DynoSense is boldly going where no medical device firm has gone before, raising $9.4 million in a Series A round for its multi-function ‘tri-corder’ like health scanner device.
The Sunnyvale, Calif.-based company is developing a device it calls the Dyno, which the company claims will be able to capture more than 33 critical health metrics in less than a minute.
The health data is wirelessly uploaded to the company’s cloud platform where it can be analyzed or transmitted to healthcare professionals, the company said.
The funding round saw investor participation from Wi Harper group, JKOM Cloud Health Technology Co, Plug and Play Tech Center, JinMao Capital and Wilson, Sonsini, Goodrich & Rosati.
“Our mission is to be at the forefront of the digital healthcare revolution, a market anticipated to reach more than $26 billion by 2020. With the Dyno, we are marking a new paradigm in how patients can be remotely monitored for physiological changes. We believe this will open up a whole new era of disease prevention that will enhance delivery of care, resulting in leapfrog improvements in efficiency, health outcomes and cost reduction,” CEO Saeed Azimi said in a press release.
Dynosense said the device captures 5 fundamental vital signs, as well as other health metrics, including electrocardiogram for heart issues, photoplethysmography to detect blood oxygen, pulmonary plethysmography to detect respiration data, blood presure and temperatre changes.
“The Dyno is indicative of the cutting-edge digital health products that are being developed and brought to market by the experienced team at DynoSense. We believe the company has an extraordinary opportunity to help drive the innovative and disruptive digital trends that are shaping the future of the healthcare industry,” ” board member Paul Chau said in a prepared statement.