Outsense, which produces a toilet-based IoT sensor for detecting early signs of illness, has extended its Series A round with a new investment from Longevity Venture Partners. The new investment brings the round to a total of $2.7 million and marks the start of a new pilot program to detect clinical conditions via human waste later this year.
Longevity will start piloting OutSense’s technology and the funds are being used for the product development and preparations for large-scale production. It will run in conjunction with CommuniCare Family of Companies, Longevity’s parent company and a U.S healthcare enterprise with more than 90 facilities in the U.S. OutSense is currently conducting clinical trials in Israel and Japan.
“The access to real-use environments that the Longevity’s investment brings to the table is invaluable,” said Yfat Scialom, CEO of OutSense. “The ability to partner with a major U.S. health care provider serves as a signal to the market that the rules of the game can be changed. It signals that early detection of more diseases through our technology can save huge amounts in healthcare costs, and more importantly save lives. The pilot tests in the U.S and Japan, as well as the clinical trials in Israel, are an important milestone toward our plan to launch production and commercial sales which are planned for Q1 2022.”