SOTERA WIRELESS COMPLETES SERIES C FINANCING LED BY WEST FAMILY HOLDINGS, LLC
April 19, 2010 | Sotera Wireless
Sotera Wireless, Inc. a developer of patient monitoring technology, announced completion of a $10.75 million strategic investment round led by West Family Holdings, LLC. Other participants in this Series C round included existing investors Sanderling Ventures, Qualcomm Ventures and Intel Capital.
“The healthcare leaders of the future will include those companies that deliver innovative healthcare solutions with superior outcomes at lower costs,” said Gary West, who is also founder and chairman of the West Wireless Health Institute (WWHI) in La Jolla, Calif. “Sotera’s novel technology for monitoring all of the vital signs will be a valuable safety net for seniors and people suffering from chronic diseases who want to live independently, but be connected to their doctor if there is a problem.”
Sotera will use the new funds to further efforts aimed at commercializing ViSi MobileTM, their next generation vital signs monitoring platform.
About Sotera Wireless, Inc.
Sotera Wireless, Inc. is a medical device company dedicated to development, marketing and sale of a new generation of comprehensive vital signs monitoring. Sotera’s mission is to improve patient safety by empowering clinicians to detect early signs of deterioration in virtually any care setting and enable rapid response and early intervention, all without limiting the patient’s freedom of movement. More information on the company can be obtained at www.soterawireless.com.