Financial

The company provides a cloud-based remote patient monitoring and analytics solution that promises to reduce preventable hospital admissions.

The new funds will be used for the European market entry of Humedics' proprietary LiMAx test and the corresponding FLIP diagnostic device.

The company will use the money to launch new products, and add various social elements to its mobile apps to incentivize users' exercise.

Biosensor manufacturing partner NGK SPARK PLUG led the round, which invested approximately $5 million, and also included current investor Simul Investments.

By closing this round, MD Insider became #1 most active company and the #1 company by size of investment on the popular startup equity investing platform.

The system counts surgical sponges that have blood on them and sends data from the app to the cloud where all the processing is done.

The company is looking to transform medical imaging and non-invasive surgery by leveraging advances in semiconductors, deep learning and cloud computing.

Digital health startups skyrocketing funding record is in direct correlation with players such as Google, Merck and BlueCross BlueShield getting into the game.

Sequoia Capital led this most recent round with participation of existing investors, including Madrone Capital Partners and Sigma West.

The healthcare startup is interested in accelerating medical advancement by bringing 21st century technology into living systems research.