Ognomy Advances Sleep Apnea Care with New Funding Round Supported by Launch NY

Buffalo Startup Raises $6.8 Million 

In a significant milestone for Buffalo’s burgeoning tech ecosystem, Ognomy, a pioneering telemedicine platform for sleep apnea diagnosis and treatment, has successfully closed a substantial seed funding round, raising over $6.8 million. This infusion of capital, led by Impellent Ventures and bolstered by a key strategic partner in the sleep medicine industry, marks a pivotal moment for the startup, further solidifying its role as a leader in the sleep health space. 

Transforming Sleep Apnea Care for Over 11,000 Patients 

Since its inception in 2021, Ognomy has made remarkable strides, serving more than 11,000 patients through its innovative, web-based platform. The company’s mission is to make high-quality, accessible sleep apnea care available to patients across the nation. With a growing network of 22 sleep providers licensed across 43 states, Ognomy is well on its way to achieving nationwide coverage by the end of this year. 

AI-Driven Automation and Integrated Care 

The recently secured funding will be instrumental in advancing Ognomy’s platform, integrating cutting-edge AI-driven automation and enhanced information exchange capabilities. These advancements are designed to streamline the patient journey, from initial diagnosis to ongoing management and care coordination. “With AI-driven automation and a fully integrated platform, we are poised to revolutionize the way sleep apnea is diagnosed and treated,” said CEO Daniel Rifkin. 

A Thriving Investment Ecosystem in Buffalo 

Ognomy’s success is a testament to the vitality of Buffalo’s startup scene, which continues to attract significant investment despite a challenging economic climate. According to Biz Journal, Ognomy is the 10th local company to announce the closing of a private, growth-oriented round of funding this year, joining the ranks of other innovative companies like Strideful, Circular.eco, Edenesque, and CleanFiber. 

Join the Movement: Launch NY’s Role in Startup Success 

As a Launch NY portfolio company, Ognomy’s achievements underscore the critical role that Launch NY plays in supporting and nurturing startups in the region. For investors looking to tap into high-growth opportunities, the Launch NY Investor Network offers a unique platform to connect with some of the most promising startups in Western New York. Ognomy’s latest funding round is a prime example of the impact that strategic investment can have on a company’s trajectory. 

With its latest funding secured, Ognomy is set to continue its mission of transforming sleep apnea care across the country, making a profound impact on the lives of patients and setting new standards in the telemedicine industry. 

If you’re interested in learning more about investment opportunities with innovative companies like Ognomy, consider joining the Launch NY Investor Network. Explore how you can be a part of the next big success story in Upstate NY startup ecosystem. 

 

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