AcuityMD said today it has raised $31 million in Series A funding for its medical device commercialization platform.
“With our new funding, we plan to double down on R&D by growing our engineering team from 15 to over 40 over the next year,” AcuityMD co-founder and CEO Michael Monovoukas said in a blog post. “We’ll also make our first go-to-market hires in sales and marketing and build out these new functions to supercharge our growth.”
Monovoukas said his company’s customers — which include Anika Therapeutics, ConMed, Cordis, and Olympus — “have identified over 40,000 new opportunities using our software, which translates to over $2 billion in new annual pipeline.”