Madison AI startup gets $20 million of new funding
Madison-based EnsoData has closed on a $20 million financing deal that will allow it to expand and add at least five new employees, according to a Wisconsin State Journal report. The 35-employee company uses artificial intelligence to help health care organizations detect and study sleep disorders. EnsoData’s software analyzes data generated by several sensors attached to patients who undergo sleep studies that monitor brain waves, heart rates, blood oxygen levels, limb movements, and breathing patterns. The company was founded in 2015 by CEO Chris Fernandez and currently serves more than 500 client organizations in several states.
The $20 million round was led by Inspire and existing investors.