By Dave Muoio
MobiHealthNews — CloudCath, the maker of a remote monitoring platform for catheter-based treatments, has closed a $12 million Series A financing round. Capital Integral headlined the raise, which also saw investments from FundRx, The Capital Partnership, Coconut Tree Investments, Stanford University’s StartX Fund and other unnamed strategic and individual investors.
CloudCath’s initial product is a connected device and monitoring software designed for end stage renal disease patients receiving peritoneal dialysis in their homes. Placed around the bloodline tubes of a dialysis system by the patient, the device analyzes drainage fluid and, using proprietary algorithms, detects deviations in fluid property.
The device transmits notifications of such complications to the patient’s provider using a built-in LTE module. These alerts are surfaced on a patient management portal employed by their provider.