Sibel Health scores $33M to scale wearable-based RPM platform

Medical technology startup Sibel Health recently garnered new funds to help achieve its mission of making health data more useful by developing wearable monitors for the entire clinical care continuum.

Sibel recently closed a $33 million Series B funding round, bringing its total funding to date to more than $50 million. The round was led by the Steele Foundation for Hope, a nonprofit that says it is focused on funding technology to heal “humanity’s hardest challenges.”

The startup was founded in 2018 as a spinout of the Querrey Simpson Institute for Bioelectronics at Northwestern University and the John Rogers Research Group with an initial grant from the Bill & Melinda Gates Foundation. It has headquarters in the Chicago area with offices in San Diego and Seoul.

While Sibel’s wearable sensor technologies now have applicability across the entire spectrum of patient care, the company started with a focus on premature infants in the neonatal intensive care unit, according to CEO Steve Xu. That’s how the startup got its name, which is derived from Cybele, an Anatolian mother goddess. Xu said it speaks to the company’s “unique commitment to maternal, neonatal and pediatric monitoring worldwide.”

Sibel’s core expertise is in the development of wearable sensors that maximize user comfort and ensure skin safety. Xu, who is a dermatologist, said that comfort comes first because “monitoring systems don’t work in patients who won’t wear them.”

The startup also prioritized user-friendliness when designing the software and mobile interfaces for Anne One, its FDA-cleared wearable remote vital monitoring platform. Using wearable sensors, Anne One captures users’ vital signs, including skin and body temperature, heart rate, respiratory rate, step count and body position. The platform is focused on producing accurate data that can be more useful for clinicians’ and patients’ treatment decisions, according to Xu.

Original Article: (https://medcitynews.com/2022/08/sibel-health-scores-33m-to-scale-wearable-based-rpm-platform/)