Diabetes Management Healthcare Solutions Continue to Raise $
In talking to a number of health care startups, we’ve encountered a few companies that are trying to move diabetes management into the 21st century:Livongo and Glooko . Both of these companies have raised a considerable amount of money. Livongo in the ballpark of $82.5 million and Glooko approximately $28 million per CrunchBase.
Our friends at Loon Medical, the makers of CareSentinel, a smart home monitoring and alerts system for caregivers, have informed us of another offering in our midsts, ShugaTrak. Yes, the name may be a bit lacking, but ShugaTrack offers a solution for blood glucose levels, which is actually strikingly similar to Loon Medical’s CareSentinel solution that we built for them. ShugaTrack works by having a device communicate with an off-the-shelf glucometer. The ShugaTrack device then leverages Bluetooth Low Energy (BLE) to communicate with a proprietary mobile app on Android or iOS to upload the blood glucose measurements to the cloud.
We look forward to seeing quality work from Loon and ShugaTrak in the future.