Cincinnati ‘smart socks’ startup boosts funding, employees

 Palarum LLC, the Warren County startup developing smart socks to alert health care facilities when a patient steps out of bed or a chair and risks falling, recently raised $3.8 million in a Series A round of funding.

The money from a group of unnamed local investors, which more than doubles the $3.4 million in seed funding raised in 2017, will enable Palarum to fine-tune its technology and broaden commercial applications, said Chris Baker, co-founder and vice president of marketing and sales.

Click here to read the complete article. Story excerpt provided by Cincinnati Business Courier. Written by Barrett J. Brunsman. Originally published June 12, 2018.

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