Transformative announced raising $1.7 million led by Estonia’s Tera Ventures.

Transformative, a Talinn, Estonia-based healthcare software startup, announced raising $1.7 million in capital investment.

The round was led by Tera Ventures and included funding from the Wellcome Trust, which provided Transformative a Healthcare Innovator Award, and from InHealth Ventures, which had previously invested in Transformative’s pre-seed round.

Andrus Oks of Tera Ventures and Nick Slater of AI Seed are joining Transformative’s board.

The money will be used will to obtain FDA clearance for its first product and to begin developing technologies that predict other life-threatening conditions,

Transformative, founded Marek Sirendi, Josh Oppenheimer (CEO) and Marek Rei, developed a software solution that predicts sudden cardiac arrest by analysing data from patient monitoring devices that are standard in hospitals. The company is active in the US, UK and Estonia,