US-based medical device maker DynoSense closed a $9.4m series A round yesterday backed by healthcare services provider Jkom Cloud Health Technology.
Accelerator Plug and Play Tech Center, legal consultancy Wilson, Sonsini, Goodrich and Rosati, venture capital firm WI Harper and investment firm Jinmao Capital also contributed funds to the round.
DynoSense’s flagship product, Dyno, is a small, handheld scanner which is able to measure 33 health metrics including blood pressure and core body temperature within 60 seconds. The captured data is then uploaded to the cloud where it can be analysed and accessed by healthcare professionals.
The series A capital will enable the company to seek regulatory approval in the US, and bring the device to market. It follows a $700,000 round in September 2014 funded by chief executive Saeed Azimi and other, unnamed investors.
Azimi said: “With the Dyno, we are marking a new paradigm in how patients can be remotely monitored for physiological changes.
“We believe this will open up a whole new era of disease prevention that will enhance delivery of care, resulting in leapfrog improvements in efficiency, health outcomes and cost reduction.”