Money Moves: 3 life science and health IT companies raise funds — and one goes public (featuring Strados Labs)

Strados Labs has been awarded a National Science Foundation (NSF)Phase I Small Business Innovation Research grant for nearly $225,000 to conduct research on its wearable platform for remote respiratory monitoring.

The Old City-based startup, which raised nearly $2 million last year, makes a noninvasive respiratory smart system that consists of a “small, lightweight acoustic sensor array that records lung sounds and uploads them to a digital clinician portal,” the company said in an announcement. “Once the device has recorded the patient’s lung sounds, the clinician is able to access them remotely at any time for analysis.”

The work is especially relevant as medical professionals come to understand more about how COVID-19 can effect the respiratory tract, and this grant will be “instrumental” in Strados bringing the electronic stethoscope to more patients and clinicians, said Strados cofounder and CEO Nicholas Delmonico in a statement.

“There are currently no effective ways to capture abnormal patient lung sounds remotely, putting patients at risk between rounds and face-to-face doctors’ visits,” he said. “This grant will help us change that.”

As Delmonico told Technical.ly at the time of the 2019 raise, Strados was inspired by the founder’s own respiratory issues that landed him in and out of many nurse’s offices and emergency rooms for most of his childhood.

Money Moves: 3 life science and health IT companies raise funds — and one goes public