Datos Health, an Israeli startup that built a remote care platform, announced this week that it raised $7 million Series A funding round led by Israeli venture fund Crescendo Venture Partners. Industry Ventures, a leading US venture capital fund, and existing investors Vertex and Angular Ventures also participated in the round.
The round brings Datos’ total funding to $9.2 million and will help the company expand sales and marketing efforts and accelerate product development, according to a company statement.
Founded in 2015, Datos developed a hospital-grade remote care platform that offers a fully automated approach to patient care and data handling. Datos’ platform is being used at the Sheba Medical Center to care for coronavirus patients where medical teams can monitor, detect, and their conditions remotely. The company says its solution can also be used in cases of home hospitalization.
“The coronavirus pandemic has served as an unwitting catalyst for transforming healthcare systems around the world at a remarkable pace,” said Yuval Avni, Managing General Partner at Crescendo Venture Partners. “The demand for data-driven patient engagement and home hospitalization solutions is increasing rapidly, as hospitals seek to optimize resources and manage huge influxes of patients. The Datos team has responded to the current crisis, and the impressive early market adoption of its platform has confirmed to us that its approach to patient care and data handling can significantly support the needed shift to home hospitalization.”
Uri Bettesh, founder and CEO of Datos Health, said: “This investment round validates our mission to move care from the hospitals to the home and become the foundation for future bedless hospitals – the need for which has become painfully clear over the past several months.”
“The positive feedback we’ve received from our customers demonstrates that Datos can become a crucial partner for health systems to help alleviate patient-overload on overburdened hospitals and improve the quality of care for patients who can be cared for at home,” he added.