Heartflow Raises $316.7 Million in IPO at a $2.27 Billion Valuation

HeartFlow, a Mountain View–based medtech company, is transforming cardiovascular diagnostics with its AI-powered, non-invasive heart imaging platform. By generating personalized 3D models of coronary arteries from CT scans, the technology allows clinicians to evaluate blood flow and detect blockages without resorting to invasive procedures—an innovation that’s rapidly gaining traction among hospitals and health systems.

The company made headlines with its Nasdaq debut, raising $316.7 million at a $2.27 billion valuation. Priced at $19 per share, the stock opened at $28 and climbed as high as $31.50 before the day closed, marking a 47% surge. The IPO was backed by Bain Capital, highlighting strong investor confidence in HeartFlow’s growth potential.

Founded in 2007 by Charles A. Taylor, Christopher K. Zarins, and John Stevens, HeartFlow joined the unicorn ranks in 2017. Today, it stands at the forefront of AI-driven cardiovascular care—positioning itself as a disruptive force in the medtech sector and a company to watch on Wall Street.

Takeaways:

CategoryDetails
CompanyHeartFlow
IndustryMedtech / AI-driven cardiovascular diagnostics
HeadquartersMountain View, California, United States
Founded2007
FoundersCharles A. Taylor, Christopher K. Zarins, John Stevens
TechnologyAI-powered, non-invasive 3D heart imaging from CT scans
IPO DateNasdaq debut (2025)
IPO BackerBain Capital
IPO Proceeds$316.7 million
IPO Price$19 per share
Opening Price$28 per share
Peak Price$31.50 per share
First-Day Surge+47%
Valuation$2.27 billion
MilestoneReached unicorn status in 2017
Market PositionPreferred solution for hospitals seeking advanced cardiovascular care

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