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Future Cardia (Formerly Oracle Health) isn't accepting new investments

Future Cardia (Formerly Oracle Health)’s deadline was August 29, 2021

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Future Cardia (Formerly Oracle Health)

Remote heart monitor using advanced sensors and AI, implanted in 2 minutes
B2B Healthcare Facilities & Equipment Healthtech Smart Devices AI & Machine Learning
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$3,289,558
Raised
3,630
Investors
Successfully funded and closed on August 29, 2021.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Founders Funding Disclaimers
About Team

Documents

Capital R (OpenDeal Broker LLC, CRD #291387) is hosting this Reg A+ securities offering by Oracle Health, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form 1-A SEC.gov
Company documents
Future Cardia (Formerly Oracle Health) Future Cardia (Formerly Oracle Health) SPA Oracle Health 1A Amendment.pdf Disclosures & Disclaimers.pdf Form CRS.pdf Additional Risk Disclosures.pdf
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Hear from some of the 3,630 investors in Future Cardia (Formerly Oracle Health)


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Highlights


Cardiologists today lack good options for monitoring their heart failure patients at home. Oracle Health is developing an implanted remote cardiac monitor to address this problem. Designed to provide comprehensive data and analysis to doctors, Oracle Health also aims to build the largest collection of long-term cardiac data to improve the lives of patients.

  • Detects early signs of cardiac problems before symptoms
  • Pre-clinical testing with 25 heart failure patients
  • Preparing for animal, then human trials
  • World-renowned team of cardiologists, engineers, and scientists
  • 180 years of combined expertise in Heart Failure and implantable devices

Oracle Health is part of a group of exclusive medical technology startup companies that were selected by Johnson & Johnson Innovation to join their global network of med tech ecosystem. Companies in this program create life-saving, life-enhancing health and wellness solutions to patients around the world.


Disclosures & Disclaimers

Problem


Heart Failure emergencies are a $21B problem

A lack of remote Heart Failure monitoring solutions make it difficult for heart failure patients and healthcare providers to address emergencies.

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Heart failure is a cardiac condition that often results in breathing problems and frequent hospitalizations. 

Heart Failure patients have weakened heart muscles. As the heart begins to fail, fluid slowly accumulates in the lungs, which can lead to sudden and severe breathing problems.

In the US alone, 6M patients suffer from Heart Failure. Canada and Europe are facing the same problem. Because of the lack of a remote monitoring solution for Heart Failure, patients are referred to the ER and subsequently hospitalized, even if it is a false alarm.

Wearable monitors suffer from low accuracy, patient non-compliance, and limited data. Therefore, they are not used when it comes to long- term Heart Failure monitoring.

Invasive heart procedure devices that are surgically placed inside or around the heart are accurate. However, they are expensive, complex and are not the ideal solution for all patients.

Solution


A Cardiac Monitor using remote tech and AI

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Oracle Health is developing a tiny, insertable cardiac device to monitor Heart Failure and reduce unnecessary  hospitalizations. The device utilizes multi-sensors, remote monitoring technology and cloud based Artificial Intelligence for long term comprehensive cardiac monitoring.

Implantation a simple 2-minute office procedure that does not require a follow up, saving time for both patients and cardiologists. The device is inserted under the skin for improved accuracy, and does not require invasive surgery that other implanted devices do.

By tracking trends in ECG and Heart Sounds readings, physicians can detect heart failure decompensation before the onset of symptoms. This gives them actionable data to steer the patient away from further complication. 



Product


Billions of data points for a comprehensive long term cardiac monitoring solution

Oracle Health is developing a compact cardiac device that is inserted subcutaneously (under the skin) in a two-minute office procedure. Once administered, each device yields billions of data points, allowing healthcare providers to compare trending changes over 2-3 years for continuous cardiac monitoring. As Oracle collects more data, the analysis will improve through the use of machine learning and AI.

Our product relies on three main features: an acoustic sensor, an ECG, and a 3-Axis Accelerometer. The acoustic sensor listens to heart and lung sounds, while the Electrocardiogram (ECG) records heart rhythms and 3-Axis Accelerometer records activity, posture and body orientation.

Our device encourages patient compliance over the long-term, because patients do not need to follow a complex process to monitor their cardiac health.

Recorded cardiac data is securely transmitted to a smartphone, then to a cloud-based Artificial Intelligence algorithm for analysis, which the cardiologist can then review and take action.

