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San Antonio’s AirStrip raises $25 million in new funding
August 26, 2014

By W. Scott Bailey, San Antonio Business Journal

AirStrip has reached another pivotal point in its evolution.

The San Antonio-based provider of mobile health care applications has raised $25 million in a strategic funding round led by the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust.

The investment group includes some of the most influential leaders in health care. And the new funding comes at a time when hospitals across the country are being overwhelmed by a flood of clinical data from multiple sources.

AirStrip's latest funding will support the continued growth of the company's patent-protected AirStrip ONE mobile technology solutions product to include expansion into the home health space. The funding will also support international growth opportunities.

"The success of this investment round shows deep industry support and validation of the AirStrip strategic vision," says the company's CEO, Alan Portela.

"The market has responded with great enthusiasm to what we have accomplished to date," Portela adds. "We are honored to announce that some of the most visionary and innovative leaders in health care are joining us to deliver on the promise of true mobile interoperability on a global scale."

AirStrip's existing investors include Sequoia Capital, Wellcome Trust, Hospital Corporation of America and Qualcomm Inc.

In addition to the Gary and Mary West Health Investment Fund, AirStrip's new investors include Dignity Health, St. Joseph Health and Leerink Partners.

 

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