Qardio Puts Its Smart Blood Pressure Monitor On Indiegogo, Aiming To Ship In March

qardioarm

Qardio was one of the startups competing in our battlefield competition at Disrupt Europe 2013, last October. On stage in Berlin it showed off a forthcoming consumer ECG monitor, the QardioCore, along with a wireless blood pressure monitoring device, QardioArm. The startup has now kicked off a crowdfunding campaign to help get the less expensive of the two, the QardioArm, to market — using the Indiegogo platform as its springboard.

Qardio’s devices are designed to undercut the high cost of current-gen medical kit, while also offering a simpler and more passive way for people to monitor their health that leverages the power of smartphones/tablets — with data from Qardio’s hardware streamed or synced to the user’s mobile device where it can be tracked and reviewed.

Qardio is looking for $100,000 in crowdfunding via Indiegogo to help it get the smart blood pressure monitor to market. It previously said it expects this device to retail for $99 but is offering it to early backers for $75.

This campaign is a flexible funding one, meaning Qardio does not need to meet that target in order to get the pledged funds. Indeed, it largely looks to be using Indiegogo to boost visibility — i.e., mostly as an additional marketing channel — and to get feedback and ideas to help further development, rather than because it needs the cash for manufacturing.

The QardioArm syncs blood pressure readings to Qardio’s secure cloud, where data can then be shared with others, such as your doctor. Users can also view their blood pressure data in Qardio’s companion iOS app.

qardioarm-app

As to when the QardioArm will be in the hands of users, the startup says it’s currently awaiting “final clearance” from the US Food and Drug Administration (for shipping to the US) and certification under EU Product Directives (for Europe).

It’s currently expecting to get clearance in time to ship the QardioArm to backers in March 2014 — which fits with its previously discussed timetable. At Disrupt Berlin, Qardio said it was planning to retail both the QardioCore and QardioArm online and through brick-and-mortar partnerships early this year.

At the time of writing, a few days into its Indiegogo campaign and with 27 days left to run, Qardio has raised more than $30,500.


Qardio Is Building A Consumer ECG Monitor That Streams Data To Your Doctor, iPhone

qardio-core

Qardio co-founder Marco Peluso had a dedicated career in finance for 14 years. He was an investment banker for JPMorgan, then a partner at a hedge fund.

But everything changed when his father had a stroke while they were on the phone.

“I was lucky enough to understand what was happening,” he said, remembering that he quickly got in touch with a neighbor to take his father to the hospital. But doctors couldn’t identify what triggered the minor stroke, known as a TIA, or Transient Ischemic Attack.

Six months later, his father found himself struggling to finish his usual morning jog.

“It was shocking for me to know that even now, we didn’t have a good way of understanding or proving what was happening,” he said.

He was compelled to leave his banking and investment career to start Qardio, which is set to launch an ECG monitor for consumers next year at a price of $449. They also have a second product, a blood pressure monitor called QardioArm that will retail for $99.

The ECG monitoring device, called the QardioCore, streams data to the owner’s phone and can even send it on to a person’s health care provider through a cloud-based service. It lets a doctor “see” a patient without really seeing them in person.

Peluso says his QardioCore product is less effort-intensive than other sophisticated monitors, which might require skin patches, shaving a person’s chest or adhesive gel.

“It doesn’t require any skin preparation,” he said. “You put it on your chest, it switches itself on when it detects your body, then wirelessly sends signals to your iPhone, which then go to our server.”

He says the two devices fix a major problem in health monitoring because they make ECG and blood pressure-tracking much more passive, meaning doctors can collect a stream of data and put it in context instead of taking one-off measurements.

Peluso and his co-founder had a team of industrial designers and engineers work on designing both the QardioArm and QardioCore for the past year. They manufacture in Southeast Asia and plan to retail both devices online and through brick-and-mortar partnerships early next year.

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