Dear Investors,
This month, we hosted a demo day at our lab to showcase the latest evolution of our prototypes, we hit an exciting new performance milestone with our sensor now performing at 1,000,000x more sensitive that CGMs which is now in the range required for LumeHome. We’re now moving full steam ahead to productionizing this technology for our first product release - LumeHome.
We’re taking pre-orders now and starting partnerships for distribution. We’re also actively fundraising to accelerate our path to market.
💰 Financial Update
Projected Runway until: July 2025
April 2025:
- Projected Burn Rate: $67,950
- Actual Burn Rate: $65,394 ($2,556 under)
April 2025: Projected Burn Rate: $46,266
Science & Engineering 🧬
- Sensitivity Goal Achieved and Validated: We’ve reached and repeatedly validated our key sensitivity milestone: 10 pM continuously in the flow-through system. This makes our novel platform over 1,000,000 times more sensitive than existing CGMs.
- Sensor Longevity Improved: Our latest prototypes work for over 10 days of continuous use with no deterioration in signal quality. This is a major advancement toward real-world viability.
- Electrical Architecture Progress: We’ve completed design checks and macro-placement for our tethered wearable development board. The team is on track to bring up these boards over the summer as we progress toward full system integration.
- LumeHome Development Sprint: We’ve officially kicked off development of LumeHome, our at-home hormone testing system, in partnership with Burst Diagnostics. Component selection and early testing are underway for our dual-analyte melatonin + cortisol test cards.