Hike funding

CalmWave Raises $4M in Seed Funding

Calm Wavea Seattle, WA-based company that uses artificial intelligence (AI) to bring operational health to hospitals has raised $4 million in seed funding.

The round was led by Bonfire Ventures with participation from Tau Ventures, AI2 Incubator, Seachange Ventures, Hike Ventures and PagerDuty.

The company intends to use the funds to recruit talent, advance new marketing initiatives, and create and launch innovative products.

Led by CEO and Founder Ophir Ronen, CalmWave provides a platform that uses AI and expert services to help healthcare organizations optimize operations and make data-driven decisions. Using data from a healthcare organization, the company transparently enables management to manage staff more efficiently, reduce turnover rates and improve patient outcomes. Its platform ingests data from all devices a patient is connected to and provides customizable views for each clinician in the field: individual patient views, summary views of patients in the ward, and views of grouped patient alarms (incidents). Calmwave “Operations Health Scores” describes each nurse’s workload and well-being based on factors such as alarm volume, response times, patient length of stay, and nurse-to-patient ratio.

Additional features include:

  • Smart alarms to intelligently group alarms into “incidents” based on alert buffering, false alarm probability indicators, additional medication entries, and early warning indicators
  • Device thresholds adapted to the physiology of each patient and Alarm monitoring to optimize alarm reduction devices
  • Smart Patient Acuity to provide a comprehensive score of each patient’s condition based on real-time information
  • Staff orchestration optimize staff workloads based on patient acuity and alarm volume and update schedules for better staff retention
  • Information and analysis to house all users (nurses, managers, administrators, IT and executives) in an easy-to-navigate command center
  • Expert Services commitments built into the platform to provide assessment, training, consultation and implementation.