Sotera Wireless develops and sells ViSi Mobile, a body-worn, wireless vital-signs monitoring system designed for continuous 'monitoring in motion.' The platform captures all vital signs with the intent to keep clinicians connected to patients in bed, out of bed, or during transport. Sotera positions ViSi Mobile as a way to enable real-time monitoring of entire hospital populations and to address gaps where many U.S. hospital beds are not continuously monitored. The company intends to use recent financing proceeds to build out its sales network and channel distribution partners, accelerate commercialization and clinical development, and expand availability to hospitals across the United States. Management emphasizes the potential to reduce avoidable deaths, lower healthcare spending, and support complementary products built on Sotera’s proprietary technology. The company is headquartered in San Diego, California. Sotera Wireless, based in San Diego, has developed the ViSi Mobile System, a wearable platform designed to continuously monitor all vital signs and detect early signs of clinical deterioration. The company submitted its first 510(k) application for U.S. marketing clearance of the ViSi Mobile System to the U.S. Food and Drug Administration in August 2011, and that submission is under review. Leadership includes CEO Tom Watlington and President and CSO Matt Banet, Ph.D. Sotera plans to use new funding to support the global launch and commercialization of the ViSi Mobile System following regulatory clearance. The product positioning emphasizes continuous, multi‑vital monitoring for earlier detection of patient decline. The company completed a Series D financing to fund next steps toward commercialization. Sotera Wireless is a San Diego, CA–based medical device developer and supplier of a new generation of comprehensive vital-signs monitoring. Its core product is ViSi Mobile, a monitoring platform for continuous vital-signs surveillance. The company completed a $10.75M strategic financing to advance commercialization of ViSi Mobile. The round is described as a Series C and was led by West Family Holdings. Existing investors Sanderling Ventures, Qualcomm Ventures and Intel Capital also participated. The company said it will use the new funds to further efforts aimed at commercializing ViSi Mobile.

Total raised

$38M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2013