The startup train just keeps rolling for StratoScientific, a Seattle-based company founded by 16-year-old CEO Suman Mulumudi and his father Mahesh Mulumudi. The company revealed in a SEC filing that it raised $550,000 in its first round of funding.
StratoScientific is working on a pair of products: Steth IO, an iPhone-enabled stethoscope; and LesionSizer, a device to “accurately measure vascular lesions to reduce unnecessary stents.” The company wouldn’t disclose who took part in the round, which is its first, but said that the new funds would be put toward development of the Steth IO.
“The healthcare community has expressed significant interest in the Steth IO and has come forward to support our efforts. We are actively innovating and developing the Steth IO, and we will continue to keep you updated as we move forward,” Suman said in a statement emailed to GeekWire.
Right now, the company has met its funding goal, though Suman said that StratoScientific has plans to raise additional capital as it moves forward with product development.