Oxehealth, an Oxfordshire, England, UK-based provider of a a vision-based patient monitoring and management platform, secured £10m commitments.
The commitments, which will be delivered in two rounds across 2021 and 2022, have been underwritten by existing shareholders.
The company intends to use the funds for the commercial expansion of platform.
Led by Chief Executive Hugh Lloyd-Jukes, Oxehealth is advancing Oxevision, a vision-based patient monitoring and management platform helping clinicians to deliver care in inpatient and residential care settings.
Oxevision enables staff both to plan patient care and to intervene proactively to help patients. Unlike conventional remote patient monitoring companies, it includes a contact-free optical sensor which detects patient vital signs and behaviour and delivers a secure on demand video feed.
Oxehealth Service supports customers to deploy the Oxevision platform and to use it to create proactive, data-enabled systems of care that deliver not only a step change on deploying the system but also year on year continuous improvement in safety, quality and cost efficiency.