AirStrip Raises $25M to Bring Mobile Tech into Home Health
A provider of mobile healthcare applications raised $25 million in a strategic funding round led by healthcare investors.
The funding will support the continued growth of the patent-protected AirStrip ONE mobile technology solutions, expansion into the home health space, internationalization efforts and accelerated integration with industry-leading analytics engines, AirStrip says in a written statement.
Investors include Gary and Mary West Health Investment Fund, Sequoia Capital, Hospital Corporation of America (HCA), Wellcome Trust and global tech developer Qualcomm Inc, which has been very active in the healthcare and home health space as of late.
One in six babies born in the U.S. is monitored with AirStrip, and at-risk patients were monitored 1.2 million times in 2013 alone using AirStrip, says AirStrip CEO Alan Portela.
“We expect to take our mHealth leadership to new levels with upcoming announcements around real-time processing and clinical data analytics,” Portela says. “Some of the most visionary and innovative leaders in healthcare are joining us to deliver on the promise of true mobile interoperability on a global scale.”
In addition to AirStrip’s existing investors, new investors include health care system Dignity Health, nonprofit health system St. Joseph Health and investment bank Leerink Partners.
Written by Cassandra Dowell