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Funding Round

Saluda Medical raises $100M Series D to scale ECAP closed-loop SCS globally following RCT superiority data

PR Newswire1/16/2025·01/16/25🌐 Asia

Summary

Saluda Medical closed $100M in Series D financing to support global commercial expansion of Evoke — the world's first SCS system using Evoked Compound Action Potential (ECAP) measurement to automatically optimize stimulation in real time. Multiple RCTs have demonstrated Evoke superiority over conventional open-loop SCS for chronic pain. The round brings total funding to $220M+ and will fund expansion from Australia to US, European, and Asian markets.

Why it matters

Saluda raising $100M on the back of demonstrated RCT superiority makes this one of the most de-risked commercial scale rounds in neuromodulation history. The risk is commercial execution — building a global sales force, achieving insurance coverage, and converting DBS/SCS centers from traditional devices — not technology risk, which the RCT data has resolved.

#Spinal Cord Stimulation#Closed-Loop#Chronic Pain#Australia

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