AliveCor Lands $65M to Advance Remote Cardiology Platform Worldwide

What You Should Know:

Today AliveCor, the leader in AI-based, personal ECG
devices and cardiology platforms, announced they closed $65 million in Series E
funding to accelerate its growth.

To date, AliveCor’s FDA-cleared Kardia devices have
recorded more than 85 million ECGs. Since the pandemic began, nearly 15 million
ECGs were taken which is an increase of 70% year-over-year.

AliveCor, a Mountain
View, CA-based provider of AI-based
personal ECG technology and provider of enterprise cardiology solutions, today
announced their $65 million series E financing led by existing investors OMRON,
Khosla Ventures, WP Global Partners, Qualcomm Ventures and Bold Capital

Remote Cardiology Solutions

Founded in 2010, AliveCor, Inc. is transforming cardiological
care using deep learning. The FDA-cleared KardiaMobile device is the most
clinically validated personal ECG solution in the world. KardiaMobile provides
instant detection of atrial fibrillation, bradycardia, tachycardia, and normal
heart rhythm in an ECG. Kardia is the first AI-enabled platform to aid patients
and clinicians in the early detection of atrial fibrillation, the most common
arrhythmia and one associated with a highly-elevated risk of stroke. AliveCor’s
enterprise platform allows third party providers to manage their patients and
customers’ heart conditions simply and profitably using state-of-the-art tools
that provide easy front-end and back-end integration to AliveCor technologies.

Recent Milestones/Expansion Plans

To date, AliveCor products have served more than one million
customers around the world, and recorded more than 85 million ECGs. This vast
data set gives the company a meaningful advantage in building new AI-based
services to drive a new age of advanced and improved cardiological care.
AliveCor believes that comprehensive services coupled with AI-powered
diagnostics will have an ongoing impact on cost, quality, and most importantly
on responsiveness: resolving false positives and improving response time in
medical emergencies.

AliveCor plans to use funding to accelerate growth of
AliveCor’s remote cardiology platform both domestically and around the world.
The company’s AI-powered ECG determinations will be augmented with telehealth
services, as well as with detection and condition management services for
providers and institutions. The enhanced partnership with OMRON will also
position the company to include hypertension management within its service

“We are grateful for the continued confidence of our
investors” said Priya Abani, CEO of AliveCor. “This financing speaks
to the transformative power our technology brings to the healthcare system. We
remain positioned to fulfill our vision of delivering AI-based, remote
cardiological services for the vast majority of cases when cardiac patients are
not in front of their doctor.”

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