Monday, November 21, 2016
Statis Labs Raises $5M For Vital Signs Monitoring
Los Angeles-based Statis Labs, a developer of vital signs monitoring equipment, has raised $5M in a seed funding round, the company said last week. The funding was led by RTP-HC, and also included Wonder Ventures, Techstars Ventures, and others. Milena Adamian, MD, of RTP-HC has joined the company's board as part of the funding. Statis Labs is a spinout of the University of Southern California (USC), and came out of CEO Dinesh Seemakurty's personal experience seeing a love one passed away due to lack of adequate monitoring in a hospital in India. The company has been focused on making its products available in the development world, but also says it is looking at the U.S. market. Statis Labs was part of the Techstars/Cedars-Sinai Healthcare Accelerator, and already has its systems live in multiple hospitals in Bangalore, India.