The global health epidemic has shed new light on how important it is to have accurate data about an individual’s condition to assess the severity of their condition, and to make it the right choice for emergency responders. As soon as possible. Terms of care Today, a startup that has created a platform that helps enable the flow of data is announcing a round of funding to expand its business.
RapidSOS, which works with 4,700 public safety agencies to help people in critical situations with a network of wearable tech manufacturers, connected home companies, carriers and others, as well as to provide quick data to those agencies Emergency callers – about 650,000 calls a day in the US alone – have raised $ 21 million in funding.
The change is being led by Transformation Capital – the recently formed digital health-focused VC-C5 Capital, the Lerald Million Lives Fund and participation from existing investors. This brings the total raised by Rapidos to $ 107 million: Previous investors include Energy Impact Partners (who led the $ 55 million round just six months ago), as well as Playground Global, Microsoft and many more.
Michael Martin, co-founder and CEO, said the funding would be used to bring in a new data source. Together with the American Heart Association, the American Red Cross, and Direct Relief, RapidSOS has launched something called the Emergency Health Profile, which allows people (beginning in the US) to choose to share more background health information to first responders Will allow, a profile linked to a person’s mobile number.
The idea is that it will complement RapidsOS’s current business model and sources of real-time diagnostic data, which provide a complete picture of a person and his problems, a sacred grave of the medical world.
“Many companies have been thinking about this challenge for a long time,” Martin said in an interview predicting having a lot of data about a person – and for more days, thanks to technology – but passed it. There is no way to do it efficiently. “I think it’s in the form of an hourglass: there’s already a lot of important, life-saving data, and people to get it, but there’s a 1960s analog copper wire between the two . “
RapidsOS, founded in New York in 2013, is primarily based around what you can describe as a two-way market formed by the two ends of that hour.
One side includes Apple, Google, Uber, connected car companies, and companies that make connected devices and apps – today all comprising about 350 million connected devices and apps – that all integrate RapidSOS’s technology to create a 911 response center and More data such as the user’s location and diagnostic details can help determine what type of response is needed, where to go, and so on.
The other side includes emergency services that use that information to assess situations more quickly and organize assistance. Martin says RapidSOS’s data delivery system can, on average, reduce the time of a call by one minute, which – when you consider 650,000 calls per day – works to be able to handle 90,000 additional calls in total. Does.
Expanding the sources of data available to first responders would mean bringing more hardware and use cases that enrich the picture of an individual’s situation.
On behalf of those receiving that data, Martin notes that while there are still many more emergency response agencies to deal with – it covers about 90% of the population in the US today, but the world is large – RapidsOS too It is now beginning to show how it can supply information to others in the response chain who may benefit from more immediate and rich information such as emergency rooms and ICUs. (These new users, he said, will likely be targeted in partnership with third parties.)
In particular, RapidSOS’s business model does not charge emergency services to receive information: instead, it charges manufacturers of various devices and applications, all of which want to improve the effectiveness of their devices, and this Pay Type RapidSOS to create efficient and secure channels. They have more actionable data.
(For a recent example of how this works, consider the recent case of a man whose Apple Watch called 911 when a man in Arizona was unresponsive after a fall. That watch along with saving his life “Shred”. However, Speedy and Call. Was actually created by Rapidos, which integrates with the device.)
The problem that RapidSOS is addressing is that many emergency services are built on legacy technology, some dating back to the 1960s, with the information to work with response units limited to that person Is what the caller can provide. This useful detail remains, but important minutes of action may be lost in the questioning process (or simply due to being unable to get answers).
While the data that can be obtained from active devices and apps can be rich in information, it is only as good as can be evaluated in real-time, which is why RapidSOS now provides enhanced background information in a new way Moving forward in ways to do. Emergency Health Profile.
“Before RapidsOS, most emergency medicine would have had to even know the name of the patient, without knowing the patient’s name,” said Todd Cogens, managing director of Transformus Capital, in a statement. “RapidSOS has changed the way we react to emergencies and we are excited to help them access that healthcare.”