Medtech Alimetry gases up with $18M for a wearable to help diagnose gastric disorders
Gut health isn’t the most glamorous of topics, but as many as 1 in 10 people regularly suffer from gastric symptoms like nausea, bloating, or cramping after eating. Figuring out exactly what’s causing stomach misery is not easy without invasive tests. But New Zealand-based startup Alimetry has developed a wearable device that can speed up diagnosis of functional gastric issues.
The noninvasive wearable consists of a flexible electrode array that’s applied to the patient’s stomach where it’s able to pick up electrical activity produced by their gut. Cloud-based analysis — including the use of artificial intelligence to help extract signal from digestive noise — turns the captured data into useful clinical biomarkers to support patient diagnosis.
The startup has just taken in a second tranche of Series A funding — $18 million, led by VC firm GD1 — on top of roughly $10 million it pulled in through an earlier Series A raise in 2021. It also raised seed funding back in 2019 the year it was founded.
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