A Digital Publication for the Practicing Medical Specialist, Industry Executive & Investor

No Carolina / New York

R-Zero Raises $15M in New Capital: To Accelerate Production and Deployment of its Flagship IoT UV-C System

November 11, 2020

R-Zero, a biosafety company dedicated to developing the most effective hospital-grade technologies to reduce the spread of infectious disease, today announced $15M in new capital and remarkable business momentum, just three months after first introducing its germicidal UV device.

R-Zero notes the $15M Series A round of financing was led by DBL Partners, one of the largest pioneering and leading impact investors, with participation from Bedrock Capital and HAX / SOSV. As part of the round, Ira Ehrenpreis, Managing Partner at DBL Partners, has joined R-Zero’s Board of Directors. This new capital will allow R-Zero to further accelerate production and deployment of its flagship IoT UV-C system to meet strong demand, while continuing development of new product innovations that will further contribute to a new standard public health and safety.

“In today’s world, nothing is more important than the health and safety of our families, fellow employees and frontline workers, but unfortunately the cost of effective disinfection protocols has been prohibitively expensive,” said Ira Ehrenpreis, Managing Partner at DBL Partners and R-Zero board member. “Through innovation and cost reduction, R-Zero democratizes access to safety for businesses and communities alike. In much the same way as companies in other critical industries have experienced exponential growth by unlocking new technologies and attracting a new breed of entrepreneurial talent, R-Zero is similarly poised to benefit from impact investment dollars. The goal is to modernize the disinfection space with its breakthrough technology, aimed at addressing the critical societal issues around trust, appropriate health protocols, and the need for safer spaces.”

R-Zero was founded in the early stages of the pandemic by co-founders Ben Boyer, Grant Morgan and Eli Harris after recognizing a unique opportunity to revolutionize the $20B+ infection prevention industry and help businesses increase employee and customer safety. Until now, UV-C disinfection technology has been limited to hospitals, where costs can range between $60,000 and $125,000 per unit and are too cumbersome to integrate efficiently and effectively for mainstream organizations and consumers. Alternatively, R-Zero’s flagship germicidal UV device, Arc, successfully offers the same or better safety and efficacy as the systems used in hospitals, at a fraction of the price (via hardware-as-a-service subscription). BLE, LTE-M and GPS connectivity also share usage data in real time, providing organizations with an auditable trail of disinfection activities, and making a previously invisible process visible for the first time — a step forward in the safe reopening of common spaces.

Results from recent independent lab tests show Arc successfully destroys over 99.99% of pathogens (including coronavirus, E coli, MRSA, and feline calicivirus) in a 1,000 sq ft space, in under 7 minutes, thereby validating its ability to significantly decrease pathogenic risk across a variety of environments. And while Arc’s high efficacy makes it an ideal option for clinical settings, the product is also designed to work seamlessly in a wide range of environments found outside of a hospital, including schools, restaurants, hotels, senior care facilities, office spaces (and CRE), manufacturing environments, professional athletic facilities and more.

“In a time when an invisible microorganism is causing unprecedented human suffering and economic destruction on a truly global scale, businesses everywhere need solutions that enable them to reopen doors and keep them open safely,” said Grant Morgan, CEO and Co-founder of R-Zero. “As pathogens have evolved, the tools we use to combat them have not. The need for innovation around how we create safer spaces has never been more urgent and apparent. We see an opportunity to modernize the infection-prevention industry by building upon proven science and applying intelligent hardware, easy-to-use software, and data science, to restore consumer trust and stop the spread of infectious disease, now and forever.”

Now, just six months after the company’s inception, organizations of all shapes and sizes recognize R-Zero as a safe and effective way to resume operations safely and restore trust. As such, R-Zero’s innovative UV-C technology is actively enabling safety across a large number of school campuses, more than one million square feet of office space, athletic facilities of professional sports teams, neighborhood and Michelin star restaurants, hotels and more.

In addition to establishing a new standard of trust and safety for businesses and consumers in the COVID-19 era, the company recognizes that this pandemic will ultimately have a larger impact on every aspect of modern culture and how the world looks at infectious disease. From this point forward, businesses around the globe will be putting infection prevention and environmental safety at the forefront of their day-to-day operations, making technologies like UV-C a standard protocol necessary to stop the spread of new infectious diseases, in addition to the seasonal flu, norovirus, E.coli, the common cold and more, all of which impact tens of millions of Americans every year.

Medical Device News Magazinehttps://infomeddnews.com
Medical Device News Magazine provides breaking medical device / biotechnology news. Our subscribers include medical specialists, device industry executives, investors, and other allied health professionals, as well as patients who are interested in researching various medical devices. We hope you find value in our easy-to-read publication and its overall objectives! Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

More News!

With this new investment partnership, E Tech Group expects to accelerate organic growth and acquisition to become a top system integrator in North America.
The investment will allow ROM InWest to further distribute its fall detection product globally.
Nawal Ouzren, Sensorion’s Chief Executive Officer, said: “We are thrilled to announce another successful capital raise, securing an additional EUR 15 million to accommodate interest expressed by certain existing investors. This builds on the earlier EUR 50 million financing announced in February 2024, adding up to a total of EUR 100 million raised in less than 9 months. With this new financing, we are well-positioned to accelerate our gene therapy programs, including the progression of SENS-501 through its Phase 1/2 clinical study, Audiogene, and the advancement of our second program, GJB2-GT, towards Clinical Trial Applications submission in H1 2025. The capital increase enables the Company to finance its activities until the end of 2025. We remain deeply thankful for the ongoing support of our shareholders and partners as we strive to make a meaningful difference in the lives of those affected by hearing loss disorders.”
Strategic Investor, Osang Healthcare will partner with Kryptos Biotechnologies for the manufacturing and distribution of the product along with financing.
Proceeds from the financing will advance Obsidian’s lead engineered tumor-infiltrating lymphocyte (TIL) program, OBX-115, in its ongoing trials for patients with melanoma and non-small cell lung cancer (NSCLC). Obsidian Therapeutics is focused on enrolling patients and reaching key clinical and regulatory milestones, as well as manufacturing scale-up ahead of pivotal trial readiness.

By using this website you agree to accept Medical Device News Magazine Privacy Policy