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January 7, 2019 12:37 pm

Hill-Rom, Wells Fargo’s VC Invest in Israel’s EarlySense

avatar by Reuters and Algemeiner Staff

The Tel Aviv skyline at night. Photo: Gilad Avidan via Wikimedia Commons.

EarlySense, an Israeli maker of medical monitoring systems, said on Monday it raised $39 million in financing led by medical technology firm Hill-Rom  and Wells Fargo Strategic Capital, the venture capital arm of Wells Fargo & Co.

Other new investors include BlueRed Capital, Israel Innovation Fund, Argos Capital and Hotung Capital. Existing investors, including Pitango Venture Capital and JK&B Venture Capital, participated as well.

EarlySense has developed a contact-free, under-the-mattress sensing platform that provides continuous monitoring for patients.

Hill-Rom’s investment comes on the heels of its launch of a hospital bed with integrated heart and respiratory rate sensing and analytics technology.

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