CalmWave—the creator of the Quiet ICU—announced that it has closed a $5.25 million financing round led by Third Prime. Participation came from Catalyst by Wellstar, Silver Circle, Rebellion, Impulsum, and existing investors Bonfire Ventures, Tau Ventures, and Hike Ventures. CalmWave will use the new funding to accelerate market penetration and strengthen and expand its GPO channel partnerships, including Premier and Partners Coop.
CalmWave is the first effective solution for addressing the endemic problem of alarm fatigue in Intensive Care Units (ICUs). And non-actionable alarms are alerts triggered by monitoring systems that do not require immediate intervention or clinical response. These alarms make up a majority of alarms in ICUs, which is a primary cause of alarm fatigue. Alarm fatigue occurs when the constant flood of alarms overwhelms clinicians and patients. This barrage of alarms not only heightens the risk of negative outcomes like ICU delirium, but it also strains healthcare staff, impacting overall patient care.
The CalmWave Operations Platform utilizes Transparent AI, making the reasoning and data behind its conclusions fully visible. And this approach empowers healthcare organizations to optimize operations and confirm they are making well-informed, data-driven decisions. To feed these models, CalmWave uses a hospital’s retrospective and real-time patient data, such as vital signs, interventions, and medication administration, to provide objective recommendations for reducing alarm fatigue. Implementing these recommendations by nursing staff improves the clinical work environment and patient care.
KEY QUOTES:
“We are dedicated to objectively improving healthcare, starting with eliminating non-actionable alarms in ICUs. We have demonstrated a 58% reduction in non-actionable alarms and increased safety in our retrospective analysis of one of our charter customer’s Cardiac Care units. We have strong momentum, and now, with this new investment, we are moving quickly to rapidly expand to additional hospital systems.”
– Ophir Ronen, founder and CEO, CalmWave
“CalmWave is driving rapid innovation in an industry that has long been seeking a solution but has been slow to evolve. Ophir is an accomplished leader and has assembled an outstanding team with unique expertise in deep technology and big data. CalmWave has built a world-class SaaS platform very quickly. The company’s vision to create the quiet ICU is a springboard towards highly optimized, data-driven hospital operations.”
– Keith Hamlin, co-founder and General Partner of Third Prime
