NZ gut-health startup raises $16.3m

The Gastric Alimetry device has 64 electrodes. (Image: Alimetry)

Wed, 02 Mar 2022

A healthcare startup that manufactures a wearable gastric diagnostic device has raised $16.3 million in a Series A funding round led by local venture capital investor Movac.Alimetry was founded in 2019, spun-out of the University of Auckland’s Auckland Bioengineering Institute by chief executive officer Greg O’Grady and chief technology officer Armen Gharibans. The former is also a university department of surgery professor. The company’s device is called Gastric Alimetry and uses a stretchable electrode sensor placed on...

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