Sotera Wireless Completes $12.2M Series D Financing

Sotera Wireless, Inc., a San Diego CA-based medical device company, completed a $12.2m Series D financing.

The round was led by Singapore-based global fund, EDBI, with participation from new investor Cerner Capital and existing investors Sanderling Ventures, Qualcomm Ventures, Intel Capital and West Health Investment Fund.

Led by CEO Tom Watlington and President and CSO Matt Banet, Ph.D., Sotera Wireless has developed the ViSi Mobileā„¢ System, which is designed to detect early signs of deterioration through constant monitoring of all vital signs. 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 it is currently under review.

Sotera intends to use the funding to support the global launch and commercialization of the product after regulatory clearance.

FinSMEs

13/12/2011

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