By analyzing electrical and physiological trends, Oracle Health detects early signs of cardiac decline even before symptoms appear. This allows clinicians to prioritize at-risk patients, implement therapeutic interventions, and prevent hospitalizations. 

  

 



Traction


Oracle Health is a part of exclusive medical technology startup companies that was selected by Johnson & Johnson Innovation to join their global network of med tech ecosystem to create life-saving, life-enhancing health and wellness solutions to patients around the world.


Strong clinical evidence for Cardiac Bio-Marker


There are clear physiological changes preceding acute cardiac events, but detection has traditionally required invasive implants inside the heart. Oracle Health detects early signs of cardiac decline before any symptoms appear by utilizing Heart Sounds clinical findings to the next level of analysis, using remote monitoring technology and artificial intelligence.

Since our inception, we've attracted world-renowned heart failure physicians, scientists and engineers. We currently have an NDA with top medical centers for a human implant clinical trial, as well as a strategic partnership for implantable batteries.

We are currently conducting human testing at world renowned Maastricht University.

We were also accepted to JLABS at Texas Medical Center .

Customers


6M patients suffer from Heart Failure in US

Oracle Health was created for the sole purpose of offering comfort to 6M+ patients, family members, and care providers in the form of comprehensive heart failure management. As such, our customers are not only those who suffer from heart failure but those who treat it as well. Our device allows physicians to see trending changes in each individual patient, meaning both patients and physicians act with the most-informed medical agency at all times.


Business model


Short Regulatory Path with existing Insurance Coverage of $7400 / device for commercialization

Oracle Health has a simple go-to-market plan.

First, we will focus on two highest volume regions, Texas and Florida. We expect Texas and Florida to generate $5.5M within two years of launch. Each unit will retail for $5,300/unit with an established reimbursement of $7,400. With this business model, we project that our first 5K implants will generate $26M in revenue within 4 years. 

Second, we will obtain the most comprehensive, long-term cardiac data to date. This will allow Oracle Health to venture into predictions for cardiac events, and human longevity study.

Market


$5B Total Addressable Market opportunity

Initially, Oracle Health will focus on the 1M of heart failure patients who are in immediate need of remote monitoring solutions. Eventually we hope to reach all 6M Americans who suffer from heart failure.


Competition


Complete solution for Heart Failure using remote monitoring technology with Multi-Sensors and A/I

Multi-sensor technology and a super minimal insertion approach are our competitive advantages. This allows us to bring simplicity, accuracy and compliance never before seen in telemedicine or a heart failure monitor. Our simple office procedure, accurate data and comprehensive diagnostics, and existing reimbursement means we outperform competitors across the board.

Vision and strategy


Long term solution for chronic patients using remote monitoring technology 

With your investment, Oracle Health will make an everlasting impact on heart failure patients and our health care system. We will develop a long-term monitoring solution for patients to help prevent and reduce heart failure hospitalization. Along the way we aim to build the largest database of detailed heart data in the world.

Founders


Team of cardiologists, scientists, engineers and entrepreneurs with over 180 years of combined expertise

Funding


Raising $8M

Oracle Health is looking to raise $8M. Funding will go towards developing a commercially competitive device within 2 years to go after $5.3B market.

Disclaimers


Your investment is binding and irrevocable, although we reserve the right to reject it for any reason or no reason at all. Funds committed will remain in an escrow account maintained by Prime Trust, LLC until such time as a closing occurs. We will not be issuing share certificates; your investment will be solely recorded in book-entry electronic form by Vstock Transfer, LLC. our transfer agent and registrar. Investors will be to purchase shares of shares of our Common Stock through OpenDeal Broker LLC. We will pay, OpenDeal Broker LLC, a registered broker-dealer – a 6% cash commission on any plus a certain offering costs. Please review OpenDeal Broker LLC’s Form CRS. OpenDeal Broker LLC may require additional documents or information from you to complete your purchase, you will be contacted by a registered representative in this event.

An offering statement relating to Oracle Health, Inc.’s Common Stock has been filed with the Securities and Exchange Commission and became qualified on January 13, 2021. Prior to any investment Oracle Health, Inc.’s Common Stock, you should review a copy of the offering circular, or by contacting Oracle Health, Inc. by phone at (727) 470-3466 or writing at 910 Woodbridge Court Safety Harbor, FL 34695. No offer to sell any securities, and no solicitation of an offer to buy any securities, is being made in any jurisdiction in which such offer, sale or solicitation would not be permitted by applicable law.

