CalmWave raised $5.25 million in a funding round led by Third Prime to accelerate market penetration and strengthen GPO channel partnerships.
CalmWave raised $5.25 million in a funding round led by Third Prime to accelerate market penetration and strengthen GPO channel partnerships.
11/20/24, 2:13 PM
Location
seattleMoney raised
$5.25 million
Industry
health care
Investors
Hike Ventures, Tau Ventures, Bonfire Ventures, Impulsum, Rebellion, Silver Circle, Catalyst By Wellstar, Third Prime
CalmWave has closed a $5.25 million financing round led by Third Prime with participation from several investors. The capital will be used to enhance its presence in health systems and expand partnerships within the healthcare sector.
Company Info
Location
seattle, washington, united states
Additional Info
CalmWave's mission is to objectively improve healthcare, starting with safely eliminating non-actionable alarms. Alarms triggered by bedside monitoring systems that do not require immediate intervention or clinical response comprise 80-99% of all audible alarms in ICUs. These non-actionable alarms contribute to a well-recognized and widespread issue known as alarm fatigue. Alarm fatigue exists in every hospital and is rampant in the modern healthcare system. It is a great stressor for clinicians and patients, ultimately impacting patient outcomes and staff retention. Using Transparent AI, CalmWave outlines the rationale behind each optimized setting, empowering a hospital’s nursing staff to evaluate and implement optimized alarm limit recommendations in the monitor at the patient’s bedside. Implementing CalmWave remediates alarm fatigue and can improve staff retention and patient outcomes.