Glytec
The funds will be used to increase the company's research and development initiatives and expand its workforce.
The partnership aims to raise patient safety, boost cost-effectiveness and improve care by combining Glytec's software with Roche's system.
The company collected $9 million in debt financing from SVB and $12 million in equity investments led by Savitr positions, according to its announcement.
Also: Biocomposites launches new companion app. Glytec introduces latest version of its eGlycemic Management System.
From virtual management programs to hybrid closed loop systems, diabetes management companies put the spotlight on improved blood glucose management and positive clinical outcomes.
Redwood, California-based Carrot, a digital health company that offers smartphone-paired smoking cessation device, has signed an agreement with Minneapolis-based RedBrick Health.