CalmWave, a Seattle, WA-based company that leverages artificial intelligence (AI) to bring operational health to hospitals to improve nurse retention and patient outcomes, announced that it closed oversubscribed $4 million in seed funding.
The round was led by Bonfire Ventures, with participation from Tau Ventures, AI2 Incubator, Seachange Ventures, Hike Ventures, and the co-founders of PagerDuty.
CalmWave will use the funds to hire top talent, launch new marketing initiatives, and continue to develop and launch innovative products to bring operational health to health care.
“As the largest segment of the healthcare workforce, nurses are dramatically affected by false alarms and ICU noise. Nearly 50% of nurses report suffering from burnout,” said, CalmWave CEO and Founder, Ophir Ronen. “We envision a day where Operations Health is the definitive measure of performance for healthcare providers. We aim to provide an objective, repeatable, and comprehensive AI-powered analytical scoring system to improve hospital operations – starting with alarms – and improve the lives of patients, their caregivers, and providers.”
CalmWave’s platform uses AI and expert services to help healthcare organizations optimize operations and make data-informed decisions.
Company: CalmWave, Inc
Raised: $4.0M
Round: Seed Round
Funding Month: November 2022
Lead Investors: Bonfire Ventures
Additional Investors: Tau Ventures, AI2 Incubator, Seachange Ventures, and Hike Ventures
Company Website: https://calmwave.ai/
Software Category: Operations Health AI platform
About the Company: CalmWave is an operations health artificial intelligence platform that captures, analyzes, and synthesizes real-time data from dozens of data sources (monitors, labs, orders, findings, etc.) to empower hospitals with the intelligence critical to improving patient outcomes, optimizing operations, and retaining staff. CalmWave’s platform ingests data from all devices a patient is connected to and delivers customizable views for every clinician on the floor: individual patient views, summary views of patients across the ward, views of clustered patient alarms (incidents), and more. CalmWave’s primary objective is to support nurses and provide a crucial solution to their noisy and chaotic environments. The platform remediates alarm fatigue, improves staff retention, and transforms operations health through data science and AI. CalmWave takes inspiration from hard-won lessons learned in Enterprise IT to help the healthcare industry improve talent retention, reduce burnout and improve patient outcomes.
Source: https://calmwave.ai/press-release-calmwave-announces-4-million-to-reduce-nurse-burnout-and-alarm-fatigue/
to solve the healthcare industry’s most significant pain points.