Greenlight.guru, a compliance software as a service developer, has raised $1.25 million to support the public launch of a cloud-based quality management system for medical device companies. The backers include angel and strategic investors.
In a statement, greenlight.guru said it would use the funding to broaden engineering staff, product development, and to add customers.
The goal is to streamline the need to provide documents to regulators by making the process digital. Jon Speer, a spokesman for the company, pointed to an industry benchmark study noting that the majority of medical device companies still use paper-based quality systems.
The idea is to simplify compliance for companies looking to bring their products to market. A spokesman for the company said it offers an easy to provide documents supporting design development, quality management and FDA compliance forms. Its system is set up to make it easier and faster for companies to respond to queries from the FDA, potential customers and collaborators.
CEO and co-founder Dave DeRam said in the statement: “To have a single source of truth for making design decisions and standing up to an FDA audit is a game changer within the industry…Our customers recognize getting products to market with less risk, more features, ahead of the competition and with better patient outcomes is key to capturing market share.”
[Photo Credit: Quality Team from Big Stock Photo]
