AirStrip, provider of mobile healthcare applications that drive clinical transformation, has raised $25 million in a strategic funding round led by the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust that includes some of the most influential leaders in healthcare.
Hospitals are being overwhelmed by a flood of clinical data from multiple disparate sources, and their legacy IT systems are not equipped to manage the information and make it useful. AirStrip solves this challenge by integrating clinical data and making it accessible on mobile devices. Adoption of AirStrip’s interoperable mobility solutions are taking off, enabling clinicians and health care executives to provide better care, increase efficiency and reduce costs.
The funding will support the continued growth of the patent-protected AirStrip ONE® mobile technology solutions, expansion into the home health space, internationalization efforts, and accelerated integration with industry-leading analytics engines.
In addition to AirStrip’s existing investors, including Sequoia Capital, Wellcome Trust, Hospital Corporation of America (HCA) and Qualcomm Inc., new investors include:
– Dignity Health, a current AirStrip customer and one of the nation’s largest health care systems, is a 20-state network of nearly 9,000 physicians, 55,000 employees, and more than 380 care centers, including hospitals, urgent and occupational care, imaging centers, home health, and primary care clinics. Dignity Health previously selected AirStrip for clinical transformation initiatives in 2013.
– St. Joseph Health (SJH), a current AirStrip customer and not-for-profit health system providing care to communities throughout California, Texas and eastern New Mexico. Their services include 16 acute care hospitals, as well as home health agencies, hospice care, outpatient services, skilled nursing facilities, community clinics and physician organizations.
– The Gary and Mary West Health Investment Fund, which invests in businesses that share the mission of West Health—pioneering new and smarter technologies, policies and practices, to make high-quality healthcare more accessible at a lower cost to all Americans.
– Leerink Partners is a leading investment bank, specializing in healthcare. Leerink’s knowledge, experience and healthcare focus enable them to help corporate and investor clients define and achieve their strategic, capital markets and investment objectives.
“The success of this investment round shows deep industry support and validation of the AirStrip strategic vision,” AirStrip CEO Alan Portela said. “Right now one in six babies born in the U.S. is monitored with AirStrip, and at-risk patients were monitored 1.2 million times in 2013 alone using AirStrip. The market has responded with great enthusiasm to what we have accomplished to date. We expect to take our mHealth leadership to new levels with upcoming announcements around real-time processing and clinical data analytics. We are honored to announce that some of the most visionary and innovative leaders in healthcare are joining us to deliver on the promise of true mobile interoperability on a global scale.”