Wavely Diagnostics, a digital diagnostics company, has recently secured $1.35 million in funding to further advance its digital diagnostics platform for virtual pediatric care. With this latest round of funding, Wavely's total funding raised now stands at an impressive $6.35 million. The additional funds will be instrumental in expediting the commercial launch of their smartphone-based app designed specifically for childhood ear infections. Notable investors who contributed to this funding round include Robin Hood Ventures, WRF Capital, Ambit Health Ventures, the WXR Fund, Wealthing, HealthTech Capital, and Princeton Alumni Angels.
At the core of Wavely's mission is the desire to revolutionize pediatric care by providing accessible and effective treatment options through their innovative digital health solution. Their diagnostic app harnesses the power of smartphones as acoustic tools to identify fluid presence in a child's ear – one of the primary indicators of an ear infection. This non-invasive and painless process empowers parents and healthcare providers alike to obtain reliable answers and direct treatment recommendations from the comfort of their own homes, eliminating the need for urgent care or emergency room visits.