Tech Company Financing Transactions
Day Zero Diagnostics Funding Round
Day Zero Diagnostics closed a $16 million funding round on 9/22/2023. Investors included private investors.
Transaction Overview
Company Name
Announced On
9/22/2023
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to complete development of an improved Blood2Bac� sample prep protocol, which can capture fungi as well as bacteria, using smaller sample volumes, and at substantially lower cost. The funding will also accelerate development of a prototype for the commercial system, including both the hardware system and the Keynome® family of cloud-based AI algorithms that provides high accuracy organism ID and antimicrobial susceptibility profiling. Using the diagnostic, hospitals will be able to reduce patient length of stay; the overuse of toxic, expensive, and ineffective antibiotics; and most importantly, save lives.
Company Information
Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
127 Western Ave.
Boston, MA 02134
USA
Boston, MA 02134
USA
Phone
Website
Email Address
Overview
Day Zero Diagnostics (DZD) is developing a new class of diagnostic that enables a physician to switch from broad spectrum antibiotic therapy to a targeted antibiotic in 5 hours rather than the 2-5 days that it typically takes today.
Management Team
Title
Name
Email & Social
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