Portland-based Kannact has more funding to help fuel development of its at-home diabetes management platform. The 4-year-old startup recently closed $ 5.5 million in investment, bringing total funding up to $ 8.5 million. The fresh cash will help Kannact sell its blood glucose monitoring device that automatically logs readings and sends data in real-time to the cloud and smartphone app. “We take biometric monitoring and make it easy,” Kannact CEO Krishna Rao told GeekWire. Kannact also employs coaches to help diabetic patients stay on their regimes. Rao said his company can be described as a “pharma,” given that it also employs its own pharmacist and delivers medical supplies… Read More
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