Photo: Courtesy of Cue Health
Cue Health, a rapid diagnostics startup with a connected testing device platform, has closed a massive $235 million private financing round.
Investments were made by new backers Perceptive Advisors, MSD Capital and Koch Strategic Platforms, as well as by existing investors including Johnson & Johnson Innovation, Decheng Capital, CAVU Ventures, ACME Capital, and others.
WHAT IT DOES
The San Diego-based startup’s lead product is the Cue Health Monitoring System, a molecular testing device designed for use in care settings, schools, homes and other places. The system consists of a single-use testing swab, a disposable cartridge and a portable reader. It can deliver results within 20 minutes.
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