Led by Ally Bridge Group and with the assistance of its present shareholders, venture-backed Ceribell, Inc. has raised $50 million.
The funding was structured as an extension of its $53 million Collection C elevate, which was introduced in April 2021.
WHAT IT DOES
Ceribell developed a fast response electroencephalography (EEG) system to make diagnosing neurological sufferers extra environment friendly. It says that its know-how platform addresses the necessity to diagnose sufferers suspected of getting a seizure extra shortly through the use of its mind monitor for point-of-care seizure triage.
The corporate will use the funding to assist its ongoing industrial enlargement in emergency departments and intensive care items.
Moreover, the allocation will permit Ceribell to proceed leveraging machine studying and enhance EEG accessibility for different neurological circumstances past seizures.
“Based mostly on our progress up to now, it’s clear that the Ceribell Speedy EEG system is enhancing the standard of care seizure sufferers obtain within the hospital. We look ahead to persevering with to carry this novel know-how to extra ICUs and emergency departments, in addition to creating diagnostic and monitoring options for extra neurological indications impacting the lives of critically unwell sufferers,” Ceribell’s cofounder and CEO Jane Chao stated in an announcement.
Earlier this month, Ceribell introduced it has acquired FDA Breakthrough Gadget Designation to make use of machine studying to investigate EEG waveform knowledge to detect proof of delirium.
The Breakthrough Gadget Designation isn’t a advertising approval from the FDA, nevertheless it goals to speed up the overview of merchandise that would assist deal with debilitating or life-threatening circumstances. This system goals to promptly present sufferers and suppliers with entry to medical gadgets and protect the statutory requirements for the 510(ok) clearance. Ceribell’s EEG system has acquired 4 510(ok) clearances, with the first coming in 2017.
One other firm within the seizure-detection and care house is Epitel, which raised $12.5 million in Collection A funding earlier this yr to commercialize its wearable EEG system. Zeit is creating a stroke and seizure-detection headband, and picked up $2 million in late 2021.