Last month's 2024 Tri-Valley Life Sciences Summit provided an insider's perspective on Suncoast Ventures' first round Series A funding for San Ramon-based medical technology company Radiant Oximetry. Ta.
The conference, held at the Rosewood Commons Conference Center in Pleasanton, featured Genevieve LeMarchal, managing partner of the venture capital firm, and Neil Ray, Ph.D., founder and CEO of Radiant. A discussion was held with.
The Series A funding pumped an additional $7.5 million into Radiant, which develops technology to monitor fetal health, according to Crunchbase, a San Francisco firm that tracks investment data.
LeMarchal and Ray's conversation also focused on how unmet needs in women's and fetal health are driving both companies and investors.
San Diego-based Suncoast Ventures was founded in 2020 by a group of scientists and engineers to encourage early-stage healthcare startups, particularly in the areas of digital health, diagnostics, medical technology, machine learning, artificial intelligence, and biotechnology. was established in
Radiant was founded in 2016.
More than 200 people attended the summit, which was hosted by Kaiser Permanente, the City of Pleasanton, and Startup Tri-Valley, a nonprofit organization that encourages innovative startups. Startup Tri-Valley is a collaborative effort led by i-GATE, a regional incubator for technology companies, along with Lawrence Livermore National Laboratory, Sandia National Laboratories, and the communities of Livermore, Dublin, Pleasanton, and Danville.
Yolanda Finchenko, executive director of i-GATE, said the annual Life Sciences Summit “brings founders, funders, and ecosystem members together in the same room and creates opportunities for connection to improve human medicine.” “We celebrate our connections with Tri-Valley life science leaders.” By building this community, we enable innovation. ”
After being welcomed by Pleasanton Mayor Carla Brown, Permanente Medical Group Chief Physician Ken Graron delivered opening remarks, emphasizing the symbiotic relationship between healthcare and life science innovation.
The summit will explore how unmet healthcare needs are driving entrepreneurial efforts and how the region's talent pool and quality of life are factors that attract startups to the region. A panel discussion was also held regarding the current situation.
Panel members included Yash Vaishnav, Head of Business Development, LLNL; Reem Mahrat, Daybreak Labs advisor and founder of Pleasanton diagnostics company EGE. Nan Hsu is the founder and CEO of Appia Biosciences, a life science tools company in Pleasanton. Paco Cifuentes, Partner at Genoa Ventures, moderated the panel discussion.
