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Praesidium Inc Announces Closure Of Series A Funding

Oct 05, 2021•about 4 years ago

Round Type

series a

St. GeorgeSoftware

Description

Praesidium, Inc., a Utah-based company that has developed cutting-edge, non-contact vital sign monitoring technology, announced the closing of a $6 million Series A preferred stock round, with an additional line of credit available for use. The round was led by entities controlled by the Wasatch Group, a Utah-based real estate company with a growing venture portfolio.

Company Information

Company

Praesidium

Location

St. George, Utah, United States

About

Praesidium was founded in 2016 to create life detection technologies that could prevent unnecessary tragedy such as children left in hot vehicles. Partnering with scientists from NASA and MIT over the last 5 years, Praesidium has developed BioFi, a patented and proprietary technology that has the ability to detect human presence and human vital signs without any contact and even through hard surfaces with extremely high accuracy and precision.