PyrAmes, Inc., a digital healthcare company focused on innovative products for continuous blood pressure monitoring, today announced the completion of a $6 million Series A financing. The investment round was led by GSR Ventures, with co-investments from Keytone Ventures, XTX Ventures and other investors.
“We are very pleased to secure this financing, which will accelerate the commercialization of our novel products for the benefit of both patients and clinicians,” said Xina Quan, PhD, Co-Founder and Chief Executive Officer, PyrAmes. “We are also thrilled to have the support of experienced digital healthcare investors such as GSR Ventures, Keytone Ventures and XTX Ventures, and world-renowned clinicians such as Dr. Thomas Fogarty, Dr. Thomas Krummel, and Dr. Peter Fitzgerald, as we develop our innovative platform.”
Proceeds from the financing will be used to further develop the Company’s technology through pilot-scale manufacturing, clinical validation studies, and regulatory agency reviews. The Company’s lead product, Boppli™, is designed for infants in the neonatal intensive care unit (NICU). At present, the only means for obtaining continuous blood pressure measurements in the NICU is to insert an arterial catheter, which is highly-invasive and can lead to severe complications for patients. Boppli™ is a wireless sensor band that can easily be placed around the baby’s wrist or foot. It is intended to continuously measure blood pressure without the risks associated with an invasive arterial line. Follow-on products are planned for adults in both inpatient and at-home settings.