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Xenter, Inc. raises $58.25 million in Series B financing to accelerate the commercial launch of its TechMed platform. This funding will also support innovation in wireless medical devices and technologies.

PRIVATEJul 16, 202624 days ago

Amount Raised

$58.3 Million

Round Type

Series B

DraperBiotechnologyHealthcare

Description

Xenter, Inc., a leader in healthcare intelligence, successfully closed its Series B financing on June 30th, raising a total of $58.25 million. The round included existing shareholders and prominent healthcare investors. The funds will be used for commercial launch, technology development, and regulatory initiatives for Xenter's TechMed platform. This financing underlines the growing interest in Xenter's capabilities in capturing and utilizing healthcare data.

Company Information

Company

XENTER

Location

344 WEST 13800 SOUTH, STE. 400

Draper, Utah, United States

About

Xenter™ has launched a wireless “Technology in Medicine” (TechMed) ecosystem that is designed to provide transformative outcomes for physicians, healthcare professionals, provider organizations, & patients. This TechMed ecosystem is also designed to improve the adoption of new technology in healthcare, starting with Xenter's first wireless platform: XenFI™. XenFI is comprised of XMD™ (a HIPAA-compliant, global healthcare cloud) & Xenter's XenFI-Hub™, the company's wireless communications device that is designed for use in various healthcare settings. These first Xenter products are designed to automate clinical workflow, enable smart/wireless devices, improve patient outcomes, & lower healthcare costs in Office-based Laboratories (OBLs), ASCs (Ambulatory Surgical Centers), and interventional hospital laboratories. Xenter's new medical ecosystem and its first connected smart/wireless devices (XenFI, XenFI-Hub and XMD), are the first in a series of new products that can collect, aggregate, and analyze real-time Physical Intelligence™ data. Unlike the traditional "MedTech" approach that has existed for decades, Xenter brings new core competencies to TechMed with a unique, multidisciplinary team that includes experts in silicon chip design, artificial intelligence, Software-as-a-Service, wireless smart devices, and more. We expect the result to be the delivery of transformational solutions to physicians and patients with this “Technology in Medicine” approach. Individuals & organizations interested in learning more should contact Xenter at info@XenterMD.com. MEDIA: Please contact David.Politis@XenterMD.com. Xenter, XenFI, XMD, XenFI-Hub, XMD, and Physical Intelligence are trademarks of Xenter, Inc.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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