Breaking
FDA 510(k)-cleared AI for angiography Series B reported Feb 2026 Nine US patents issued First clinical use of STEP enhancement in CTO PCI No new hardware - software rides on existing fluoroscopy Built in Concord, Massachusetts FDA 510(k)-cleared AI for angiography Series B reported Feb 2026 Nine US patents issued First clinical use of STEP enhancement in CTO PCI No new hardware - software rides on existing fluoroscopy Built in Concord, Massachusetts
Company Profile

AngioWave

AI that finds the blood vessels your angiogram was hiding all along.

Medical AI Cardiology FDA 510(k) Concord, MA
The Cath Lab, Right Now

A picture nobody could quite read

An interventional cardiologist stands over a patient, a coronary artery somewhere on the monitor knotted shut. The angiogram is there, looping in grainy black and white, and the path through the blockage is somewhere in that flicker - if only it would hold still long enough to be seen. This is where AngioWave Imaging works: not inventing a new scanner, but quietly improving the one already in the room.

AngioWave is a small Massachusetts company - roughly four people on payroll, an outsized board of cardiologists, and one stubborn idea. Its software, AngioWaveNet, takes the ordinary angiogram a hospital already produces and runs it through a deep neural network. What comes out the other side is the same heart, the same vessels, only legible. The company calls the technique STEP. Cardiologists, less poetically, call it "wait, I can see that now."

"AI Transforming Angiography." - AngioWave's tagline, and, conveniently, its entire business plan
The Problem They Saw

The leading cause of death has a visibility problem

Coronary artery disease kills more people than anything else on earth. The standard way to look inside a beating heart is fluoroscopic angiography - X-ray dye, a moving image, a clinician's trained eye. It works. It has worked for decades. The trouble is that the rawest, most decisive details - a thread-thin collateral vessel, the true entry point of a chronic total occlusion - can hide in the noise, the motion, and the milliseconds.

The industry's usual answer is to buy a better machine. New hardware, new install, new capital budget, new line in a hospital's already strained finances. AngioWave noticed something almost inconvenient: most of the missing information was already captured in the existing image. It just hadn't been read properly.

"Post-processing AI compatible with any fluoroscopic angiography system in a cardiac catheterization laboratory." - The company describing, in one breath, why it sells no hardware at all
The Founders' Bet

Brain math, pointed at the heart

The unlikely origin: the core mathematics came from pediatric neurosurgery. Co-founder William Butler, MD, a pediatric neurosurgeon at Massachusetts General Hospital, had developed wavelet and shearlet transform methods to study delicate neurovascular conditions in children. Vessels are vessels, it turns out, whether they sit in a skull or a chest. The same math that clarified a child's brain could clarify an adult's coronary arteries.

The other half of the bet is Aram T. Salzman, the CEO, a repeat founder who had previously started NovoBiotic Pharma and CRA Health. Butler brought the clinical insight and the patents; Salzman brought the unglamorous discipline of turning a clever algorithm into a cleared medical product. They wagered that a software layer - not a steel box - could become the thing every angiogram passes through.

CEO & Co-Founder

Aram T. Salzman

Serial healthcare founder. Previously launched NovoBiotic Pharma and CRA Health before betting on imaging.

CSO & Co-Founder

William Butler, MD

Pediatric neurosurgeon at Mass General and inventor of the wavelet-based imaging math behind AngioWaveNet.

Two founders, nine patents, and a whiteboard that started in a children's hospital. The heart was an afterthought - in the best way.

The Product

It reads time, not just pixels

Most image filters sharpen a single frame. AngioWaveNet is built differently. It is a spatio-temporal, convolutional deep neural network - which is a mouthful that means it watches how vessels move across an entire cine, interpreting motion, structure and time together. A flickering collateral that vanishes for three frames and reappears is exactly the kind of thing a human eye loses and a temporal model keeps.

Practically, it asks nothing new of the hospital. The software ingests standard DICOM XA cines from any fluoroscopy system, does its post-processing, and hands back a clearer version. No new install in the cath lab, no rip-and-replace. Clinicians have reported better visualization of vessel structures, faster procedural decisions, and more confidence navigating complex anatomy. The same applicability reaches beyond cardiology - peripheral artery disease, trauma, and neurology and stroke imaging.

"The STEP software identified both a crossing pathway and an epicardial collateral - neither of which was apparent on the unprocessed angiogram." - Paraphrased from the first published clinical use of AI-based STEP enhancement in a CTO case

How a brain algorithm ended up in a cath lab

Origin
Wavelet/shearlet imaging math developed for pediatric neurovascular conditions at Mass General.
2022
AngioWave Imaging founded in Massachusetts by Aram Salzman and William Butler, MD.
2023
Seed investment from DRADS Capital.
2024-25
FDA 510(k) clearance; nine US patents issued; clinical evaluation launched (NCT06348875).
2025
First published clinical use of AI-based STEP enhancement to aid CTO PCI planning.
2026
$10M Series B round reported.

Six lines, one stubborn idea. Note how long the gap is between "good math" and "thing a hospital can buy."

The Proof

Cleared, patented, and used on a real patient

Promising medical AI is common; cleared medical AI is rarer. AngioWave has FDA 510(k) clearance, nine issued US patents with more pending, and protection extending across the UK, Canada, the EU, Japan, China, Korea and Australia. The intellectual-property map is, frankly, larger than the company's headcount - which tells you where the value is concentrated.

The strongest evidence is a single case. In the first clinical use of AI-based STEP enhancement, the software surfaced a crossing pathway and a collateral vessel during a chronic total occlusion procedure - details that simply weren't visible on the unprocessed angiogram. One case is not a trial. But for a cardiologist standing over a blocked artery, it is the difference between guessing and seeing.

9
US Patents Issued
510(k)
FDA Clearance
7+
Countries Covered
$10M
Series B (2026)

Where the leverage sits

Relative weight of AngioWave's assets - illustrative, drawn from public filings and the company site. Not financials.
US Patents
9 issued
Intl. Coverage
7+ countries
Reg. Status
510(k) cleared
Headcount
~4 people

A lopsided chart on purpose: AngioWave is a heavyweight in IP riding on a featherweight payroll. That gap is the whole strategy.

The Mission

Be the layer, not the box

AngioWave's ambition is deliberately narrow and quietly large. It does not want to sell hospitals a new imaging system. It wants to be the post-processing layer that every angiogram passes through, on whatever hardware already happens to be bolted to the ceiling. Software scales in a way steel never will, and a coronary blockage in Boston looks much like one in Bangalore.

The supporting cast underwrites the seriousness: a board and advisory roster that includes cardiology figures like Deepak Bhatt, MD and Paul Ridker, MD. For a company you could fit in a single conference room, the gravity of the names around the table is its own kind of signal.

"AngioWaveNet improves visualization of blood vessels in angiographic imaging to support diagnostic accuracy for cardiologists treating coronary artery disease." - The mission, minus the marketing
Why It Matters Tomorrow

Back to the cath lab

Return to that cardiologist, that knotted artery, that flickering loop. The bet AngioWave is making is that the most valuable upgrade in the room is not a machine but a better way to read the one already there. If they are right, the next decade of angiography improves not by replacing equipment but by adding a thin, invisible layer of intelligence between the X-ray and the eye.

Now the angiogram loops again. Only this time the path through the blockage holds still long enough to be seen, the collateral that hid for three frames stays put, and the decision that took a guess takes a look instead. AngioWave didn't buy the cardiologist a new heart-imaging machine. It just made the old one tell the truth.