Sway Medical develops mobile software for neurological assessment, offering patented tests that leverage the accuracy of sensors built into any mobile device. Its FDA-cleared testing platform allows users to test balance and cognitive performance in the clinic or remotely on any mobile device. The company is an MDSAP-certified medical device manufacturer with regulatory clearances in the United States, Canada, the European Union and Australia. Founded in 2011 by CEO Chase Curtiss and based in Tulsa, Oklahoma, Sway intends to use the Series A proceeds to expand in Tulsa by adding to its product team and sales organization. It closed a $4.2M Series A financing to fund that expansion. The company's product and international clearances position it for broader clinical and remote-use adoption. Sway Medical develops Sway Balance, a mobile medical diagnostics app that uses motion sensors in smartphones to perform clinical-grade balance testing. Led by founder and CEO Chase Curtiss, the app provides a mobile alternative to standard pen-and-paper diagnostic tests and can show whether a person has probably suffered a concussion. Sway Balance is available for medical professionals and distributors on the Apple iOS App Store and gathers evidence in moments. Its technology is currently used for instantaneous clinical management of concussions in athletes aged 10 through adulthood. Future versions are planned to assist monitoring patient outcomes in physical therapy, orthopedic and primary care practices, senior living facilities, and worksite medical clinics. The company also announced a strategic partnership with ImPACT Applications to create new tools and expand distribution at sporting events. Sway Medical completed a $750k tranche of its Series A and has raised $1.325m in total funding to date. Sway Medical Technologies is a Tulsa, OK-based mobile software company founded in 2011 and led by CEO Chase Curtiss. It develops medical-grade mobile applications to monitor patient outcomes in orthopedics, geriatrics, and pharmacology, and to provide on-field assessment of concussion symptoms in athletes. Its initial product, Sway Balance, is an FDA-cleared balance system that uses existing hardware in mobile devices for stability assessment. The company recently closed $700K in funding, with $300K invested by the OKAngel Sidecar Fund, managed by i2E, Inc., and the remainder from Oklahoma-based angel investors. Sway Medical's software-focused approach centers on leveraging mobile devices for clinical and field assessments. The OKAngel Sidecar Fund is one of three Accelerate Oklahoma! investment vehicles created in 2011 by i2E in partnership with the Oklahoma Department of Commerce and the U.S. Treasury State Small Business Credit Initiative.

Total raised

$6M

Funding rounds

3

Latest round

Series A

Latest activity

Sep 2020