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ApniCure
Apnicure - Winx Therapy System for Obstructive Sleep Apnea
About ApniCure
ApniCure, Inc. was a medical device company established to address the challenges of obstructive sleep apnea (OSA). The company was founded in December 2007 by Matt Vaska, a medical device veteran, alongside Jonathan Podmore, Jed Crowe, and Chris Daniel. Vaska's inspiration for the company came from his father's diagnosis with OSA and subsequent inability to tolerate the standard CPAP treatment. Headquartered in Redwood City, California, ApniCure operated as a private company, securing significant venture capital, including a total of $70.8 million over five funding rounds from investors like Kleiner Perkins and USVP.
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The company's core business centered on the development and commercialization of home-use medical devices for sleep-related disorders. ApniCure's flagship product was the Winx™ Sleep Therapy System, designed as an alternative for patients with mild, moderate, and severe OSA who found CPAP machines uncomfortable or inconvenient. The business model initially focused on distributing the Winx system through sleep labs, but later shifted to a direct-to-consumer approach combined with telehealth services, allowing patients to consult with sleep therapists via online video appointments. This strategy aimed to reach individuals who had given up on CPAP therapy altogether.
The Winx system utilized a proprietary technology called Oral Pressure Therapy (OPT). Unlike CPAP machines that use forced air, the Winx system created a light oral vacuum. The device consisted of a quiet, bedside console connected by a slim tube to a soft, flexible mouthpiece. This mouthpiece would gently pull the soft palate forward and stabilize the tongue, thereby keeping the airway open for natural breathing during sleep. Key features included the mask-free design, quiet operation, and slim tubing that allowed for greater freedom of movement during sleep. The system also had a data management feature to track patient usage on an SD card. After successful clinical trials, the Winx system received 510(k) clearance from the U.S. Food and Drug Administration (FDA) in 2012, allowing it to be marketed in the United States. Despite its novel approach and initial market entry, ApniCure went out of business in late 2017, and the Winx system is no longer available.
At a glance
- Status
- Operational
- Founded
- 2007
- Headquarters
- Redwood City, United States
- Open positions
- None listed
- Dealroom signal
- 56.3/100
- Industry
- Health
- Sub-industry
- Medical Devices
- Sector
- Health Tech & Medtech, Apnea, Respiratory, Sleeping, Hard Tech, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2c
Latest news
Press, funding announcements and product moves mentioning ApniCure.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Mar 2016 | $16M | $63M | Undisclosed | — |
| SERIES COther financing | Apr 2013 | $5.1M | $20M | U.S. Venture Partners · Kleiner Perkins · Capricorn Investment Group | — |
Growth signals
Latest recorded traffic for ApniCure is 0 monthly website visits.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later4 investors entered at this stage
Capstone Headwaters
Capricorn Investment Group
U.S. Venture Partners
Kleiner Perkins
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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