AirStrip announced Tuesday that it has raised $25 million in venture capital.
The San Antonio-based company received the funding from the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust. Airstrip, founded in 2004, has raised $65 million in four rounds of investment, according to Crunchbase.
AirStrip’s main focus is taking all the data that flows through hospitals and doctor’s offices and putting on mobile devices so they can easily access it.
AirStrip’s technology enables healthcare providers to give patients better car, more efficiently and at a lower cost, according to the company.
The latest round of funding will let AirStrp expand into the home health space and expand internationally. It also plans to focus on integrating its products with leading analytics engines.
“The success of this investment round shows deep industry support and validation of the AirStrip strategic vision,” AirStrip CEO Alan Portela said in a news release. “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.”
For more on AirStrip, please read the profile Silicon Hills News did on the company.
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