What You Should Know:
– Israeli-based digital health startup Datos Health raises $7M in Series A funding led by Israeli venture fund Crescendo Venture Partners.
– The successful fundraising comes amid surging interest in the Datos’ versatile and robust remote patient care platform, demonstrated in its timely deployment to support leading US and Israeli healthcare providers – including Rochester Regional Health and Sheba Medical Center – to enable remote care and monitoring for home hospitalized COVID-19 patients.
Datos Health, provider of an automated remote care platform, today announced completion of a seven million dollar Series A round of financing led by Israeli venture fund Crescendo Venture Partners. The round also included participation from Industry Ventures, a leading US venture capital fund and existing investors Vertex and Angular Ventures.
The investment brings Datos’ total funding to $9.2 million and will help the company expand its sales and marketing efforts, accelerate product development, increase talent acquisition and foster the company’s rapid growth.
From Manual Processes to Automated Care Pathways
Founded in 2015, Datos Health provides a fully automated remote care platform that directly connects patients – from the comfort of their homes – with healthcare providers. Utilizing its robust data engine, Datos increases care teams’ patient management capacity, making it possible to safely monitor, detect, analyze and predict adverse events or other changes in patient conditions. This enables care teams to communicate and intervene in real-time to manage even the most complex medical treatment protocols.
“Both our new and existing investors have been incredibly supportive at this time, as our team works around the clock to offer healthcare provider partners the tools to quickly manage the transition of lower risk COVID-19 patients to home care environments,” said Uri Bettesh, Founder and CEO of Datos Health.
Bettesh added, “This investment round validates our mission to move care from the hospitals to the home and become the foundation for future bedless hospitals – the need for which has become painfully clear over the past several months. The positive feedback we’ve received from our customers demonstrates that Datos can become a crucial partner for health systems to help alleviate patient-overload on overburdened hospitals and improve the quality of care for patients who can be cared for at home.”
The successful fundraising comes amid surging interest in the Datos’ versatile and robust remote patient care platform, demonstrated in its timely deployment to support leading US and Israeli healthcare providers – including Rochester Regional Health and Sheba Medical Center – to enable remote care and monitoring for home hospitalized COVID-19 patients.
The Datos Health solution is specifically designed to support hospitals across the world to alleviate the strain on healthcare systems by helping to keep suspected coronavirus patients and those who are infected but do not require hospitalization, at home while still providing them with optimal care.
Datos Remote Care platform monitors three groups of people:
– Staff at low risk of exposure, yet required to report their temperature twice daily for 14 days
– Staff displaying symptoms and tested positive for COVID-19
– Patients required to self-quarantine for 14 days due to displaying symptoms consistent with COVID-19 but having not met the testing criteria.