class solution,” Galletti said in a statement. “Murj is delivering much-needed innovation in the cardiac clinic to improve patient care and clinic workflows, and we look forward to helping them expand their leadership position.”
This is the company’s second funding round in a little over a year. In April 2017, the company announced that it had landed $4.5 million in venture funding. This latest round brings that company’s equity raised to over $13 million.