Stasis Labs, a Los Angeles, CA-based provider of cloud-powered vital monitoring system has raised $5M in seed financing led by RTP-HC, the healthcare-focused investment arm of RTP Ventures, with participation from Wonder Ventures, Techstars Ventures, and others. Founded in 2015, Dinesh Seemakurty got the idea for the startup after his grandfather was admitted to the hospital in India. His grandfather later prematurely passed away when doctors missed a deterioration in his vital signs due to a lack of adequate monitoring. “As a trained EMT, I knew the technology existed, and yet, hospitals weren’t buying it,” said Seemakurty.
Most hospital patients around the world are only seen by a nurse once every six hours. Due to the high cost and complexity of existing monitoring devices, these vulnerable patients are left alone without even a vitals monitor to watch over them. Tragically, up to 75% of injuries and deaths in hospitals happen to these vulnerable patients who lack basic medical supervision.
To resolve this, Stasis has built a cloud-connected vitals monitoring system that enables access to a fundamental medical tool around the world. The Stasis Monitor sits at the bedside and indicates the patient’s status through our unique iconic display. It is measured by six core vital signs:
– heart rate
– blood oxygen
– three-lead ECG
– respiratory rate
– blood pressure
– skin temperature
The Stasis System is currently live in multiple hospitals in Bangalore, India.
Green is good. Yellow is bad.
The monitor uses standard hospital probes to reach ICU-grade accuracy.
“Stasis will be using the funds to continue expanding throughout Indian hospitals and prepare to enter the US and other markets worldwide,” said Maylahn. The patient monitoring market is rapidly growing as non-ICU monitoring is increasingly prioritized, bringing it to a projected $26.2B market size by 2022. “