Outset Medical Raises $76.5M in Funding
Summary
Outset Medical, a San Jose, CA-based commercial-stage company delivering technology into the global dialysis market, raised $76.5m in Series C equity funding.The round was led by funds advised by T. Rowe Price Associates, Inc., with participation from existing investors Fidelity Management & Research Company, Partner Fund Management LP, Warburg Pincus, Perceptive Advisors and The Vertical Group.The company will use proceeds from the financing to expand the commercial introduction of the Tablo System in acute and chronic care markets in the United States.Using sensor-based automation, wireless data transmission and a touchscreen interface, Tablo allows patients to set up and monitor their own treatment independently without relying on clinic staff.It connects directly to regular tap water, purifies it on demand, and generates streaming dialysis fluid in real-time, while the patient is dialyzing.