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Snap40 raises $8M for its AI-powered patient monitoring solution

Snap40, a Scottish startup that has developed an AI-enabled wearable device to help health professionals monitor patients either on the hospital ward or at home, has raised $8 million in seed funding. The round is led by ADV, with participation from MMC Ventures, and brings total funding to $10 million. Originally launched as a clinical pilot in August 2016, the Snap40 hardware and software platform initially set out to enable hospitals to monitor patients whose health is at risk of rapidly deteriorating while on ward, but has since expanded to increasingly focus on what happens after a patient is discharged, in addition to monitoring clinical trials. Claiming to have the same accuracy as ICU monitoring, the wearable device captures oxygen saturation, respiration rate, pulse rate, temperature, movement and posture. In addition to onboard sensors, the Snap40 platform offers integrations with other devices e.g. a BP cuff, weighing scales, a glucose monitor. It then feeds this real-time data to the cloud where it is analysed by the company’s proprietary algorithms to identify if a patient’s health is at risk and alert a physician proactively. In a call with Snap40 co-founder and CEO Christopher McCann he explained that where a patient has left hospital after an acute illness or has a long-term health condition, this can ultimately help to reduce hospital re-admission. In more extreme cases, it can also directly save lives. Let’s take cardiac arrest, for example. McCann cites a report published by the U.K. National Confidential Enquiry into Patient Outcome and Death (NCEPOD) in 2012 that found physiological instability (e.g. elevation of respiration rate or a decrease in blood pressure) was present six hours prior to arrest in 62 percent of patients and twelve hours prior to arrest in 47 percent. Conversely, that instability had not been picked up on in 36 percent of cases where earlier recognition could have improved outcomes. As another example, Sepsis, which McCann says is the number one cause of hospital readmission in the U.S., can be detected via an elevation in temperature, respiration rate or pulse rate and a drop in blood pressure or…

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