Advanced TeleSensors Inc., a digital health company whose genesis took places at Caltech, has raised nearly $2.8 million from investors, according to a filing with the U.S. Securities and Exchange Commission.
A report in the Los Angeles Business Business Journal said the company sold about $2.79 million in securities to 15 investors, based on the July 11 filing with the SEC.
Advanced TeleSensors Inc. markets Cardi/o, billed as “the world’s first wearable-less heart rate sensor,” which can be used by patients of any age.
The miniature device does not require special tools or a professional installer, and can seamlessly perform health and wellness checks just by pointing the device toward the person being monitored.
The device is linked to a mobile app and can detect heart rate, heart rate variability, and respiration rate and motion, through clothing, and blankets and even walls. The company bills it as “a huge leap for baby monitoring systems.” For adults, Cardi/o can provide real-time information while walking, talking, eating, sleeping, and doing yoga.
The device will be available by pre-order on December 1, according to the Advanced TeleSensors website.
Advanced TeleSensors employs nine people and was founded by a group of Caltech scientists.
With Cardi/o, and its upcoming iterations, the company intends to lead the new touchless evolution of physiological monitoring for years to come.
Advanced TeleSensors has secured exclusive rights to the technology and filed additional patents during development, according to LA Business Journal.
To learn more about the company and Cardi/o, visit www.advancedtelesensors.com.