Navigation Links
Sotera Wireless Completes $12.2 Million Series D Financing, Signs Agreement with Cerner
Date:12/13/2011

SAN DIEGO, Dec. 13, 2011 /PRNewswire/ -- Sotera Wireless, Inc. today announced the completion of a $12.2 million Series D financing led by Singapore-based global fund, EDBI. The round also included new investor Cerner Capital and existing investors Sanderling Ventures, Qualcomm Ventures, Intel Capital and West Health Investment Fund. The Company also announced it has executed a commercial agreement with Cerner, a leading health care technology company, which participated in the financing as Cerner Capital.

"I met the Sotera Wireless leadership team about a year ago and I was amazed by the truly revolutionary capabilities that they have built into their product, ViSi Mobile," said Paul Gorup, chief innovation officer and co-founder of Cerner. "We at Cerner believe in the power of innovation and decided to collaborate with Sotera Wireless to jointly make an impact on how vital signs for general care patients in hospitals are captured and documented."

Chu Swee-Yeok, chief executive officer of EDBI, said, "Health systems worldwide are facing the challenge of an increasingly high-risk and frail patient population. We believe Sotera offers a disruptive platform that will provide clinicians with the visibility they need for pre-emptive and preventative care. EDBI looks forward to actively assisting Sotera to tap into new business opportunities in the Asia-Pacific market to expand its global footprint."

The ViSi Mobile™ System was designed to benefit patient safety by detecting early signs of deterioration through constant monitoring of all vital signs. Patient safety is among the chief concerns of hospital clinicians and administrators faced with balancing quality, decreasing budgets and staffing resources.  

The Company submitted its first 510(k) application for U.S. marketing clearance of the ViSi Mobile System to the U.S. Food and Drug Administration in August 2011, and it is currently under review. The funding from the Series D financing will support the launch and commercialization of the product after regulatory clearance.

About Sotera Wireless

Sotera Wireless, Inc. is a medical device company dedicated to the 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 early intervention and rapid response, all without limiting the patient's freedom of movement. More information on the company can be obtained at www.soterawireless.com or by sending an email to info@soterawireless.com.

About EDBI

EDBI (EDB Investments) is a leading strategic investment firm headquartered in Singapore with a worldwide presence investing to drive growth opportunities within the knowledge and innovation-intensive sectors of Biomedical Sciences, Clean Technologies, Internet & Digital Media, as well as other strategic industry clusters with commercial potential. As a value adding investor, EDBI creates sustainable and synergistic partnerships with its portfolio companies, leveraging on its broad network of resources and experience to facilitate the companies' organic growth in Asia and the world, through their operations in Singapore. For more information on EDBI, please visit http://www.edbi.com.

Sotera™ Wireless and ViSi Mobile™ are trademarks of Sotera Wireless, Inc.  


'/>"/>
SOURCE Sotera Wireless, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Triage Wireless, Inc. Becomes Sotera Wireless, Inc.
2. Hello Health Inc. to Wirelessly Integrate the Hello Health® Patient Management Platform onto Qualcomm Lifes 2net Platform
3. BodyMedia Plans to Join Qualcomm Lifes Wireless Health 2net Ecosystem
4. CareFusion Launches Wireless Diagnostic and Monitoring Neurological Device
5. "TICH- BIOTRONIC Pacemaker Wireless Monitoring Services Centre" Founded
6. Fujifilm Expands FDR D-EVO™ Wireless Product Line With New 17x17 Inch Detector
7. Bioness Inc. Receives FDA Clearance and CE Mark for Its NESS H200 Wireless System for Hand Paralysis as a Result of Stroke and Other Central Nervous System Disorders
8. Aging-in-Place Research Breakthroughs To Be Presented At Wireless Health 2011 Conference
9. seca 360 wireless - The New Era of Measuring and Weighing
10. Ekahau Joins Forces with LPS Services to Deliver Location Tracking for HEALTHCAREwireless™ Solution
11. B. Braun Acquires Patent for Enhanced Wireless Communication Between Medical Devices and Hospital Information Management Systems
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016 ... of the "Structural Electronics 2015-2025: Applications, Technologies, ... In-Mold Electronics, Smart Skin, ... Photovoltaics Structural electronics involves electronic ... load-bearing, protective structures, replacing dumb structures such as ...
(Date:6/24/2016)... , June 24, 2016  American Respiratory Labs (ARL), a ... now able to perform sophisticated lung assessments in patients, homes, thanks ... Inc. Patients are no longer limited to having ... PRO ® , ARL patients like Jeanne R. of ... the comfort of her own home. ...
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ., ... developing innovative inhaled drugs, announced today that it was ... Investments reconstituted its comprehensive set of U.S. and ... "This is an important milestone for Pulmatrix," said Chief ... shareholder awareness of our progress in developing drugs for ...
Breaking Medicine Technology:
(Date:6/24/2016)... ... 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was out of ... verbally and physically. , “When something upset him, he couldn’t control his emotions,” remembers Marcy. ... throw rocks at my other children and say he was going to kill them. ...
(Date:6/24/2016)... ... , ... Comfort Keepers® of San Diego, CA is excited to announce they ... to drive cancer patients to and from their cancer treatments. Comfort Keepers provides ... life and ongoing independence. Getting to and from medical treatments is one of ...
(Date:6/24/2016)... NY (PRWEB) , ... June 24, 2016 , ... ... Haute Living, is proud to recognize Dr. Barry M. Weintraub as a prominent ... “the most beautiful women in the world, and the most handsome men, look ...
(Date:6/24/2016)... ... ... Venture Construction Group (VCG) sponsors Luke’s Wings 5th ... Woodmont Country Club at 1201 Rockville Pike, Rockville, Maryland, 20852. The event raised ... have been wounded in battle and their families. Venture Construction Group is a 2016 ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... skills and infrastructure. Most providers, however, are unsure how to move forward, given ... to define a path forward tailored to an organization’s specific needs. , ...
Breaking Medicine News(10 mins):