MOUNTAIN VIEW, Calif.—January 12, 2022—Chronus Health, a point-of-care diagnostics company, announced today that it has raised $22 million Series A financing led by Tarsadia Investments with participation from Monta Vista Capital, SOSV, Savantus Ventures, and an undisclosed strategic investor.

While several on-site blood analyzers are already available in the market, most clinics are reluctant to buy them due to their size, operational complexity, and cost. Chronus Health’s portable in-vitro diagnostics (IVD) platform facilitates real-time blood diagnostics at the point-of-care, providing lab results in minutes with the aim of dramatically improving patient outcomes. The system is designed to handle approximately 85% of the blood tests performed annually.

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“Our revolutionary platform is poised to disrupt the clinical lab testing market, which primarily relies on expensive and bulky blood analyzers in central labs,” explains Anand Parikh, CEO and co-founder of Chronus Health. “Our low cost and compact system, which leverages microfluidic and semiconductor technologies, enables real-time diagnostics in multiple clinical settings and is designed to improve time-to-care and outcomes for patients globally.”

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“Chronus has approached an incredibly difficult technical challenge from first principles, which has resulted in a scalable system optimized for the future of healthcare delivery. While many have focused on re-engineering legacy technologies into new form factors, we believe Chronus’ novel approach will unlock the true market potential for real-time diagnostics,” said Rishi Reddy, managing director of Tarsadia Investments and Chronus Health board member.

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Chronus intends to use the proceeds of the Series A financing to scale its research, engineering, and data science teams, in addition to accelerating the company’s product and technology development.

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About Chronus Health

Chronus Health, a Fogarty Innovation company, develops in-vitro point-of-care devices leveraging microfluidics and semiconductor technologies with a mission to reduce time-to-care and improve patient outcomes. Learn more at chronushealth.com.