Funding to fuel next key milestones as company continues to target asthma, COPD and infectious respiratory diseases in 2022
Philadelphia, PA January 5, 2022 — Strados Labs, a medical technology company harnessing the power of smart sensors, machine learning and proprietary algorithms to provide early detection and predictions of worsening respiratory diseases, today announced its pre-series A round of funding at $4.5M. Investors in the round included SOSV, cultivate(MD), Wavemaker360 Health, Blu Venture Investors and Broad Street Angels.
The new funding comes on the heels of major commercial milestones including FDA Class II 510(k) clearance and CE Mark for its flagship product, RESP™, key contracts with major pharmaceutical partners for use in decentralized trials, the submission of four significant abstracts to the American Thoracic Society, and the appointment of Steve Bishop, former P&G Healthcare CEO, to the Strados Labs Board of Directors.
“This next round of funding will allow us to scale RESP, conduct decentralized clinical trials, and bolster our proprietary lung sound and breathing pattern database to create the standard for acoustic biomarkers going forward,” said Strados’ co-founder and CEO Nick Delmonico. “What’s really exciting is that we are supporting pharmaceutical companies in their trials by helping them rapidly scale their digital therapeutics using our clinically validated measures for wheeze, cough and other adventitious breath sounds, or CABS—which is something no other cleared device can measure.”