AirStrip Raises $25 Million Strategic Funding Round


San Antonio, Texas-based digital health firm Airstrip announces a $25 million strategic funding round co-led by returning investors Sequoia Capital and Wellcome Trust, and new investor the Gary and Mary West Health Investment Fund. Additional capital was contributed by a number of Airstrip customers turned investors, including Hospital Corporation of America, Dignity Health, and St. Joseph Health.  The latest funding round bringing its total raised to $65 million since its 2004 launch.

AirStrip was an early example of a successful mHealth startup. The company builds mobile applications for clinicians that captures clinical data from desktop-based EHR systems and bedside patient monitors, and mobilizes that data by pushing it to an AirStrip smartphone or tablet-based app. AirStrip essentially works as a data integrator, sitting as a mobile-optimized overlay to legacy EHR systems, and adding real-time EKG and fetal monitor waveform feeds. By streaming waveforms to mobile devices, providers are able to monitor patients without having to be physically at the bedside.  Since its launch, AirStrip has excelled at pushing its solutions into the hands of clinicians, as CEO Alan Portela explains, “Right now one in six babies born in the US is monitored with AirStrip.”

A press release from the company reports that the new funding will be used to expand its product portfolio to include a real-time clinical surveillance system that would monitor changes in patient conditions and alert clinicians of concerning developments. AirStrip is also working on introducing a new home health product, and is starting development efforts aimed at expanding internationally.

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