What is ControlRad?
Founded and headquartered in Norcross, Georgia, ControlRad is dedicated to mitigating the lifetime risk of radiation exposure associated with fixed and mobile C-arm procedures. Their innovative solutions are designed to protect both patients and healthcare practitioners from the cumulative effects of radiation. The company operates within the critical intersection of medical imaging and patient safety, a field experiencing increasing demand for advanced protective technologies. ControlRad's focus on reducing radiation exposure positions it as a key player in advancing safety standards within interventional radiology and other procedures utilizing C-arm imaging.
How much funding has ControlRad raised?
ControlRad has raised a total of $22M across 3 funding rounds:
Series A
$3M
Series B
$15M
Debt
$4M
Series A (2017): $3M, investors not publicly disclosed
Series B (2019): $15M led by Questa Capital
Debt (2020): $4M supported by SVB Financial Group
Key Investors in ControlRad
Questa Capital
Questa Capital invests in innovative healthcare companies that aim to enhance patient experiences, reduce costs, and improve overall population health. They partner with exceptional teams to support the development of next-generation healthcare solutions.
SVB Financial Group
SVB Financial Group offers commercial and private banking, asset management, private wealth management, brokerage & investment services, funds management, and business valuation services. The company was founded in 1983 and is headquartered in Santa Clara, California.
What's next for ControlRad?
The recent major strategic investment in ControlRad signals a pivotal moment for the company, likely enabling accelerated product development, market expansion, and enhanced sales and marketing efforts. Given the enterprise-level funding context, ControlRad appears to be in a scaling phase, poised to broaden its reach within hospitals and surgical centers. Future strategic initiatives may involve further technological innovation, strategic partnerships with medical device manufacturers, and expanding its global footprint to address the universal need for radiation safety in medical imaging.
See full ControlRad company page
