RALEIGH –Digital Health company SharkDreams has raised $1 million in new equity, according to a filing with the U.S. Securities and Exchange Commission.
The Raleigh-based company raised $1.850,000 in two rounds in 2017.
Founded in 2017, the company’s aim is to become a leading provider of advanced digital clinics through unique software products and devices, in order to provide high quality care for patients everywhere.
The company’s LIVIT application and device connects patients and healthcare providers who can review a patient’s health, conduct live chats, and update prescriptions. It detects medicine consumption and transfers the data to the system for access by the patient and the provider. It is intended to solve medicine non-adherence.
The SharkDreams blog cites Center for Disease Control and Prevention figures stating that non-adherence affects 60 percent of the approximately 3.8 billion prescriptions written in the U.S. every year, while 20 percent are not filled, and 50 percent are taken incorrectly.
The company’s founder is Dharma Teja Nukarapu, a Wichita State University computer science graduate who previously worked as a software engineer at Lenovo from 2011 to the end of 2016.
Nukarapu holds five patents from his work at Lenovo.
The company also has offices in India.
