Healthcare | St. George, Utah

MedLite ID Secures $5M Series A Financing Round to End Infusion Confusion

MedLite ID, creator of a disposable lit-up IV label, simplifying IV line-tracing and significantly reducing the risk of medication routing errors, closed a $5 million Series A funding round led by 1st Gen Medical. A study showed that MedLite ID reduced the time required to trace the primary/emergency medication line by one-minute. In a busy ICU, this potentially reduces up to 2 hours of time spent identifying IV lines in a single 12 hour shift. Funds will be used to boost geographic expansion and supporting go-to-market strategies. [Full story]