U-Pump Initiates $1.5 Million Funding Round to Revolutionize Insulin Patch Pump Technology

HOUSTON - April 14, 2024 - PRLog -- U-Pump Initiates $1.5 Million Funding Round to Revolutionize Insulin Patch Pump Technology

U-Pump, a leading innovator in healthcare technology, has officially commenced its $1.5 million funding round to propel the development of its groundbreaking insulin patch pump. The funding will facilitate the finalization of the pump's design and the submission of an application to the PreFDA for regulatory approval.

U-Pump's insulin patch pump represents a paradigm shift in diabetes management, combining state-of-the-art technology with user-centric design. The pump integrates Swiss clockwork precision and an AI bolus calculator to deliver accurate and personalized insulin dosing. Additionally, the patented OneMove system simplifies installation, enhancing user experience and adherence to treatment protocols.

"With this funding round, we're poised to bring our revolutionary insulin patch pump one step closer to market," said Alexander Senkevich, CEO of U-Pump. "Our technology has the potential to transform the lives of millions of individuals living with diabetes by providing them with a more convenient, accurate, and user-friendly insulin delivery solution."

The global Insulin Pump Market is grow from $4.57 billion to $13.17 billion by 2029, CAGR of 16.3% in the forecast period, 2022-2029, driven by the increasing prevalence of diabetes and the growing demand for advanced treatment options. U-Pump is well-positioned to capture a significant share of this market, with its innovative technology and commitment to improving patient outcomes.

Investors interested in participating in U-Pump's funding round are encouraged to contact Alexander Senkevich at ceo@u-pump.com.

About U-Pump:
U-Pump utilizes advanced technologies such as AI (Artificial Intelligence) and precision engineering, drawing inspiration from Swiss watch mechanisms to ensure accurate insulin dosing. Additionally, it features innovative solutions like the OneMove system for seamless pump installation. With its cutting-edge technology and user-centric design, U-Pump aims to improve the quality of life for individuals living with diabetes worldwide.