UCLA spinout Hypothermia Devices graduated from a university-based accelerator in February and is now commercialising body temperature management devices for the medical and athletics markets.
Hypothermia Devices, a body temperature management device developer spun out from University of California, Los Angeles (UCLA), has secured $10.7m of a targeted $12m equity round from undisclosed investors, according to a regulatory filing.
Founded in 2016, Hypothermia Devices designs and manufactures body temperature cooling-and-heating machines that protect patients from slipping into therapeutic hypothermia while in ambulances and other intensive medical facilities.
The company’s subsidiary, Kelvi, markets an internet-enabled cooling-and-heating machine designed to help athletes manage their temperature.
Hypothermia Devices was co-founded by Julio Vergara, a professor of physiology at UCLA’s David Geffen School of Medicine, along with Raul Serrano, an electronic engineer in Vergara’s department and Lucas Restrepo-Jimenez, specialist neurologist and vascular neurologist in the Ronald Reagan UCLA Medical Center.
The spinout is a graduate of the Magnify incubator at UCLA’s California NanoSystems Institute having completed the program in February 2018.
