San Antonio-based AirStrip has raised $25 million in strategic funding led by new investor the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust with participation from other existing investors HCA and Qualcomm. Other new investors include two customers -- Dignity Health and St. Joseph Health (SJH) -- and investment bank Leerink Partners.
The company plans to use the funds to support continued growth for its AirStrip ONE mobile technology offerings, to expand into home health, and to expand internationally. It will also use it to integrate more analytics engines. AirStrip ONE promises to aggregate and integrate clinical data from disparate systems and make it accessible on mobile devices like iPhones and iPads.
“Right now one in six babies born in the US is monitored with AirStrip, and at-risk patients were monitored 1.2 million times in 2013 alone using AirStrip," AirStrip CEO Alan Portela said in a statement.
AirStrip's first product, AirStripOB was one of the very first smartphone apps to receive FDA clearance as a 510(k) class II medical device.
In recent years AirStrip has made at least two acquisitions. In early 2014 it bought the assets of Sense4Baby from West Health and in mid-2012 it bought technology from Palomar Health for accessing EHRs from mobiles.