Remote patient monitoring company Alio scooped up $18 million in the first close of a Series C funding round.
The raise was led by the Widjaja Family Investment Office with participation from existing investors, including Chase Field LLC and Thomas Krebs, former treasurer of medical device company Penumbra.
Alio said the Series C brings its total amount the company has raised to more than $50...
Alio announced it earned FDA 510(k) clearance for its remote monitoring system that collects data on skin temperature, auscultation, or internal body sounds, and heart rate.
The system, which received the greenlight in late March, is made up of the SmartPatch wearable sensor, its Bedside Hub which collects and uploads patch data, the Alio Medical Cloud that stores that information, and a...
