Murj said yesterday it raised $8.5 million in a Series B financing round, with funds slated to support expanding its cardiac device management platform.
The funding round was led by Longitude Capital and joined by True Ventures and other existing investors, the Santa Cruz, Calif.-based company said. As part of the funding round, Longitude Capital managing director Marc Galletti will join the company’s 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. 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,” Galletti said in a press release.
Murj said the financing round will help support commercial expansion of its cloud-based cardiac device management platform designed to improve workflow processes and improve outdated device management systems.
“We are thrilled to have the support of Longitude Capital and our existing investors. 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,” founder & CEO Todd Butka said in a prepared statement.
Last month, Murj said it launched the OnSite cloud-based in-office cardiac device management workflow platform.