Ceribell Secures $35 Million in Series B Funding to Expand Rapid EEG System Commercialization

2018Year9Month25Day,VCBeat (WeChat ID:VCbeat) learned ， CeribellCompleted3500$10,000Bround of financing. This round of financing was led by new investorsOptimas Capital Partners Fund and The Rise Fund OPTIMASLead investor, with participating investors includingUCB and LivaNova。

Ceribell"Will use the financing to expand its innovative rapid response capabilities."EEG(EEG) System Commercialization.Ceribell's technology platform is designed to meet physicians' needs for rapid diagnosis of potential epilepsy patients and assist clinicians in making appropriate diagnostic decisions. CurrentlyEEGThe system has limitations.EEGMonitoring can take anywhere from several hours to several days, which may lead clinicians to overtreat or undertreat due to a lack of information. This is costly for the healthcare system, and patients face the risk of long-term brain injury or even death. Epilepsy patients (including those who can only beEEGEarly diagnosis and targeted treatment of non-convulsive epilepsy can significantly reduce mortality, secondary brain injury, length of hospital stay, and the risk of complications.

OptimasPartner & Chief Investment OfficerYongzhi Jiang stated: “CeribellTransforming the Monitoring and Diagnosis of High Prognostic RiskICUandED# Methods of Seizure Manifestation in Patients. Early and precise treatment for patients with epilepsy is crucial to their prognosis,CeribellProvides tools for early and precise diagnosis. We believe that,Ceribell“Breakthrough innovative technologies can not only save more lives, but also significantly improve patients’ quality of life.”

Currently, traditional scalpEEGThe main types of monitoring include video electroencephalography (VEEG), ambulatory electroencephalography (AEEG), and routine electroencephalography (EEG). These three types ofEEGMonitoring is time-consuming, requiring selective extraction of information; physicians must accurately interpret the raw, long-term continuous data recorded by the computer.EEGgraphics, and compile a credible and preciseEEGreport, thus requiring high technical standards, and due toEEGIt has certain sensitivity and specificity, which may lead to misinterpretation by physicians.Ceribell EEGThe system effectively improvedEEGthe current status of time-consuming monitoring and difficult interpretation.

Ceribell EEGThe system consists of a portable headband and a mobile recorder, which can acquire data and transmit it to compliantHIPAAStandard cloud servers enable experts to access patient data anytime, anywhere.EEG. Any healthcare professional can complete the setup within minutes, and the treating physician can use the patented brain stethoscope toEEGSignal-to-sound conversion for bedside triage simplifiesEEGInterpretation of.Ceribell EEGSystem at2017listed in the United States in [year], and obtainedFDA 510（k) license.

Image from the Ceribell official website

Headquartered in Mountain View, California,Ceribell，Inc.Committed to developing widely adopted, more effective, and more cost-effective solutionsEEGThe system is designed to improve the diagnosis and treatment of patients with epilepsy or those at risk.Ceribell EEGThe system can be operated by medical staff in6set up within minutes and features a patented brain stethoscope function that converts brainwaves into sound to detect seizures, greatly simplifyingEEGinterpretation. Therefore,EEGSystem not requiredEEGTechnical experts or professional translators can enable rapid clinical diagnosis.

The Rise FundIt is the world’s largest global fund organization, dedicated to achieving “full return,” which means delivering highly competitive financial returns while generating measurable, positive social and environmental impact. Rise FundByTPG GrowthManagement, Board Members Include:TPG GrowthFounder & Managing PartnerBill McGlashan 、Bono、Jeff Skoll、Mo Ibrahim、Laurene Powell Jobs、Anand MahindraandPierre Omidyar。Rise Fundaligns with the United Nations' Sustainable Development Goals.Rise FundInvesting in education, energy, food, agriculture, financial services, infrastructure, healthcare, and other sectors.