Health informatics and data collection company Medical Informatics said it received $27 million, consisting of a $17 million Series B round plus $10 million in debt.
The round was co-led by Catalio Capital Management’s venture capital strategy and Intel Capital, while Catalio Capital Management led the additional $10 million in debt through its structured venture capital strategy.
New investors joined the round, including Notley and TGH Innoventures, with participation from existing investors TMC, DCVC and nCourage.
WHAT THEYRE DOING
The Texas-based company’s SaaS-based clinical platform Sickbay, which received 510(k) Authorization in 2015, provides hospitals with real-time waveform data from bedside devices, enabling remote “hospital-to-home” monitoring. Providers may merge this data with information from EHRs and other systems.
The company says the newly received funds will help grow and add deep product specialists and customer engagement members to its team to support strategic customer partnerships.
As part of the round, Jonathan Blankfein, director of Catalio, will join the board of directors of Medical Informatics, and Dr. Diamantis Xylas, head of research at Catalio, will join the board as an observer.
“With the technical resources of Catalio and the operational experience of Intel Capital, as well as the valuable industry understanding of new investor TGH Innoventures, we feel ready to continue to expand our services and improve patient care worldwide. world,” said Emma Fauss, co-founder and CEO of Medical Informatics. MobiHealthNews in an email.
Companies focusing on various types of remote patient monitoring have announced major funding rounds in 2022, including a real-world data analytics company Verana Healthwhich raised $150 million in Series E funding in January, bringing its total raise to over $288 million.
Newport Beach, California-based startup VivoSensea platform that helps stakeholders integrate wearable sensors into clinical trials to help monitor digital biomarkers, Marked $25 million in a Series A round of funding in March.
The Company based in San Mateo combines real patient data from multiple sources, including Apple Health, Fitbit, Epic and Dexcom, to assess care. It also offers an application and a platform, named Achievement, positioned as a research tool that allows patients to add their real health data for studies.