- Companies
- Pulse
Pulse Valuation, Funding & Investors
Pulse is valued at $4.3B as of August 2021.
Last Pulse valuation
$4.3B
Series C · Aug 2021
Last Pulse funding round
$100M
Series C · Aug 2021
Cumulative funding Pulse raised
$100M
across 1 funding round
Key investors in Pulse
Hillhouse Investment
Goldman Sachs Asset Management
Boyu Capital
Philips
Boxin Capital
Linghao Touzi
About Pulse
Pulse is a French provider of cardiovascular imaging software for coronary artery assessment. Headquartered in Lyon, the company develops tools that compute fractional flow reserve, pressure drops, and plaque vulnerability from CT angiography scans. Pulse software integrates with scanners from Siemens Healthineers and Philips, enabling non-invasive FFRct analysis in clinics. Used in over 50 countries, the platform supports plaque characterization and endothelial shear stress mapping. Founded in 2016, Pulse partners with hospitals like Cleveland Clinic for clinical validation.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$4.3B (Aug 2021)
Sectors
Pulse Valuation
Pulse is currently valued at $4.3B, based on its Series C in August 2021.
The $100M round was led by Hillhouse Investment and Philips, with participation from Boyu Capital, Boxin Capital, Goldman Sachs Asset Management and Linghao Touzi.
Pulse valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2021 | Series C | $4.3B |
Pulse Funding History
Pulse has raised a total of $100M across 1 funding round.
Pulse funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series C | Hillhouse Investment (lead); Philips (lead); Boyu Capital; Boxin Capital; Goldman Sachs Asset Management; Linghao Touzi | $100M | $4.3B | Philips sold its Domestic Appliances business, a global leader in kitchen, coffee, garment care, and home care appliances including products like Airfryer and air purifiers, to Hillhouse Capital (also referred to as Hillhouse Investment). The unit operates in over 100 countries, employs more than 7,000 people, and remains headquartered in the Netherlands. The transaction was announced on March 25, 2021, and completed on September 2, 2021, subject to regulatory approvals. The deal values the business at an enterprise value of approximately EUR 3.7 billion, with total deal value reaching EUR 4.4 billion including a 15-year Philips brand license agreement valued at EUR 0.7 billion net present value. Philips received cash proceeds of approximately EUR 3 billion after tax and transaction costs. This sale concludes Philips' major divestitures, allowing focus on health technology. The Domestic Appliances unit reported EUR 2.2 billion in sales for 2020. Hillhouse aims to expand the business globally, particularly in new markets. No other investors like Boxin Capital, Boyu Capital, Goldman Sachs Asset Management, or Linghao Touzi are mentioned in connection with this deal, and the query's referenced date of February 8, 2021, precedes the announcement. No VC-style partial funding round matches the described investors; this is a full business acquisition. |
Who has invested in Pulse?
6 investors have backed Pulse across its funding rounds, including Hillhouse Investment, Goldman Sachs Asset Management, Boyu Capital, Philips, Boxin Capital and Linghao Touzi.
Lead investors include Hillhouse Investment and Philips.
Pulse Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Lead | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 6 Pulse investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialPulse Competitors
Pulse competitors include listed companies like Imeik Technology Development, BillionToOne, Abbott India and Bausch + Lomb, and private ones like Biomat USA and MiRus.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $4.2B | - | ||
| Private | - | - | $4.4B | - | ||
| Publicly listed | $366M | $232M | $4B | 9.5x | ||
| Publicly listed | $305M | $12M | $5.2B | 11.7x | ||
| Publicly listed | $722M | $199M | $5.7B | 7.4x | ||
| Publicly listed | $5.1B | $513M | $6B | 2.0x |
Pulse Public Comps
Pulse is still privately-owned, but its public comps include LivaNova, Integer Holdings, Andon Health, Hamamatsu Photonics, MGI Tech, Mirion, Imeik Technology Development, Ottobock, Jiangsu Yuyue Medical and Diagens.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.4B | ($131M) | 3.0x | 2.8x | (31.5x) | 11.9x | |||
| $1.9B | $292M | 3.0x | 3.1x | 19.3x | 14.5x | |||
| $204M | $74M | 20.0x | - | 55.4x | - | |||
| $1.4B | $272M | 3.0x | 2.7x | 15.0x | 14.0x | |||
| $414M | $19M | 9.1x | 8.2x | 194.7x | 80.4x | |||
| $925M | $201M | 5.3x | 4.5x | 24.4x | 18.0x | |||
| $366M | $232M | 9.7x | 9.5x | 15.3x | 16.6x | |||
| $1.9B | $435M | 2.7x | 2.6x | 12.2x | 10.1x | |||
This data is available for Pro users. Sign up to see all Pulse competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Pulse
| When was Pulse founded? | Pulse was founded in 2015. |
| Where is Pulse headquartered? | Pulse is headquartered in Shanghai, China. |
| Is Pulse publicly listed? | No, Pulse is a private, VC-backed company. |
| What is Pulse's valuation? | Pulse was last valued at $4.3B in its Series C in August 2021. |
| How much funding has Pulse raised? | Pulse has raised $100M across 1 funding round. |
| What was Pulse's last funding round? | Pulse's last funding round was a $100M Series C in August 2021, led by Hillhouse Investment and Philips. |
| Who are Pulse's investors? | Pulse's investors include Boyu Capital, Boxin Capital, Philips, Hillhouse Investment, Goldman Sachs Asset Management and Linghao Touzi. |
| Which companies are comparable to Pulse? | Companies comparable to Pulse include Biomat USA, MiRus, Imeik Technology Development, BillionToOne, Abbott India and Bausch + Lomb. |
See companies similar to Pulse
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




