MILWAUKEE, May 27, 2020 /PRNewswire/ -- Otologic
Technologies, Inc., a Wisconsin
startup developing an artificial intelligence system to help
healthcare workers accurately diagnose ear disease, announced the
successful close of their organizing friends and family funding
round. The company raised $275,000 in
the privately held round.
"Studies report ear disease is commonly over-diagnosed, and
we're spending $4 billion a year in
the U.S. treating ear infections. We need to put better tools in
the hands of healthcare teams to examine and diagnose ear disease,"
said Dan Wenger, Otologic
Technologies' chief strategy officer. "These tools are even more
important as telemedicine takes a larger role, as we have seen
during the Covid-19 crisis."
The company's core technology began as an academic invention
when Aaron Moberly, MD, an ear
surgeon and Assistant Professor at The Ohio
State University, collaborated with Metin Gurcan, Ph.D., a colleague at the
university and expert in artificial intelligence and image
analysis. Together they created a system that captures and analyzes
short video clips of a patient's ear exam, intending to provide
healthcare staff diagnostic guidance and improve accuracy of
diagnosis in primary care.
Upon the funding round close, the company also announced its
management team and board of directors. Darrin S. McCall was named president, chief
executive officer, and chief operating officer. Dan Wenger was named vice president, chief
strategy officer and treasurer. Dr. Moberly and Dr. Gurcan were
appointed to the board of directors and consult with the company.
Dr. Moberly will also serve as chief medical officer. John Guequierre will continue to serve as
secretary of the board of directors.
McCall and Wenger each have over 20 years of healthcare tech
experience at companies including GE Healthcare, Alliance
Healthcare Services, Pfizer, and technology startups. Guequierre is
a serial entrepreneur and an active business mentor in the Merlin
Mentors program in Madison,
Wisconsin.
Otologic Technologies was named by Wisconsin Inno as one of
their 20 startups to watch in 2020. The company is in the early
stages of development, and products will require regulatory
clearance before launching to the healthcare market. For more
information, visit www.otologictech.com.
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SOURCE Otologic Technologies