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Money Moves: 3 life science and health IT companies raise funds — and one goes public (featuring Strados Labs)

DateAugust 20, 2020
CategoriesCohort News
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Strados Labs has been awarded a National Science Foundation (NSF)Phase I Small Business Innovation Research grant for nearly $225,000 to conduct research on its wearable platform for remote respiratory monitoring.

The Old City-based startup, which raised nearly $2 million last year, makes a noninvasive respiratory smart system that consists of a “small, lightweight acoustic sensor array that records lung sounds and uploads them to a digital clinician portal,” the company said in an announcement. “Once the device has recorded the patient’s lung sounds, the clinician is able to access them remotely at any time for analysis.”

The work is especially relevant as medical professionals come to understand more about how COVID-19 can effect the respiratory tract, and this grant will be “instrumental” in Strados bringing the electronic stethoscope to more patients and clinicians, said Strados cofounder and CEO Nicholas Delmonico in a statement.

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