ClearCount Medical Solutions Closes $5M Series B Financing Round
Published On August 31, 2010 |
ClearCount Medical Solutions, a Pittsburgh, PA-based medical device company focused on patient safety solutions, closed its $5m Series B financing round.
Investors include both new and existing sharoholders, with participation from its leading backer Draper Triangle Ventures.
The company will use the funds to accelerate market penetration and research and development of its RFID-based patient safety applications for the operating room.
The ClearCount’s platform provides a comprehensive solution to improve efficiency while preventing medical errors. The SmartSponge and SmartWand-DTX systems are RFID-enabled applications for counting and detecting surgical sponges, thereby improving patient and operating room safety, enhancing productivity, and reducing cost.
Both products are exclusively distributed by Medline Industries.