US-based Inbox Health raises US$ 15M in Series A funding

Sibel recently closed a USD 33 million Series B financing round, bringing its total funding to more than USD 50 million.

The Querrey Simpson Institute for the Bioelectronics at Northwestern University and the world-famous John Rogers Research Group have formed the award-winning medical technology company Sibel Health. 

The Steele Charity for Hope, a private foundation looking to fund solutions for humanity’s most challenging problems with a focus on technology and creativity, led the funding round. 

Steele Foundation for Hope’s CEO, Joe Exner, said: 

“The most accomplished scientists and engineers in the world established Sibel. We invested in their inventiveness to expand wireless data collecting and bio-integrated sensors to advance better care, particularly for women and babies in impoverished nations. A prior convertible note from Dräger, a top medical and safety technology provider, is converted to stock.

With the funds, Sibel will expand the global deployment of its FDA-cleared ANNE® One platform for use throughout the whole continuum of care, from the home to the hospital. 

Steve Xu, MD, CEO, and co-founder:

“We believe everything matters, from the adhesive we use on the skin to how the sensor fits the body to the last alert a clinician sees for medical decision-making. What makes us unique as a digital health startup is that our product is vertically integrated. We’re pleased that our technology may be used for remote patient monitoring in the neonatal critical care unit and the home.”

Steffen Protsch, director of Sibel and president of monitoring at Dräger, said:

“As the early investor in Sibel, we have been awed by the business’ rapid technological advancement and expansion. We are eager to incorporate and expand their technologies into Dräger’s hospital customer offers.”

More about the startup:

Sibel Health is a recognized leader in digital health to provide Better Health Data for All. The company’s FDA-cleared ANNE® platform, based in the greater Chicago region with offices in Seoul (South Korea) and San Diego, incorporates advanced wearable sensors, AI-enabled data analytics, and an integrated mobile app and cloud platform. Some of the most reputable healthcare organizations in the world are partners with Sibel.

Sibel’s revenue has grown significantly since 2020 due to collaborations with top Fortune 500 firms and financial assistance from the National Institutes of Health, the Bill & Melinda Gates Foundation, and the U.S. military. The recruitment of new management will accelerate Sibel’s shift to scaled commercialization.

Sibel has also disclosed the hiring of two new executives. Former Preventice CEO and Co-founder Jon Otterstatter will serve as board chairman after Boston Scientific acquired Preventice in 2021. A leading authority on cutting-edge body-worn sensors and former CTO and Cofounder of toSense and Sotera, Matthew Banet, Ph.D., comes as president from Baxter International.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.


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