ten3T Secures Pre-A Funding to Advance Cicer Wearable for Real-Time Patient Vital Monitoring

VCBeat (WeChat ID: vcbeat) has learned that on April 1, 2019, medical device company ten3T announced the completion of its pre-A financing round, with the specific amount undisclosed. The round was led by ITI Growth Opportunities Fund, with participation from pi Ventures and private investors from the angel round. ten3T had previously completed its angel financing round in December 2016.

ten3T will utilize this funding to expand the application scenarios of its core product, Cicer, such as in-home care, ambulance monitoring, and pharmacovigilance research. Cicer is a patch approximately the size of a palm that can monitor patients’ electrocardiograms (ECG), respiration, pulse, and body temperature in real time, transmitting reports instantly to doctors’ tablets and nursing stations. Additionally, Cicer can detect blood oxygen saturation and blood pressure, feeding real-time data into algorithms. In the event of a sudden medical crisis, the device can identify changes in vital signs and promptly send life-saving alerts. This enables many smaller nursing homes to provide monitoring while patients are mobile or even at home, without requiring admission to an Intensive Care Unit (ICU).

Cicer Schematic (Source: ten3T Healthcare Official Website)

ten3T is a clinical data monitoring company that leverages its patented platform of intelligent, medical-grade wearable devices and AI-driven analytics for health monitoring. Founder and CEO Rahul Shingrani holds a degree in Biomedical Engineering from the University of Mumbai and has previously worked at major healthcare companies such as Siemens, Philips, and Johnson & Johnson. Chief Operating Officer Prasad Bhat is a biomedical engineer who graduated from the University of Texas at Arlington. He brings extensive experience in the development and certification of medical devices, having contributed to projects including patient monitoring systems, pulse oximeters, and ECG analyzers.

Cicer Monitoring Information Flow (Source: ten3T Healthcare Official Website)

Mohit Gulati, Founding Partner of the ITI Growth Opportunities Fund, stated, “Cicer makes post-ICU care easier, more convenient, and smarter, demonstrating strong growth potential.”

Manish Singhal, Chief Operating Officer of pi Ventures, added, “ten3T combines the best IoT technologies with AI algorithms to create world-class products. This is an emerging industry, and we believe Cicer can be widely applied in clinical trials, out-of-ICU settings, home monitoring, mobile monitoring, and ambulances.”

ITI Growth Opportunities Fund is a venture capital firm in India, established in 2018. Its primary investment areas include health technology, fintech, retail, artificial intelligence, and machinery. Due to its recent establishment, the firm has completed only three investment projects to date.

(Compiled by Yang Shaobo)