Qualcomm Leads Investment Round in Wireless Medical Monitors

Triage Wireless has secured a $20.3 million investment round led by Qualcomm Ventures. Other participants in this round included existing investors Sanderling Ventures and 3i Group and new investor, Intel Capital. To date, Triage Wireless has raised $25.8 million.

The new proceeds will be used to fund the commercialization of the Company's wireless vital signs monitoring system, OmniScan, which features a novel proprietary method for measuring blood pressure.

"This strategic investment reflects confidence in our OmniScan Technology and its potential for mitigating the risk of medical errors and other adverse events by providing a novel approach to continuous vital signs monitoring," said Tom Watlington, Chief Executive Officer of Triage Wireless. "We are fortunate to have two premier technology companies as participants in this offering and look forward to working with them to advance wireless medical technology."

"The expanded implementation of monitoring technology in hospitals can not only improve care, but also enhance efficiency," said Nagraj Kashyap, Senior Director and head of Qualcomm Ventures. "We believe the wireless capabilities of the Triage technology will make such monitoring practical in both the hospital and the home settings, and we are pleased to participate in this offering."

Posted to the site on 31st March 2008