AirStrip Technologies, maker of mobile patient monitoring software, has landed a substantial investment from British charitable foundation Wellcome Trust, which supports commercialization of breakthroughs in biomedial research. The San Antonio-based company will use the funding to realize previously announced plans to help physician users extract data from electronic health records.
Per company policy, AirStrip is not disclosing the terms of the deal, but Dow Jones VentureWire pegs the amount at upwards of $10 million.
"We greatly appreciate this show of support from Wellcome Trust, which recognizes both the current impact and future promise of the AirStrip platform, particularly as AirStrip aggressively advances its plans to expand globally," AirStrip CEO Alan Portela says in a press release.
AirStrip is developing Apple iOS and Android mobile apps to offer users access to live readings from medical devices as well as patient data from EHRs, another step in the rapidly accelerating movement to integrate mobile technology in physician workflow. Portela tells Dow Jones that this will be the first native smartphone or tablet app able to pull in data from another vendor's EHR.
AirStrip acquired the technology in June from San Diego healthcare system Palomar Health.