Advanced TeleSensors (ATS) announces the closing of its $2 million series A funding round led by KLDC Partners LP. The funding will be used to accelerate development of its remote cardiac sensor, Cardi/oTM, and ready it for market release. The company is already engaged with strategic partners in the automotive and consumer electronics markets in the U.S. and Germany, and is in the early stages of organizing its distribution framework in Japan.
KLDC Partners LP is an angel investment firm based in Plano, TX with partners from the sensors industry. The investment in Advanced TeleSensors reflects the firm’s focus on emerging sensor technologies, where Cardi/oTM is pioneering a new ‘wearable-less’ cardiac sensing space.
ATS’s recently announced CEO, Sajol Ghoshal, is spearheading the commercialization of the first-of-its kind sensor tech. “We have an opportunity to transform health care and automation using new RF technology,” he comments. “This is a novel tech that is no easy feat, yet will save lives and bring a better care experience than what we’re used to receiving.”
The company currently makes its Cardi/o 2.0 Evaluation Kit (EVK) available for strategic partners, and will be releasing its longer-range sensor EVK, Cardi/o 3.0 this year.
The series A closing marks the official move of the company’s Austin, TX headquarters from Pasadena, CA.