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Sequoia, Wellcome Trust in $25m financing round for healthcare app provider AirStrip

27 Aug 2014

hospital-bed-521961-mSequoia Capital, Wellcome Trust and the Gary and Mary West Health Investment Fund have led a $25m funding round for mobile healthcare app provider AirStrip.

The funding will be used to support the continued growth of AirStrip ONE, which provides applications designed to drive clinical transformation.

Its uses include offering doctors real-time information via mobile devices and monitoring the health of babies remotely.

West Health Investment Fund manager Nicholas Valeriani said, “AirStrip is helping demonstrate how innovative, interoperable technologies can be integrated into the healthcare system to help transform how and where care is delivered to patients.

“Re-imagining healthcare delivery with smarter technologies and practices like these are fundamental to addressing the cost crisis in healthcare.”

Sequoia recently backed another healthcare-related company, taking part in a $32m financing round for personalised medical genetics business Assurex Health in a  earlier this year.

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