Siren, a developer of smart textiles with remote patient monitoring applications, announced today that it raised $11.8 million in a Series B financing.
The San Francisco-based medical device company had its funding round led by Anathem Ventures, with participation from existing investors DCM, Khosla Ventures, 500 Startups and Peter Thiel’s Founders Fund. Additionally, DCM partner Jason Krikorian will join Siren’s board and Anathem managing partner Crystal McKellar will join Siren as an advisor.
Siren’s latest round of funding adds nearly $12 million to the $22 million it has already raised across three funding rounds since its founding in 2015, according to a news release. The company noted in the release that the finances it has secured is helping it to position itself for commercial expansion.
The company’s portfolio includes a temperature-monitoring sock capable of connecting wirelessly to a software application, allowing podi…