AirStrip Secures $50M Growth Credit Commitment From OrbiMed, Plus Additional Preferred Stock Investment

Deal Summary

AirStrip, an enterprise AI healthcare technology company, secured a $50M growth credit facility from OrbiMed, which also made an additional preferred stock (equity) investment in the company. The equity amount was not disclosed; funds will be used to accelerate AirStrip's growth and expand demand for its patient monitoring solutions.