Deal terms


Minimum investment

$250

The smallest investment amount that Future Cardia (Formerly Oracle Health) is accepting.
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Maximum investment

$100,000

The largest investment amount that Future Cardia (Formerly Oracle Health) is accepting.
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Funding goal

$8M

Future Cardia (Formerly Oracle Health) must achieve its minimum goal of $250K before the deadline. The maximum amount the offering can raise is $8M.
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Deadline
Future Cardia (Formerly Oracle Health) needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
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Type of security

Stock Purchase Agreement
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Valuation

$20,000,000

The stated valuation of the company before any subscriptions are taken in to account. Each dollar invested in Future Cardia (Formerly Oracle Health) will increase the valuation by that same amount, assuming the offering is successful.
Learn more

Price per security

$2

The price of each unit of stock.
Learn more

How it works

Documents

Capital R (OpenDeal Broker LLC, CRD #291387) is hosting this Reg A+ securities offering by Oracle Health, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form 1-A SEC.gov
Company documents
Future Cardia (Formerly Oracle Health) Future Cardia (Formerly Oracle Health) SPA Oracle Health 1A Amendment.pdf Disclosures & Disclaimers.pdf Form CRS.pdf Additional Risk Disclosures.pdf

About Future Cardia (Formerly Oracle Health)

Legal Name
Oracle Health, Inc.
Founded
May 2019
Form
Delaware Corporation
Employees
5
Website
oracle-health.com
Social Media
None
Headquarters
Google Map location of of Future Cardia (Formerly Oracle Health)
2450 Holcombe Boulevard , Houston, TX
Headquarters
2450 Holcombe Boulevard, Houston, TX, United States 77021

Future Cardia (Formerly Oracle Health) Team
Everyone helping build Future Cardia (Formerly Oracle Health), not limited to employees

Profile picture of Jaeson Bang
Jaeson Bang
Founder, CEO
Heart Failure Clinical, Technology and Business operations for the past 18 years with Medtronic and Silicon Valley Startups
Profile picture of Dimitrios Georgakopoulos PhD
Dimitrios Georgakopoulos PhD
Director of Science
Heart Failure and Cardiac Hemodynamics scientist at Startups and a NASDAQ company
Profile picture of Randy  Armstrong
Randy Armstrong
Director of Technology
30 Years of expertise in Implantable Cardiac Devices development, including NASA and top med tech companies.
Profile picture of Dr. Dan Burkhoff MD PhD
Dr. Dan Burkhoff MD PhD
Medical Advisor
World renowned Physician Scientist with med tech startup and Heart Failure expertise
Profile picture of Dr. Kevin  Heist MD PhD
Dr. Kevin Heist MD PhD
Medical Advisor
Stanford MD PhD, currently at Harvard.
Profile picture of Anatoly Yakovlev PhD
Anatoly Yakovlev PhD
Data Scientist
Stanford PhD with expertise in neuromodulations and AI
Profile picture of Frits Prinzen PhD
Frits Prinzen PhD
Scientist
World's foremost expert in Cardiac Mechanics and Hemodynamics
Profile picture of Dr. Toshi Okabe MD
Dr. Toshi Okabe MD
Medical Advisor
Electrophysiology Cardiologist from Ohio State University
Profile picture of Dr. David Kraus MD
Dr. David Kraus MD
Medical Advisor
Heart Failure and Cardiac Transplant Physician
6 more team members
Jaeson Bang
Founder, CEO
Dimitrios Georgakopoulos PhD
Director of Science
Randy Armstrong
Director of Technology
Dr. Dan Burkhoff MD PhD
Medical Advisor
Dr. Kevin Heist MD PhD
Medical Advisor
Anatoly Yakovlev PhD
Data Scientist
Frits Prinzen PhD
Scientist
Dr. Toshi Okabe MD
Medical Advisor
Dr. David Kraus MD
Medical Advisor
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Future Cardia (Formerly Oracle Health)

Future Cardia (Formerly Oracle Health) successfully raised $3,289,558 from 3630 investors on August 29, 2021
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Philippe, Venatius, Joseph, Martin, Jonathon, and 3625 others invested. 914 Reviews
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