Sotera Wireless Raises $14.8 Million in Funding

San Diego-based startup Sotera Wireless announces a $14.8 million boost in funding contributed in part by Safeguard Scientifics, Qualcomm Ventures, and Cerner Capital. The funding follows a brief moment in the national spotlight several weeks ago when Eric Topol, MD demonstrated the company’s flagship product, the VisMobile monitor, on NBC’s Rock Center.

VisiMobile is a touchscreen wireless medical device which is worn on the wrist and monitors key indicators, including blood pressure, heart rate, and respiration rate. Conceived as a way of enhancing vital sign monitoring for patients in low acuity and ambulatory care settings, the device pushes data across a secure communications platform to smartphones or tablets so that clinicians can review the patient’s vital signs on demand without having  to manually collect them. The VisiMobile technology was FDA cleared last summer.

A high-tech vital sign monitor is an interesting concept for low acuity environments, as it is not best practice to continuously monitor patients in these areas. Substantiating the cost to outfit low acuity and ambulatory units with new monitors will be an uphill battle for Sotera’s sales force, when resources are already stretched thin for hospitals and current practices are to simply collect vital signs manually once every four hours.

CEO Tom Watlington says the new funding will be used to bring the VisiMobile platform to scale and commercialize it for use across the nation’s more than 5,000 hospitals.

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