SecondWave Systems - About the company
SecondWave Systems is a series A company based in Minneapolis (United States), founded in 2019. It operates as a Digital medical imaging solution for healthcare professionals. SecondWave Systems has raised $7M in funding from Treo Ventures. The company has 601 active competitors, including 114 funded and 31 that have exited. Its top competitors include companies like HeartFlow, Oxipit and ScreenPoint.
Key Metrics
Founded Year
2019
Location
Minneapolis, United States
Stage
Series A
Total Funding
$7M in 2 rounds
Latest Funding Round
Investors
Ranked
19th among 601 active competitors
Employee Count
18 as on Aug 31, 2026
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SecondWave Systems's funding and investors
SecondWave Systems has raised a total funding of $7M over 2 rounds. Its first funding round was on Apr 08, 2025. Its latest funding round was a Series A round on Oct 22, 2025 for $*****. 4 investors participated in its latest round. SecondWave Systems has 6 institutional investors.
Here is the list of recent funding rounds of SecondWave Systems:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 22, 2025 | 1871470 | Series A | 3142121 | 5789183 | 9250339 | 8721417 |
Apr 08, 2025 | 5731472 | Series A | 7633920 | 5669114 |
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SecondWave Systems' founders and board of directors
Founder? Claim ProfileSecondWave Systems' employee count trend
SecondWave Systems has 18 employees as of Aug 26. Here is SecondWave Systems's employee count trend over the years:
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SecondWave Systems's Competitors and alternates
Top competitors of SecondWave Systems include HeartFlow, Oxipit and ScreenPoint. Here is the list of Top 10 competitors of SecondWave Systems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  HeartFlow 2007, Redwood City (United States), Public | Provides cardiovascular diagnostic support using analytics | $936M | 70/100 | |
2nd | Developer of medical imaging software for automated radiology diagnostic support | $6.69M | 68/100 | ||
3rd | ScreenPoint 2014, Nijmegen (Netherlands), Series C | Developer of artificial intelligence software for analyzing breast imaging mammograms | $47M | 64/100 | |
4th | Optellum 2015, Oxford (United Kingdom), Series A | Provider of AI-based cancer diagnostics platform | $20.6M | 63/100 | |
5th |  Vista 2012, Palo Alto (United States), Series B | AI-guided software for clinicians to automate MRI exams | $38.2M | 62/100 | |
6th | AI-powered tool for the detection of heart risk | $19.1M | 61/100 | ||
7th | Olea Medical 2008, La Ciotat (France), Acquired | Developer of medical diagnostic software solutions for image post-processing | $6.7M | 61/100 | |
8th | Skin Analytics 2012, London (United Kingdom), Series B | Provider of smartphone based skin cancer detection | $32.6M | 58/100 | |
9th |  Eyenuk 2010, Los Angeles (United States), Series A | AI based retinal image analysis for diabetic retinopathy | $43M | 56/100 | |
10th | Lantheus 2008, Billerica (United States), Acquired | Developer of diagnostic imaging agents and targeted therapeutics | - | 56/100 | |
19th |  SecondWave Systems 2019, Minneapolis (United States), Series A | Digital medical imaging solution for healthcare professionals | $7M | 53/100 |
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SecondWave Systems's Investments and acquisitions
SecondWave Systems has made no investments or acquisitions yet.
Reports related to SecondWave Systems
Here is the latest report on SecondWave Systems's sector:
News related to SecondWave Systems
Media has covered SecondWave Systems for a total of 2 events in the last 1 year.
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SecondWave Systems Secures New Investor to Expand Series A for Anti-Inflammatory TreatmentPR Newswire•Oct 22, 2025•SecondWave Systems, Sectoral, Treo Ventures, Scientific Health Development and 1 other
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