CAMBRIDGE, MA, Iterative Scopes, a startup developing precision-based gastrointestinal (GI) disease technologies and software, announced that it has raised $150 million in Series B financing to accelerate development of its core algorithmic innovations that are designed to transform gastroenterology care for patients.

The round was co-led by Insight Partners and Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake"), as well as by returning investors Obvious Ventures, Johnson and Johnson Innovation-JJDC Inc., Eli Lilly, Breyer Capital and other industry and financial leaders.