Heart monitor developer Cardiac Insight has raised $7m in a series B round featuring Welch Allyn, a medical device maker with which it has signed a distribution deal.
Cardiac Insight, a US-based developer of heart monitoring equipment, raised $7m in a series B round led by medical device maker Welch Allyn on Monday.
The round also featured WRF Capital, the venture fund of Washington Research Foundation.
Cardiac recently launched Stealth, a disposable body-worn heart monitor. It will use the additional funding to further develop its sensory and computing technology, and for additional clinical research.
Following the investment, Cardiac and Welch Allyn will form a strategic partnership under which Welch Allyn will have exclusive distribution rights for certain Cardiac products.
Cardiac, a spin-out of Washington University, raised $2m in a series A round from private investors in January.
