Neteera, a Jerusalem, Israel-based contactless patient monitoring startup, raised additional $6.7M in Series B funding.
The round was led by Aescuvest, alongside Foxconn Technology Co., Ltd. (FTC), an associate of Hon Hai Precision Industry Co.
The company intends to use the funds to expedite production, meet the demand for its platform, and to recruit more installation and deployment personnel.
Led by CEO Isaac Litman, Neteera provides an FDA-cleared continuous, contactless, passive vital signs and bio-data monitoring solution that offers patient monitoring for the crisis ridden healthcare system and home health. Its sensing platform eliminates the need for device manipulation, removal of clothing, and caregiver presence. The technology is a based on a safe, maintenance-free, sub-THZ micro-radar on chip sensor solution that protects privacy as it is not based on a camera.
Outside of raising money, Neteera has been working on expanding access to its contactless patient monitoring platform. In 2023, the company began selling its solution to a large number of long-term care facilities in the US and has a significant pipeline of ordered products that are currently being deployed.
FinSMEs
31/10/2023