Greenlight Guru, developer of a dedicated Medical Device Success Platform (MDSP) has received an investment from JMI Equity, a growth equity firm focussed on investing in leading software companies, worth $120 million.
Over the past year, medical device companies were forced to adapt to many changes, including a tsunami of global regulatory updates, an increased need for cloud-based software due to remote work, and a rise in supply chain management issues. Greenlight Guru’s all-in-one medical device success platform enables device companies across the globe to bring products to market faster by streamlining the registration, approval, and certification processes while providing a single source of truth for quality, product development, and regulatory management.
The investment from JMI will enable Greenlight Guru to accelerate product development efforts, rapidly expand its product capabilities across the patient-centric value chain, and support global growth. After releasing Halo, an AI and ML-powered recommendation engine for medical device quality, the Greenlight Guru team is excited to help device makers continue to reimagine the way quality works, being proactive rather than reactive, and deliver on the promises of Smart Quality.
David DeRam, CEO of Greenlight Guru, said: “We listened to the needs of the medical device industry and chose JMI Equity as a strategic partner because they are experts at achieving growth by putting the customer first. We’ve been extremely deliberate when taking on investment because we wanted to ensure we found the right partner for us and our customers. This partnership will allow us to accelerate the value we provide to our customers as we remain committed to helping medical device companies get their life-changing products to patients and achieve our mission of improving the quality of life.”
Brian Hersman, general partner at JMI Equity, said: “Greenlight Guru’s platform is purpose-built to meet the needs of its customers in the medical device industry, helping them navigate an increasingly complex regulatory environment and manage risks across the entire product lifecycle. We are excited to partner with David and the entire Greenlight Guru team to support the company in its impressive growth trajectory.”
