DICOM Grid, makers of the leading cloud-based, medical image management suite has raised $3 million in venture debt financing from City National Bank to the Series B equity financing led by Canaan Partners last year. The latest funding brings its total funding to date at $34M. The company plans to use the new funds to ramp up sales and marketing efforts and accelerate product development.
To date, DICOM Grid has processed over 2 billion diagnostic images, more than 100,000 every month, and is used by big names like Mayo Clinic, Barrow Neurological Institute and Rush University Medical Center. DICOM Grid has gained major momentum over the past year, winning the prestigious KLAS award for best medical image exchange vendor and almost doubling its customer-base, which now boasts the Mayo Clinic, Barrow Neurological Institute and Rush University Medical Center as clients. Over 500 providers share images using the DICOM Grid platform today, resulting in nearly 2 billion diagnostic images housed, driven by health systems exchanging as many as 100,000+ diagnostic images per month securely through the DICOM Grid cloud.
Executives from NetSuite, Fitbit and Vlocity Join the DICOM Grid Leadership Team
In addition to its funding announcement, the company has appointed a new Chief Marketing Officer (CMO) and two new board members. James Ramsey, Marty Réaume, and Mini Peiris, join the DICOM Grid ranks as board members and CMO, respectively. Ramsey, Réaume, and Peiris share a common heritage in having helped grow SaaS pioneer NetSuite from startup through IPO to be the leading provider of cloud business management suites with revenue in excess of $556M worldwide. Collectively, these three SaaS veterans give the company proven leadership to scale sales, marketing and people management as DICOM Grid reimagines the world of medical image management with a laser focus on optimizing patient care.
In addition to his role on the DICOM Grid board, James Ramsey is co-founder and board member at Vlocity Inc, the rapidly growing provider of industry-specific cloud CRM apps. He is no stranger to the life science technology space, having been an early investor at Veeva Systems (NYSE: VEEV), a leading provider of supply chain management to the pharmaceutical industry. James also serves on the board at SPS Commerce, the retail industry’s largest trading community in the cloud.
New board member Marty Réaume currently serves as the Chief People Officer at Fitbit (NYSE: FIT) and is responsible for leading Fitbit’s global Human Resources initiatives. A seasoned HR executive, she has over 25 years of progressive responsibility as an HR leader and is passionate about building high performance talent and developing exceptional employees.
Mini Peiris joins DICOM Grid as Chief Marketing Officer. She most recently served as the CMO of OpenGov, an Andreessen-Horowitz and Formation8 backed early stage start-up. Prior to that, Mini gained invaluable SaaS experience at NetSuite Inc., where she spent 12+ years in Marketing and Product Management executive leadership roles impacting NetSuite’s worldwide go-to-market programs, product direction, and industry analyst relations as they grew from early startup in 2002, to successful IPO in 2007, to a $556M+ revenue business in 2014. With DICOM Grid, Mini gets back to her roots in healthcare, having begun her career as a research scientist at Janssen Pharmaceutica.