Cerracap Ventures Celebrates Successful Exit As Resmed Acquires Portfolio Company Somnoware Healthcare Systems Inc.
Acquiring Company
ResMed
Acquired Company
Somnoware
United StatesCosta MesaMobileHealth CareSportsMedical DeviceSoftwareMobileHealth CareDescription
CerraCap Ventures, a leading venture capital firm specializing in early-stage investments, is excited to announce the successful exit of their fund's portfolio company, Somnoware Healthcare Systems Inc., through its acquisition by ResMed, a global leader in sleep and respiratory care. This significant milestone marks a new chapter in Somnoware's journey as it continues to accelerate its expansion in sleep, respiratory care, and additional healthcare markets.
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Frequently asked
Who acquired Somnoware?
Somnoware was acquired by ResMed, based in United States. The deal was reported on July 19, 2023. At ResMed (NYSE: RMD, ASX: RMD) we pioneer innovative solutions that treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives. ResMed is publicly traded (RMD) and operates in Mobile.
When did ResMed acquire Somnoware?
ResMed's acquisition of Somnoware was reported on July 19, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Somnoware do?
The platform orchestrates data flow between 100+ medical devices, unifies datasets within a single platform, delivers high-impact analytics, enables faster diagnosis, proactive intervention, & automated patient engagement. It is privately held, operating in Software, and is based in Costa Mesa.
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