LAS VEGAS – PillDrill Inc. has closed $3 million in funding, and plans to use the new funds to grow its distribution channels.
The company has also been named a CES 2017 Innovation Awards Honoree in the Tech For a Better World category, and was recognized at the Consumer Technology Association’s “CES Unveiled New York” event earlier this month.
“We’re thrilled at the response to the product since our launch in April,” said Peter Havas, PillDrill’s founder and CEO, in a press release. “Medication adherence is a huge challenge across the board, and we’re committed to bringing PillDrill to the mass market to help solve it.”
PillDrill is an intuitive scanning system that simplifies the task of medication management with the PillDrill Hub, a device that sits next to the user’s pills and issues audio-visual alerts when doses are due. To indicate that a dose has been taken, the user waves the medication container in front of the Hub. Each scan triggers a real-time update to family members or concerned parties.
“Medication adherence is consistently one of the biggest challenges in health care, and throughout the years I’ve seen dozens of medical technology companies try and fail to addres sit,” said Annette Campbell-White, who recently joined PillDrill’s Board of Directors, in a statement. “I think PillDrill is the first medication management product people will actually want to use.”