Hill-Rom, Wells Fargo’s VC invest in Israel’s EarlySense

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CreaWorldNews
CreaWorldNews

TEL AVIV (Reuters) – EarlySense, an Israeli maker of medical monitoring systems, said on Monday it raised $39 million in financing led by medical technology firm Hill-Rom  and Wells Fargo Strategic Capital, the venture capital arm of Wells Fargo & Co.

Other new investors include BlueRed Capital, Israel Innovation Fund, Argos Capital and Hotung Capital. Existing investors, including Pitango Venture Capital and JK&B Venture Capital, participated as well.

EarlySense has developed a contact-free, under-the-mattress sensing platform that provides continuous monitoring for patients.

Hill-Rom’s investment comes on the heels of its launch of a hospital bed with integrated heart and respiratory rate sensing and analytics technology.

(Reporting by Tova Cohen)