ClearCount Medical Solutions, a Pittsburgh-based provider of patient safety products for the operating room, has closed its $5 million series B financing round.
The company intends to use the funds to further research and development of its RFID-based solutions for operating rooms. ClearCount has already developed the first FDA-cleared sponge counting and detection solution.
The latest round of financing was supported by both new and existing shareholders with participation by its leading shareholder, Draper Triangle Ventures, a Midwestern-based Network partner of Draper Fisher Jurvetson.
ClearCount’s SmartSponge and SmartWand-DTX systems are the first RFID enabled systems for counting and detecting surgical sponges. Retained sponges are the most frequent and dangerous of surgical items that results in non-payment to hospitals and significant risk to patients, says ClearCount.