Waire Health is set to scale its remote ward monitoring technology, following a £2m funding round led by Eos Advisory, alongside Scottish Enterprise.
The money will see the Dunfermline-based company grow its management team, production and product development capabilities, with plans to accelerate expansion into global markets; including North America.
Waire Health’s remote patient monitoring device, C-Detect, operates in hospitals and homes autonomously, aiming to reduce costs and improve outcomes through continuous monitoring and artificial intelligence.
Launched in 2018, the company sells platform agnostic sensors primarily to healthcare technology platform providers, which in turn sell into hospitals and other healthcare organisations.
Dave Hurhangee, founder and chief executive of Waire Health, said: “The whole area of care at home got pushed over the edge during Covid - what many companies didn’t fully appreciate was the paramount importance of usability - if devices have to rely on mobile connections or Bluetooth, they become difficult to use from the outset, for both patients and healthcare providers.
“We bring design and detail from years of experience of working with the technology, and our devices fall back to cellular if Wi-Fi drops out.”
The device, which is manufactured at a facility near Edinburgh, has undergone trials with the University of California. Waire Health now has partnerships in place with the likes of global healthcare organisations and national governments.
Hurhangee began developing wearable technology for radiation monitoring on Ministry of Defence nuclear submarines based at Rosyth in the mid-eighties.
“If you can operate a monitoring device from a submarine, that gives you a strong foundation to build for applications across multiple sectors and environments,“ he explained. “Along these lines, we’re now branching out into sectors outside healthcare, so that will be part of our next phase of growth.”
Mark Beaumont, partner at Eos, said: “As healthcare systems in the UK and around the world move to remote monitoring and real time patient data, we see a huge opportunity for Waire Health to scale its C-Detect device.”
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