Related AED firm Avive scores $22M

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Avive Options, maker of a related automated exterior defibrillator, has scooped up $22 million in Sequence A financing.

The spherical was led by Questa Capital, Catalyst Well being Ventures and returning investor Laerdal Million Lives Fund.

WHAT IT DOES

The startup gives a related AED that alerts customers close by when it receives experiences of potential cardiac arrest of their space. 

As a part of a partnership with emergency response platform RapidSOS, the machine may be dispatched by emergency communication facilities. It shows a map guiding customers to an individual experiencing a cardiac occasion. It additionally collects information from the scene to transmit to paramedics and different suppliers with a aim of enhancing care as soon as the particular person reaches the hospital.

The machine will not be but cleared by the FDA, and Avive stated it is awaiting outcomes from its submission. 

“Avive is altering the paradigm of response to cardiac arrest emergencies by our related platform,” cofounder and CEO Sameer Jafri stated in a press release.

“By getting lifesaving automated exterior defibrillator (AED) expertise within the arms of bystanders who can present fast assist when and the place it is wanted, and facilitating nearer collaboration with emergency responders and healthcare suppliers, we imagine our imaginative and prescient for a extra streamlined system of care can tremendously enhance the chances of survival.”

MARKET SNAPSHOT

Based in 2017, Avive scooped up $7 million in funding in 2020 and $3.4 million in 2018.  

One other firm that goals to make defibrillator expertise extra accessible, notably to these transitioning out of hospital care, is Aspect Science, which raised $145.6 million in Sequence C funding about two years in the past. Aspect makes a wearable private defibrillator that it says can detect and deal with deadly coronary heart rhythms that may result in sudden cardiac dying.

In 2020, SOS Alarm, the corporate that operates Sweden’s 112 emergency quantity, started a pilot program the place drones carried AEDs to individuals experiencing out-of-hospital cardiac arrests. Late final 12 months, a kind of drones helped save a 71-year-old man’s life after he suffered cardiac arrest whereas shoveling snow in Trollhattan, Sweden.



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