Skip to Content
Author: The BCW

Leave a Comment

Robotics Company Raises $32M in Additional Funding

Clarapath’s first robotic instrument, called SectionStar™, is a fully automated system which revolutionizes the reliability and efficiency of the pathology lab.

Clarapath, a robotics company aimed at catalyzing change in the way pathology laboratories process human and animal tissues, announced this week it has raised $32 million in additional funding.

The round included The 4100 Group, East Post Road Ventures (Investment Arm of White Plains Hospital), Epiphron Capital, Northwell Ventures, P5 Health Ventures, and participation from other strategic organizations. This brings the total raised by Clarapath to more than $39 million. Clarapath is automating processes around the way tissue is processed onto glass slides via “sectioning,” or cutting a cross-section of the tissue specimen.

The company’s first robotic instrument, called SectionStar, is a fully automated system which revolutionizes the reliability and efficiency of the pathology lab. This standardization in the quality of tissue sections is foundational for molecular mapping of human disease and in the development of new treatment pathways.

“This funding will help further develop SectionStar with the goal of launching in the non-clinical market in the very near future and targeting the large clinical market as our ultimate goal. The current funding will help us continue building our team, as well as supporting a robust sales and service effort for our customers,” said Eric Feinstein, CEO of Clarapath, who was recently named one of the 40 under 40 Rising Stars by The Business Council of Westchester.

Clarapath is headquartered and runs its medical device development in Hawthorne. It also has a CLIA-certified Clinical Research Organization (CRO) that serves clinical and research organizations by processing tissue, performing whole slide imaging, and providing automated image processing based in New York City at the New York Genome Center.

Similar News Items

More than 450 from business, not-for-profits and government were on hand Tuesday evening for the Business Council of Westchester’s Annual Hall of Fame Awards Dinner. This year’s program, which was held at the Glen Island Harbour Club in New Rochelle, honored business leaders and organizations who have transformed their industries and added to the economic […]

Read Article

Artificial intelligence, or AI, is impacting virtually every industry, offering opportunities to transform business as usual. Understanding the technology and how best to leverage its potential in real estate was the topic of a recent in-depth forum hosted by Fordham University’s School of Professional and Continuing Studies and The Business Council of Westchester. “Revolutionizing Real […]

Read Article

In a big boost for the City of Yonkers, the owners of Ridge Hill held a groundbreaking this week for the launch of a major redevelopment plan. “It’s good to see a company like North American Properties that has the ability to run shopping centers with the success they’ve had in this changing retail market,” […]

Read Article

Become A Member

Join the county’s largest and most influential business organization today.

The Business Council of Westchester is committed to helping businesses market, learn, advocate, and grow. Over 80 events and programs are offered every year, giving our members ample opportunity to connect and meet with businesses representatives in the Westchester community and beyond.
Back to top