Glooko has raised $3.5 million in a new round of funding that will enable it to release new versions of its solution to help people with diabetes monitor their glucose intake more easily.
The round was led by The Social+Capital Partnership along with existing investors. The company’s product is one more example of the “quantified self” trend, where people can gain self-knowledge through quantification of the things they do in life.
About 25 million people live with diabetes in the U.S. People with diabetes can’t properly process sugar their blood because their bodies can’t make enough insulin, which bonds with the sugar and turns it into fat. Patients need to inject themselves with synthetic insulin several times a day to keep their blood sugar under control. If they have too little or too much sugar in their blood, the results can be incapacitating or life threatening.
Many people use glucose meters to monitor their sugar intake. The Glooko MeterSync Cable plugs into most standard self-monitoring blood glucose meters and then syncs the data to a Glooko Logobook app on iOS (iPhone, iPad, iPod Touch) devices.
This is an interesting approach, make a somewhat universal cable to attach medical devices to iPhones.