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"For the first time, clinicians have a tool to objectively understand where a child is on the spectrum, reach a diagnosis, and deliver personalized care," says EarliTec CEO Tom Ressemann in a press release about the company's EarliPoint Evaluation, a first-of-its-kind autism test that's been approved by the FDA.
The Atlanta-based company has just announced a $21.5 million Series B financing round, per a press release, which will be used to expand commercialization efforts and advance clinical research for the device, which tracks a child's moment-by-moment looking behavior at the rate of 120 times per second, which is "otherwise imperceptible to the human eye," per the press release.
The device is currently used to diagnose autism in children between 16 months and 30 months, and the FDA has approved it for use with children ages 3 to 7.
"There is a severe unmet need in autism diagnosis, and families often face a challenging path to diagnosis of autism due to the lack of innovation in the space and limited access to expert clinicians," Dr. Ami Klin, chief clinical officer and founder of EarliTec, says in the press release.
"EarliPoint represents a meaningful step forward in better, accessible
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Venture Philanthropy Partners
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Malaysia-based Bintang Capital Partners officially launched its second fund, BCP Asia Fund II, with a target corpus of $100-150 million early this year.The firm was also looking to broaden its LP...more
Social Entrepreneurship
Spotlight
Keeping Half the Profits Beats Non-profits for Social Impact
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.
