Lab Sensor Raises Funding
Lab Sensor Solutions, a startup based out of San Francisco raised a fund less than one million from the Launchpad Digital Health. However, the company did not disclose the exact amount to the media. The company had initially raised a fund of 425000 dollars from acquaintances.
About Lab Sensor Solutions
Lab Sensor is a company that produces sensors that can be used by labs and hospitals to track the location and temperature of clinical samples while they are being transported from one place to the other. This way, the quality of the samples is kept in check. It functions all throughout while the samples are being taken from the labs, to the storage and for analysis. This will be a direct and positive impact on patient care and safety, as the censors help to ensure that the samples are not spoiled due to unfavorable temperatures and other agents. The company has identified that most of the deaths that happen are due to wrong diagnosis and medical errors. And hence, it is important that all tests and reports are accurate. “If you look at the healthcare market in general, the number three cause of death is preventable medical errors. Seventy-five percent of diagnoses rely on a laboratory test. If the lab test is bad, your diagnosis is bad, and that can lead to a medical error and things go south pretty quick.” said JarieBolander, the CEO of Lab Sensor Solutions.
At present, Lab Sensor Solutions has six customers, and the funding will help the startup to expand its market.