In addition to taking photos or recording videos, the cameras on our phones have many uses. Recent innovations have enabled these cameras to act as heart rate monitors and even measuring devices. Thanks to Denver-based Exer Labs, a phone’s camera can also be used to monitor patients’ mobility and provide motion health assessments.
On Tuesday, Exer announced it secured $6.5 million in a funding round that saw participation from Backstage Capital, Life Extension Ventures and others.
Founded in 2019, Exer’s tech allows doctors and physical therapists to monitor their patients remotely and see if their mobility is improving following surgery or treatment. The platform doesn’t require the use of external sensors and, instead uses artificial intelligence to track a patient’s body movements.
Exer’s platform has an FDA Class II grade and can be used and prescribed by doctors. Its platform also has features where patients can easily view their billing and electronic health records.
“Healthcare in the U.S. is a big, ugly, messy system that somehow works most of the time. And there’s still so much room for innovation with disruptive technologies like AI and virtual reality,” Zaw Thet, founder and CEO of Exer Labs, said in a LinkedIn post. “We’ve been working with the FDA, Centers for Medicare and Medicaid and other stakeholders across the country for the past two years on how AI can be used to provide real-time remote patient monitoring and diagnostic tools.”
With the latest raise, Exer Labs is emerging from “semi-stealth” mode and will continue to develop tools in the healthcare field for patients, Thet said.
Prior to the latest raise, Exer Labs had raised $4.5 million in funding across two seed rounds, according to Crunchbase.
