Cue Attracts In $7.5M For Its Well being Monitoring Lab-In-A-Field
San Diego-based mostly startup Cue believes the way forward for private well being matches in a small plastic field that — linked as much as a smartphone or pill — will let individuals monitor and quantify their private well being at a molecular degree, proper from the consolation of their own residence.
It’s simply introduced a brand new funding spherical, pulling in $7.5 million in Collection A financing led by SherpaVentures. Immortalana, an early angel investor in Cue, additionally participated within the spherical. Previous to this spherical it had taken in additional than $1 million in seed funding.
Two new members are additionally becoming a member of Cue’s board: specifically Shervin Pishevar, MD at SherpaVentures, and Robin Farias-Eisner MD PhD, Professor at UCLA Medical Faculty, and companion in Immortalana.
As we coated in an interview with the founders earlier this yr, Cue is constructing a related lab-in-a-field — to permit the typical Joe to run their very own ‘earlier than and after’ experiments to quantify whether or not a specific health routine or weight-reduction plan is definitely having a useful outcome on their very own physique. Pattern wands are used for taking blood, saliva or nasal swabs, which the Cue then analyzes — pushing processed well being knowledge to the consumer’s app the place they will monitor it.
Cue sees the “deep well being” date it’s going to supply customers as complementary to the alerts they can get from wearable exercise trackers. Combining exercise alerts from wearables with molecular evaluation of (as an example) irritation — considered one of a number of well being circumstances the Cue will have the ability to monitor — presents the promise of a much more granular sort of health monitoring than is feasible with exercise monitoring alone, it argues.
Commenting on the funding in a press release, SherpaVentures’ Pishevar stated: “Cue is a main instance of the ‘on demand’ financial system utilized to well being and wellness. We exist at a second the place main corporations within the tech area are getting into the buyer well being area, and I consider that Cue’s answer pushes the envelope and has monumental potential to vary the best way shoppers work together with and perceive their well being.”
In one other supporting assertion, Dr. Farias-Eisner added: “Cue has the potential to vary the best way healthcare is practiced by offering trackable well being knowledge that may empower sufferers and docs concurrently via cellular units.”
Cue’s system was on pre-order earlier this yr, with a aim of delivery to consumers within the first half of subsequent yr. The startup isn’t at present taking any extra pre-orders however has a ready listing on its web site for many who missed out on the primary wave.