TidalSense secures $19M to transform respiratory diagnostics starting with a COPD breath test to cut patient wait times

Press Release

  • The round includes investment from new investor Cross-Border Impact Ventures, a North American health tech impact fund, and returning investors BGF, Airstream Capital and Foresight Group.
  • The raise takes total funding to $40m (including $11m grant funding) and will fund accelerated commercialisation in the UK & Ireland, and Europe, and will support market entry to the USA as TidalSense fields inbound interest from over 60 countries
  • Led by Dr Ameera Patel, CEO, whose own struggles and long wait to obtain an asthma diagnosis drove her to build a better more accessible diagnostic for COPD (the world's third biggest killer) which takes on average under five minutes
  • N-Tidal Diagnose — the first non-spirometry AI diagnostic device to be CE-marked for COPD — showed above 90% precision compared to existing spirometry's 71% precision in primary care, and has already been used across multiple regions in England, Scotland and Wales

Cambridge, UK — 08:00 GMT+1 24 July 2026 — At least 600,000 people in the UK are currently waiting for a formal COPD diagnosis. The test they are waiting for - spirometry - requires forceful exhalation, specialist training to administer, and can take the best part of an hour per patient when factoring in wait and recovery time.

TidalSense has built an alternative. N-Tidal Diagnose requires patients to breathe normally into a handheld device for 75 seconds, capturing a CO₂ waveform — a capnogram — of the kind traditionally used in critical care, which a set of AI models analyses to detect COPD. Any healthcare professional can be trained to use the device in 10 minutes, with no specialist qualification required. The result: clinicians can see 4-6 patients an hour, compared to roughly one an hour with traditional spirometry.

Today, TidalSense announces a $19 million funding round to accelerate commercialisation in the UK and support globalisation of the technology, including to the USA. The round includes investment from new investor Cross-Border Impact Ventures (a North American health tech impact fund), and returning investors BGF (the UK's most active growth capital investor), Airstream Capital, and Foresight Group.

COPD is the UK's third biggest cause of death, killing around 30,000 people a year and costing the NHS £1.9 billion annually. Over half of NHS regions' lack the capacity to meet current demand for spirometry testing, and an estimated 1.9 million people are living with the condition — diagnosed and undiagnosed combined. And it's getting worse. COPD is the second-leading cause of emergency hospital admissions, while an exacerbation serious enough to require hospital treatment is linked to worse prognosis and higher risk of death.

N-Tidal Diagnose was designed to close that gap. Its AI diagnostic models have been trained on more than 2.5 million patient breaths. The patented technology is the product of more than a decade of R&D that has been led by some of the leading experts in the field. In the first post-market validation of the device — presented at the European Respiratory Society congress in 2025, and conducted on a completely unseen patient cohort — N-Tidal Diagnose achieved above 90% performance across all key metrics of diagnostic accuracy.

N-Tidal Diagnose software became the first non-spirometry AI diagnostic device to receive a CE mark under EU MDR (Class IIa) for COPD in March 2025 and launched into the NHS in September 2025. It was commissioned by Suffolk and North-East Essex Integrated Care Board, and its use has since expanded into NHS Wales, community lung screening clinics in the South of England, and now into Glasgow.

Dr Ameera Patel, CEO of TidalSense, said: "Respiratory disease has been neglected by governments and health systems for years, often overshadowed by cancer and cardiovascular disease, even though it affects one in five people. That's finally starting to change. The World Health Organization now recognises COPD as a global health priority, and it's about time. Part of the problem has always been how we talk about it: COPD is widely seen as a smoker's disease, but a quarter of cases come from air pollution and the biomass fuel millions still cook with every day.”

"We're still diagnosing in the 21st century with a test invented in the 1800s, and one that needs specialist equipment and training most of the world doesn't have access to. Lower income and minority communities pay the price for that first. That's the gap we want to close at TidalSense, and the NHS is the first place we're doing it.”

Claire Greason, Chief Nursing Officer at GP Primary Choice in North East Essex, said: “GPPC deployed N-Tidal Diagnose last year, and the test has proven to be a simple, effective, and accessible diagnostic tool for patients. Unlike traditional spirometry, N-Tidal Diagnose requires only relaxed, normal breathing rather than forced exhalation, making it suitable for a wider range of patients, including those who may previously have been unable to undertake spirometry due to contraindications or practical challenges.

N-Tidal Diagnose has enabled us to offer an alternative diagnostic assessment, supporting earlier and more inclusive access to COPD diagnosis and care. Feedback from patients has been overwhelmingly positive, with many valuing the simplicity of the test and the significantly shorter appointment times compared with traditional spirometry.

Our workforce has also embraced the introduction of N-Tidal Diagnose, finding both the implementation process and the delivery of clinics straightforward. Staff report that the technology has had a positive impact on patient experience, service efficiency, and overall service delivery, helping us to provide timely, high-quality care to a broader range of patients.”

Dr Hannah Burke, Consultant Respiratory Physician at University Hospital Southampton, said: “One of the biggest challenges we face in COPD is identifying people earlier and making diagnosis more accessible, particularly for those who struggle to attend traditional hospital appointments or complete conventional lung function testing. Taking diagnostics out into the community gives us the opportunity to reach people at risk of lung disease who might otherwise remain undiagnosed until their symptoms become more severe.

