EarlySense Raises $20 M

Ramat Gan-based EarlySense, which provides solutions for contact-free patient monitoring, announced today that it has completed a $20 million financing round, led by Samsung Ventures with an investment of $10 million. Existing investors whose participation was also substantial include Pitango Venture Capital, Welch Allyn, JK&B, Proseed and Noaber. “We are happy to have Samsung join our vision of bringing smart sensors to health and wellness at homes, hospitals and long term care. As a global leader in consumer products, Samsung can increase our reach to homes and will facilitate accelerated growth in that market. We are also honored by the vote of confidence from our existing investors, including Welch Allyn and the ongoing partnership we share together. We have made great progress to date and look forward to our continued growth and introduction of our innovative technology into additional market areas, in an effort to save lives and improve quality of life,” said, Avner Halperin, CEO of EarlySense.