The wearable defibrillator developer, founded by Stanford adjunct professor Uday Kumar, has raised more than $145m that will support the launch of its lead product.
Element Science, a US-based developer of a wearable cardiac monitor based on research at Stanford University, has secured $145.6m on in a series C round co-led by Deerfield Healthcare and Qiming Venture Partners USA .
GV, a corporate venturing vehicle for internet and technology group Alphabet, also took part in the round, as did Cormorant Asset Management, Third Rock Ventures and Invus Opportunities.
Founded as Revive Defibrillation Systems in 2011, Element has created a wearable device called the Jewel Patch Wearable Cardioverter Defibrillator for cardiac patients transferring from the hospital to their home.
The system detects and treats life-threatening arrhythmias – irregular heartbeats – in patients that temporarily have a heightened risk of sudden cardiac death, The series C financing will fund the final clinical studies for Jewel Patch in addition to its commercial launch.
The company’s founder, president and chief executive is Uday Kumar, adjunct…
