Raised 11.8$ Million from its smart socks
Can a pair of socks help those with diabetes avoid foot surgical removals of all or part of the limb?
That is one of the thoughts behind Siren, an organization that is building keen, washable fabric wearables — the first is a pair of socks intended to help those with diabetes monitor their foot health and identify dangerous wounds early. They've quite recently raised an $11.8 million Series B to help complete it.
The round was driven by Anathem Ventures and sponsored by Khosla, DCM, and Founders Fund. As a component of the raise, DCM's Jason Krikorian (fellow benefactor of Slingbox producer Sling Media) will join Siren's board.
Siren Co-founder Ran Ma tells me that amputation in patients with diabetes is generally the result of wound injury that goes undetected for a really long time. After some time, diabetes can cause nerve damage; when this nerve damage impacts the feet, patients can create wound injury and ulcers without noticing — no longer of any concern. Left untreated, these wound injuries can grow worse or get tainted to the point that amputation is required. Countless these amputations grow every year in the U.S. alone.
Siren's socks help detect wounds injury that may somehow or another go unnoticed by observing the temperature of six districts of the wearer's foot. If the one region seems to get significantly hotter than those around it, it could show ongoing inflammation brought about by an injury. The socks can interface with the patient's cellphone by means of Bluetooth to assist them with the result out for their feet — and, critically, that data is shot to their primary care physicians, who can look out for warnings.
That last piece is especially key at the present time. With the ongoing COVID-19 pandemic, many are trying to avoid doctor's offices and hospitals in the fair of being exposed to the virus infection; in this case, numerous hospitals have been restricting their increasingly normal/less earnest or non-essential appointments — including, for this situation, routine foot tests. Siren's socks let a patient's primary care physicians monitor their foot health from a remote place.
This organization has brought around $22 million up in financing; this $11.8 million Series B, a formerly undisclosed $6.5 million Series An of every 2018 and a $3.4 million seed round.
Ran Ma tells me that they've made Siren Socks accessible in 10 states up until this point, with plans to grow across the country before the current year's over.
News source: Techcrunch
