Photo - Remote cardiac monitoring
35826

Remote cardiac monitoring

USA, California
Market: Medicine
Stage of the project: Operating business

Date of last change: 02/09/2019
Min investment
$  200.000
0
Total required
$ 2.500.000
Rating
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Idea

Cardiomo provides a revolutionary 'continuous' cardiac monitoring wearable that tracks vital signs (ECG, heart rate, breath rate, skin temperature) using new generation bio sensors and AI to detect cardiac events with 99.63% accuracy, and provide early life-saving alerts.

Current Status

$600K raised
250 beta customers
Pilots - Luz Saude (Portugal), ArcelorMittal (Kazakhstan), Heart Institute, Dobrobut (Ukraine)
Partnership - Telefonica (Germany), Kyivstar (Ukraine)
Established manufacturing with robust supply chain

Market

Our market approach is mix of B2B and B2B2C, directly to the medical providers, and to end-users through channels such as Insurers, Telcos and Pharmacies.

Problem or Opportunity

As the global CVD death toll is 17 million people annually and keeps growing, early detection could save millions of lives.
The major problem with CVD detection is that 73% of people with cardiovascular diseases fail to notice or neglect early symptoms of their disease, hence turning to doctors too late or not at all.

Solution (product or service)

Our product is a waterproof wearable patch, which is suitable for long periods of wearing with a battery lasting for 10 days.  The data is channelled via a proprietary mobile app to a secure cloud and is analyzed using AI engine trained on existing and ever-growing data sets to enable early warning for heart diseases.

Competitors

These are our competitors: VitalConnect https://vitalconnect.com
iRhythm http://irhythmtech.com
AliveCor https://www.alivecor.com

Advantages or differentiators

We are uniquely positioned to enable preventive care, continuous cardiac monitoring. Most solutions available today are offline or short period or complicated or if on-line can measure 20% of vitals and not medical grade.

Business model

Revenue streams
Healthcare Providers (B2B – hospitals, caregivers)
Health Insurers (B2B – private, employees)
Sport & Geriatric (B2B2C – specialized retail chains)

Money will be spent on

Uses: FDA 501K and CE Mark approval, Serial Manufacturing, Growing the Team, and Market Entry.

Team or Management

Incubation/Acceleration programs accomplishment

Starta Accelerator, 2016 (USA, New York)
Vienna Business Agency Startup Package, 2017, (Austria)
Protechting bootcamp winner, 2018 (Portugal)
Plug and Play Health Program, 2018 (USA, Sunnyvale)

Won the competition and other awards

• Wearable Technologies Show, 2017 (London, the UK) Highly Commended in Digital Health Technology Nomination
• 7 Top Health Startups at Pioneers Festival, 2017 Austria
• 50 Top Startups at Cube Fair Tech, 2017 Germany
• 5 Top Startups in Preventive Medicine & Digital Patient Pathways at Health. Pioneers, 2017, Netherlands
• Sabit IT Starups alumna, 2017
• Winner of TechCrunch Meet up 2017, Poland
• finalist of Falling Walls, 2017 (Ukraine)
• Grant from BNP Paribas, 2017
• Winner of Engineering Startup Competition, 2017, grant from Noosphere Ventures
• Winner of Techstars pitch competition at CES 2018 (USA)
• Finalist of The American Heart Association HEALTH TECH COMPETITION, 2018, Chicago (USA)
• Woman of the Year 2018 in Ukraine Business Startup Nomination
• grant from CRDF Global - winner of CRDF Global Bootcamp Ukraine 2018
• winner of 2018 Global Startup Competition by Brinc, (San Francisco, USA)
• Plug and Play Health Program alumna, 2018, (USA)
• 40 under 40 Emerging Leaders in Biotech, (USA)
• The most powerful woman of Ukraine 2018 (28 place)
• Shortlisted for the Top 10 CEO in Healthcare at the Smart Health Conference , 2018 (Las Vegas, USA)

Invention/Patent

registered trade mark (USA, Europe, China, Ukraine)
provisional patents (USA)

Photos

Photo 1 - Remote cardiac monitoring

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address