Smart Medical Systems closed an $8 million series B financing round, which will primarily be used to commercialize its G-Eye system.
Here's what you should know:
1. Signet Healthcare Partners led the funding round.
2. The G-Eye system enhances polyp detection through the use of an add-on balloon device that attaches to endoscopes to improve colon visualization.
3. Smart Medical plans on using the funding to expand commercial activity.
4. Smart Medical will attempt to obtain FDA clearance for the device.