ClearCount Medical Solutions, producers of patient safety applications for operating rooms and other health care situations, has completed a round of Series A financing worth $4.1 million. The cash influx will allow ClearCount to expand sales and marketing efforts for its current product line, as well as funding further research and development.
ClearCount’s flagship product is the SmartSponge System, an RFID application which enables automatic counting, tracking, and detection of surgical sponges in operating rooms, improving efficiency and guarding against medical errors, which can lead to patient infections. A 2008 Annals of Surgery study reported that one in eight surgical cases includes a counting discrepancy, taking an average of 13 minutes to resolve and adding to expensive operating room time. SmartSponge is the only FDA-approved sponge counting application currently on the market.
The financing was led by Draper Triangle Ventures, a midwest-based partner of Draper Fisher Jurvetson, the seed and early-stage venture capital firm. ![[end]](/resources/bullet/rfidnews-4.gif)
