The Business Development Board of Palm Beach County has announced the expansion of Aventusoft, the inventor of the “HEMOTAG CPAS” cardiac diagnostic system, in Boca Raton. The company, led by founder and CEO Kaustubh Kale, was awarded an additional $3 million in funding from the National Institutes of Health. Aventusoft plans to add 10 new jobs at its office in Boca Raton and will create a capital investment of $6 million through the expansion.
Aventusoft developed the “HEMOTAG CPAS” in Boca Raton at the Research Park at Florida Atlantic University, worked on clinical trial testing at health care facilities such as JFK Medical Center, and intends to manufacture the product in Palm Beach Gardens. The Business Development Board connected Aventusoft with technical experts, potential investors, potential partners and other technical support to help the company move toward commercialization of the HEMOTAG CPAS.
Palm Beach Post