Airstrip Picks Sequoia For First VC Investment
Airstrip announced the round -- its first outside funding -- this week, and although neither Airstrip nor Sequoia will discuss the details, including the amount, you can bet this was a competitive investment. Co-founder and president Dr. Cameron Powell says Airstrip has been working on the funding -- and the FDA clearance it got last month for its remote patient monitoring technology -- for years. He also says there's been a lot of interest in Airstrip from investors. Two VCs (neither one of them from Sequoia) have singled out the company to me recently as being interesting. Another Airstrip fan is Apple -- Apple CEO Steve Jobs featured Airstrip's technology onstage last year at Apple's Worldwide Developer Conference, which Powell says posed a challenge for the startup because it opened "floodgates of interest" that had to be handled and sorted through.
