Flywheel, a Minneapolis, MN–based company that provides a cloud-based solution for managing, curating, and analyzing medical imaging data, has secured $25 million financing round.
Investors
The oversubscribed equity round was led by Novalis LifeSciences and 8VC.
Novalis LifeSciences is a boutique investment and advisory firm based in Portsmouth, New Hampshire, specializing in the life sciences industry. Founded in 2017, the firm manages approximately $500 million in assets across multiple funds. Novalis focuses on technologies in sectors such as drug discovery, genomics, synthetic biology, and agricultural biotechnology.
8VC is a technology and life sciences venture capital firm based in Austin, Texas, with additional offices in San Francisco and New York. Founded in 2015, the firm manages over $6 billion in assets and invests in transformative technology and life sciences companies across sectors, including healthcare, logistics, defense, and IT infrastructure.
Flywheel Use of Funds
The company plans to use the proceeds to advance product development and support continued growth in imaging management for clinical trials and AI model development.
About Flywheel
Flywheel provides a medical imaging data management and analysis platform designed to accelerate biomedical research and AI development. Its cloud-native infrastructure enables pharmaceutical companies, academic medical centers, and technology innovators to aggregate, curate, and analyze large-scale imaging datasets. Flywheel serves 10 of the top 20 global pharmaceutical companies and 10 of the top 20 academic medical centers. Headquartered in Minneapolis, Minnesota, Flywheel’s offerings include advanced imaging and video annotation tools, as well as Flywheel Validated, a solution designed to support 21 CFR Part 11–compliant clinical trial workflows.
Funding Details
Company: Flywheel
Raised: $25.0M
Round: Equity Round
Funding Date: January 2026
Lead Investors: Novalis LifeSciences, 8VC
Additional Investors:
Company Website: https://flywheel.io/
Software Category: Medical Imaging Data Platform / HealthTech / Clinical Trial Software
Source: https://flywheel.io/2026/01/08/flywheel-reports-record-growth-2025/