Blue Spark Technologies Raises $40M in Growth Funding

Blue Spark Technologies

Blue Spark Technologies, Inc., a Westlake-based company that specializes in wearable remote monitoring systems for patients, has raised a $40m debt solution based on intellectual property.

The financing was led by GT Investment Partners with support from Aon plc (NYSE: AON).

The company plans to use the funds for its marketing and sales functions, as well as the advancement of its wearable remote patient monitor solutions.

Blue Spark Technologies’ President and CEO John Gannon is the leader in the design of wearable remote monitoring solutions for patients. Its TempTraq®, is a wearable temperature monitor in the form of a soft, comfortable patch that continuously, safely and comfortably, monitors body temperature for up to 72 hours and sends alerts to Apple® or Android™ compatible mobile devices. The company’s TempTraq Connect HIPAA-compliant service supported by Google Healthcare Cloud Platform allows parents and caregivers to monitor body temperature from anywhere. It can also be integrated with EHR systems used by health care providers and central nursing stations to provide secure storage of patient data.

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