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June 3, 2010

Patent monitor co EarlySense raises $13m
CEO Avner Halperin: Our objective is to take our product to market, beginning in the US and Europe.
Batya Feldman

Patient monitor developer EarlySense Ltd. has raised $13 million in its third financing round. Pitango Venture Capital led the round, joined by the company's current investors, Challenge Fund - Etgar, ProSeed Venture Capital Fund (TASE:PRSD), Docor International Management Ltd., Noaber Foundation, and Bridge Investment Fund.. The start-up recently completed trials and regulatory procedures, and is now preparing for sales, for which the proceeds of the financing will be used.

EarlySense co-founder and CEO Avner Halperin told "Globes", "Our objective is very sharply focused - to take our product, with the successful results of the trials, and bring it to market. We'll being in the US and Europe. We will set up a team, which we believe will begin generating sales in the second half of the year."

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