Scanadu Raises $10.5 Million
Scanadu is a health monitoring device startup that has raised $10.5 million in a first round of funding since their Indiegogo crowd-funding project launched in July. Scanadu raised nearly $1.7 million in the crowd-funding campaign.
Scanadu was formed at the NASA Ames Research Center and has developed a hockey puck shaped device known as The Scount that a user holds up to his or her head. The device can determine the heart rate, blood pressure, blood oxygen levels, and respiratory rate of the patient.
The Scout sends this information to an iOS or Android smartphone using Bluetooth. Scanadu is also working on a urine-analysis testing platform known as ScanaFlo. Relay Ventures led this round of funding with participation from VegasTechFund and Ame Cloud Ventures. Scanadu will be using the funding to bring their device to market and for FDA trials.