Qualcomm and Intel-backed medical device manufacturer Sotera Wireless has raised $20.7m in a funding round that could rise to $53.9m, according to an SEC filing.
Sotera develops and sells equipment that monitors patients’ vital signs, enabling physicians to detect early signs of deterioration. Corporate venturing units Intel Capital and Qualcomm Ventures initially invested in Sotera’s $20.3m series B round in 2008 and have participated in every round since.
Sotera has now raised $78m in equity and $12.75m in debt financing since it was founded in 2002 and other investors include EDBI, Cerner Capital, Sanderling Ventures and West Health Investment Fund.