“That's exactly what we've been doing through our community lung health events, delivered in integrated neighbourhood hubs. These events are designed to engage people at increased risk of lung disease in familiar, accessible settings, and having a rapid, easy-to-use diagnostic tool has been key to their success.

“N-Tidal Diagnose has fitted extremely well into this model. The test is quick to perform, straightforward for patients and supports a high-throughput approach, allowing us to assess many more people during our community events than would be practical using spirometry alone. It's much easier for patients to perform than spirometry and provides an excellent first step in identifying people who may have obstructive airways disease and should be referred for further assessment.”

The funding supports TidalSense to accelerate commercialisation in the UK, Ireland and Europe and support US market entry work, as well as development of its diagnostic platform to new indications such as asthma, alongside continued hiring — particularly a growing commercial and operations team.

New investor Cross-Border Impact Ventures’ investment reflects a mandate to back digital health technologies with the potential to scale into frontier markets, a thesis that lines up with TidalSense’s own ambitions to address COPD as a global health challenge.

Dr Erika Kennigonton, Head of Research and Innovation at Asthma + Lung UK, said: “Asthma + Lung UK is proud to support this vital research to speed up respiratory diagnosis. Delays in diagnosis cost lives but there have been no major breakthroughs to improve these tools in over two decades. New approaches are desperately needed to make diagnosis quicker and more accessible, so people can access support before things get worse.

“Despite over 12 million people in the UK having a lung condition, current funding for lung health research is on life support and too many people are not even receiving recommended basic care to manage their condition.”

Donna Parr, Managing Partner at Cross-Border Impact Ventures, said: “We look for technology that doesn’t just have a compelling story, but a body of clinical evidence behind it. TidalSense has both, with a CEO who has lived the problem she’s solving, and a product that’s already live within the NHS healthcare environment, saving time for patients who have waited years for an answer. It is also technology that can improve access to appropriate treatment for COPD sufferers on a global basis and especially for women who are often misdiagnosed. This is exactly the kind of impact we want to make with our investments.”

TidalSense has deepened its senior bench ahead of the US expansion, with Andrew Wheeler, Director of Market Access and Public Policy, joining from NICE; Eric Mayes, Non-Executive Director, who was founding CEO of Endomagnetics, the UCL spinout acquired by Hologic for $310 million in 2024; and Donna Parr, who joins the board with more than 30 years of tech and health tech investment experience. They join a leadership team including Julian Carter, co-founder and Chief Engineering Officer, who has led the technical development of the CE-marked N-Tidal hardware devices since the company's founding.

ENDS

Press contacts

tidalsense@transatlanticent.com

About TidalSense

TidalSense is an AI-powered respiratory diagnostics company headquartered in Cambridge, UK, led by CEO Dr Ameera Patel. Its software device, N-Tidal Diagnose used in combination with N-Tidal hardware, uses AI-analysed tidal breathing — rather than the forced exhalation required by spirometry — to deliver a fast, non-invasive diagnosis of COPD in under five minutes, without specialist training or hospital-grade equipment. N-Tidal Diagnose is the first non-spirometry AI diagnostic device to receive a CE mark under EU MDR (class IIa) for COPD, and has been commissioned and used across multiple healthcare settings. TidalSense has raised $40 million to date including $11 million in grants from Innovate UK, SBRI, NIHR, Asthma-Lung UK. For more information, visit https://tidalsense.com/

About Cross-Border Impact Ventures

Cross-Border Impact Ventures (CBIV) is an impact venture capital firm on a mission to revolutionize venture investing in health technology. CBIV specializes in investing in early-growth stage health technology companies commercialising medical devices, diagnostic tools, therapeutics and digital health solutions incorporating sophisticated technologies like Artificial Intelligence (AI) and Machine Learning (ML) focused on addressing healthcare conditions that impact women and children specifically, differently or disproportionately. All innovations they finance are relevant to women’s, children’s, and adolescents’ health and located in North America and Europe, with the ability to scale technologies to emerging markets. The firm is driven by the belief that good health should not be restricted by gender, age, race, wealth, or borders and seeks to expand access to their portfolio’s world class technologies inclusively and globally. For additional information, visit crossborder.ventures.

About BGF

BGF is the most active growth capital investor in the UK & Ireland. Since 2011, it has invested £5 billion in 650 small and mid-sized businesses, generating £3.7bn in proceeds across more than 280 exits. Initial investments in growth-stage business are between £3 million and £30 million, and between £3 million and £10 million for earlier-stage businesses. BGF provides follow-on funding to support further growth, and tailored value creation support from investment to exit.

www.bgf.co.uk / @BGF

About Airstream Capital

Airstream Capital is a corporate development and investment company founded by Gavin Petken (ex. RBS, BGF) and Ed Woodward (ex. JP Morgan, Manchester United), focussed on technologies, markets, and management teams that are positioned to capitalise on major value drivers such as healthcare, sport, and education. With a high portfolio weighting towards companies that are technology driven, Airstream operates across the UK, US, Europe and the Middle East.

About Foresight Group (“Foresight”)

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

A constituent of the FTSE 250 index, Foresight’s diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors. Its wide range of private and public funds is complemented with a variety of investment solutions designed for the retail market.

Foresight is united by a shared commitment to build a sustainable future and grow thriving companies and economies.

Visit https://foresight.group for more information.
Follow us on LinkedIn for key updates.