Sotera Wireless secures another $7 million

By: Brian Dolan | Jul 13, 2011        

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ViSi Mobile Design Concept

Design concept for ViSi Mobile - Not Yet FDA Cleared

Sotera Wireless has secured a new round $7 million in financing that includes a mix of debt and other securities. Some of Sotera Wireless’ previous investors have included West Family Holdings, Qualcomm Ventures, Intel Capital, Sanderling Ventures and Apposite Capital. Last April the company raised $10.75 million. Including the most recent $7 million, Sotera has secured more than $40 million.

Sotera Wireless, which changed its name from Triage Wireless in 2009, is currently developing wireless vital sign monitoring technology, called ViSi Mobile, for both hospital and home use cases. The company claims the technology will “enhance patient safety by enabling detection of early signs of patient deterioration without restricting freedom of movement.”

ViSi Mobile includes “comfortable body-worn sensors that allow for freedom of movement and multiple vital-sign capture, the technology also enables continuous accurate blood pressure measurement for ambulatory patients without the need for frequent cuff inflation.” The offering is compatible with standard Windows-based operating systems, according to the company.

Last year the company told Xconomy that it had hoped to commercialize its product offering by the first quarter of 2011, however, Sotera has not yet announced commercial availability or FDA clearance for its products.

Check out the SEC filing here.

  • http://kevinlmcmahon.com/ Kevin L McMahon

    I think one take away from this is to understand that it must be legal and an excellent wealth preservation strategy to split your investment in two: (1) donate money to a non-profit that provides testing, validation and marketing for cool new technologies and (2) invest in a startup that makes and plans to sell cool new technologies that then benefits from the activities of (1).

  • MobiHealthNews

    As far as I know, this is the only wireless health startup Gary West’s venture arm has invested in. Dr Eric Topol owns part of Sotera, too. 

    For those who don’t know — West funded and founded the West Wireless Health Institute and Topol helped found it as the original CMO.

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