Transformative Raises $1.7M in funding After Developing Technology That Predicts Sudden Cardiac Arrest
New York, 27 JUL, 2020-- Transformative, a healthcare startup whose software predicts sudden cardiac arrest raises $1.7 million seed round, led by Tera Ventures.
The round includes funding from the Wellcome Trust, which provided Transformative a Healthcare Innovator Award, and from InHealth Ventures, which had previously invested in Transformative’s pre-seed round. Investors Andrus Oks of Tera Ventures and Nick Slater of AI Seed are joining Transformative’s board.
Transformative’s first patented technology predicts sudden cardiac arrest by analyzing data from patient monitoring devices that are standard in hospitals. Transformative will use its seed funding to obtain FDA clearance for its first product and to begin developing technologies that predict other life-threatening conditio...