Medical-device maker Medtronic has actually joined in a $16.5 thousand round of financing for Glooko, a startup that makes a mobile app and hardware for diabetes management.
Palo Alto, Calif.-based Glooko produced a cable that can easily extract data from sugar meters and transfer it to an app, which after that sorts, analyzes and graphs information.
Glooko said it will certainly usage the recent round of financing to make its unit compatible along with insulin pumps and consistent sugar monitors. Medtronic makes the two those products; its diabetes company generated $1.7 billion in revenue throughout the company’s 2014 fiscal year.
Medtronic’s Tempe Campus, along with 900 full-time employees, was ranked No. 1 in the Phoenix company Journal’s first-ever Medical Device Business list. The list was ranked by local, full-time employee.
Medtronic is based in Dublin, Ireland.
Katharine Grayson covers med tech, clean tech, technology, healthiness treatment and endeavor capital.