Marani Health, an AI-powered remote pregnancy monitoring platform, raised $3.7 million. SWL Healthcare Ventures led the round, with participation from new investor TFX Capital.
Including the latest funding round, Marani Health has raised more than $5.5 million to date. The company plans to use the new funds t to continue its efforts to get 510(k) clearance from the FDA.
“With billions spent annually in the U.S. on pregnancy-related complications, Marani Health’s comprehensive maternity health platform, which includes a proprietary sensing device, is the type of innovation we need,” Jodi Hubler, Marani Health.
Marani was previously known as Odonata Health. The company has six full-time employees and employed a total of 24 people.
Shelly Lanning of SWL Healthcare Ventures said, “the U.S. healthcare system is at a critical inflection point, and we believe Marani Health is well-positioned to capitalize on this shift. Marani Health’s holistic solution will help patients, providers, and payers contain expenditures while improving patient health and well-being.”
“We are incredibly excited about the momentum and impact this new funding and visionary board addition will have as we advance Marani Health towards clinical testing and future market introduction,” said Ann Holder, Marani Health founder, and CEO. “We are excited about the potential our technology has to change prenatal care and provide clinicians with more data in both telehealth settings and clinics. We are eager to make a positive impact.”
Marani, which makes remote fetal-monitoring recently pivoted from building its product for use in hospitals to a telehealth model, inspired in large part by the Covid-19 pandemic and the resulting increase in demands for remote care.
Remote health monitoring companies have raised $766 in 2020, according to Mercom’s latest funding report. Recently, Optimize.health, a remote patient monitoring platform, has raised $15.6 million.