Diabetic foot ulcer ‘early warning’ system raises $1 million (US)

Rock Health accelerator alumnus Podimetrics raised $1 million in a second and final closing of its Series A round, according to a Form D filing with the Securities and Exchange Commission (SEC). The Boston-based company has developed a bathroom mat that in about 30 seconds of daily use, will scan the feet, collect data about blood flow, analyze it on a cloud-based platform for changes over time and also differences between feet to detect patterns that may indicate the presence of a developing ulcer. More than 90,000 people per year in the US lose a foot to diabetic ulcers at an average of $45,000 per surgery. The new funding will go towards development of new related products. MedCityNews