EnsoData Raises $550K to Develop Software That Analyzes Sleep Data
Summary
The Madison, WI-based startup says it’s raised $550,000 in equity financing in a seed round led by HealthX Ventures, with some individual investors also participating.“By using technology from EnsoData, clinicians will be able to automate what has historically been a very manual and tedious review process to quickly gain insights and provide more personalized, proactive, and preventative care for their patients,” Mark Bakken, managing partner of HealthX Ventures, said in a statement.Rusk says he and Fernandez are working to assemble a group of regulatory experts to serve as advisors as the startup pursues a 510(k) clearance from the Food and Drug Administration.“After the FDA has signed off that [the software] is safe to use, we can go in and let [healthcare workers] start using it in a real clinic environment, and let them realize all the time savings that it can enable.” EnsoData plans to use some of the new money to add employees focused on sales and data science, according to a news release.“We’ve been talking to physicians with different specialties, and we’re building up a set of ideas for next applications.” He mentions critical care, diabetes care, cardiology, and urology as potential areas of future interest, but says his company “does not have a firm commitment to what exactly our second application is right now.” EnsoData will likely stick to software, Fernandez says, rather than trying to … Next Page »
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