Rhaeos is a VC backed, clinical stage medical device company developing FlowSense, a platform technology and a noninvasive wireless, wearable skin patch that can assess and monitor fluid flow peripherally throughout the body. The company is initially targeting hydrocephalus, a life threatening condition caused by an abnormal accumulation of cerebrospinal fluid (CSF). Implantable shunts, the gold standard treatment, often fail, leading to multiple trips to the emergency room and repeat surgeries. There is no technology available today that can easily assess CSF flow in shunts wirelessly, bedside, and without capital equipment until now.
FlowSense, is a proprietary wireless, wearable, and noninvasive sensor that can be mounted on skin overlying the shunt to detect the presence and magnitude of CSF. Its miniaturized, thin construction is similar in size to a bandage, and it is composed primarily of soft, silicone rubber with no hard edges. Data is wirelessly transmitted to a custom designed mobile app.
Rhaeos received FDA breakthrough designation for FlowSense, is NIH and NSF funded (>$5M), published clinical data in Science and Nature family journals, and is on track for initial market entry in 2022. Follow on products for other chronic conditions are currently in development.
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Location: United States, Illinois, Evanston
Employees: 11-50
Total raised: $12.7M
Founded date: 2018
Investors 4
Date | Name | Website |
- | SWPDC | swpdc.org/ |
- | KidsX | kidsx.heal... |
09.11.2021 | Creative V... | creativeve... |
28.12.2021 | Band of An... | bandangels... |
Funding Rounds 2
Date | Series | Amount | Investors | Deal News |
20.02.2023 | Series A | $10.5M | - | finsmes.co... |
06.01.2022 | Seed | $2.2M | - | finsmes.co... |
Mentions in press and media 10
Date | Title | Description | Source |
20.02.2023 | Illinois-based medical technology startup Rhaeos raises USD ... | EVANSTON, IL, February 16, 2023, To address an unmet need in the treatment of people with hydrocepha... | vcbay.news... |
17.02.2023 | Rhaeos Raises $10.5M in Series A Funding | Rhaeos, a Evanston, IL-based clinical stage medical device company, raised $10.5M in Series A fundin... | finsmes.co... |
03.01.2022 | Rhaeos Raises $2.2M in Seed Funding | Rhaeos, Inc., a Evanston, Ill.-based clinical stage medical device company developing a platform wir... | finsmes.co... |
28.12.2021 | Rhaeos Pulls In $2.2M Seed Financing | EVANSTON, IL, Rhaeos has announced the successful closing of its oversubscribed $2.2 million seed ... | vcnewsdail... |
24.12.2021 | Rhaeos, Inc. announced that it has received $2.2 million in ... | Rhaeos, Inc. announced that it has received $2,200,000 in a round of funding on December 24, 2021. T... | marketscre... |
27.09.2021 | Cedars-Sinai Accelerator selects 8 new health tech startups | The Cedars-Sinai Accelerator has selected eight health technology startups to participate in its sev... | medcitynew... |
06.10.2020 | Rhaeos and its shunt monitor win MedTech Innovator’s 2020 gl... | The Flowsense shunt monitor [Image courtesy of Rhaeos]MedTech Innovator announced today that wearabl... | massdevice... |
- | 10 remote patient monitoring and smart devices presenting at... | Remote patient monitoring is one sector of healthcare that has seen widespread adoption in recent ye... | medcitynew... |
- | Rhaeos | “Rhaeos – Wearable Devices” | fastfounde... |
- | Cedars-Sinai Accelerator selects 8 new health tech startups | The Cedars-Sinai Accelerator has selected eight health technology startups to participate in its sev... | medcitynew... |