Stamford, Connecticut-based Ambio Health, a company developing a low-cost platform for connecting home medical monitors, has raised a third angel round of $525,000. The money comes from mostly existing angels and one new investor, CEO Kevin Jones told MobiHealthNews. With its previous two raises, the company's total funding comes to $2 million since the company was founded in 2011.
The Ambio Remote Health Monitoring system, which debuted at CES in January, received FDA 510(k) clearance in July. The system adds wireless capability to standard home health monitors and automates data collection. Jones told MobiHealthNews in July that the company's wireless gateway system would sell for $19.99, as would each wireless connector, which plug into the USB ports of specific medical devices like Agamatrix's Presto blood glucose monitor or Homedics' BPA-060 blood pressure monitor.
Jones told MobiHealthNews that the funding, along with previous funding, will be used for product development, sales and marketing, and general operations.
When devices are connected to the Ambio system, they automatically log their readings and upload them to a secure, HIPAA-compliant web platform called the Ambio Care Portal. From there, readings can be viewed by family members, healthcare providers, and caregivers. In addition patients can set reminders for readings and medications, which can be delivered as phone calls, texts, or emails.
The platform is currently optimized for chronic disease patients, especially those with diabetes and hypertension, but upcoming products, including door and window sensors, will focus on supporting aging in place seniors.