Revive Solutions Inc, a San Francisco, CA-based developer of an automated external defibrillator has now secured the $4.3 in the funding round of seed.
The round was led by a new investor Geenbox Venture Partners, in collaboration with the participation from the existing investors like the Hippocrates VC, Rock Health, Healthtech Capital and some of the prominent medical device health care executives and professionals.
The company as of now secured $6 Million in the funding round till date, has a plans to use the capital to complete the regulatory submission for its product, leading to the commercial launch of the product upon the approval of FDA.
The startup which is led by the Rory Beyer, and Sameer Jafri. Revive Solutions is a healthcare technology company which is developing a next-gen automated defibrillator and software solutions to increase the survival rates from a Sudden Cardiac Arrest.
“We are excited to back this team of entrepreneurs on their mission to disrupt the status quo in a market that has lacked new technologies for many years,” said Jeff Trost, Managing Director of Greenbox Venture Partners. “The innovative technology and intellectual property developed by the Revive team has the potential to put life-saving technology in the hands of every individual at all times, and the impact on survival rates could be staggering. We look forward to working with the team to bring this innovative product to the market in the near future.”
“We are very pleased to have such a strong group of investors with extensive healthcare technology backgrounds joining the Revive team as we look to bring our disruptive products to market,” said Rory Beyer, Co-Founder & CEO of Revive Solutions, Inc.
“We know far too many families that would still have their loved one here if an AED was immediately accessible. The fact of the matter is that today’s status quo product offerings in the AED industry are simply not good enough, as survival rates from SCA have remained nearly stagnant at ~10% for years. All of us at Revive are committed and intensely driven to make AEDs accessible to all, and as a result, significantly increase survival rates,” said Sameer Jafri, Co-Founder & President/COO of Revive Solutions, Inc.
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