Sonavi Labs, the Pigtown-based company that’s bringing to market digital stethoscope technology combining noise cancellation and AI that was initially developed by Johns Hopkins scientists, has raised $1 million in seed funding.
It’s the first official fundraising round for a company that’s been bootstrapped over its first two years, and Sonavi Labs reached the seven-figure milestone without raising from institutional venture capital firms. Instead, the investors, whose names are not being disclosed by the company, come from the healthcare and scientific community, as well as friends and family, said CEO Ellington West.
Cofounded by West and CTO Ian McLane in 2017, the company has a license from Johns Hopkins for technology, known as Feelix, that combines hardware and software. Initially, the stethoscope will be designed to diagnose respiratory disease. It also does not require internet access — indicating a principle that guided the company as it developed technology that could be used in countries around the world.
READ FULL ARTICLE HERE
