Healthsense, Inc., a Mendota Heights, MN-based provider of wireless sensors and remote monitoring solutions for the senior care market, closed a growth capital financing round.The round was led by Radius Ventures, LLC, a focused health and life sciences venture fund, with participation from existing investors Ziegler HealthVest Partners, LP and its affiliate The Ziegler Companies, Inc.
Since the initial introduction of its first commercial product in 2006, Healthsense has emerged as a leader in Wi-Fi sensors, nurse call systems and advanced algorithmically-enabled remote monitoring solutions.
The company’s flagship product is the eNeighbor® system, which monitors individuals in their homes and automatically calls for help if it detects a possible problem. Developed under the direction of the National Institute of Aging (NIA) and the Defense Advanced Research Projects Agency (DARPA), the system utilizes a series of wireless sensors placed throughout the residence that capture the occupant’s activities of daily living.
The funding, of undisclosed amount, will support the company in accelerating its sales and marketing efforts and expanding its platform into new markets.
FinSMEs
25/08/2010