Tracy Warren cofounded Astarte Medical in 2016 to improve care for premature babies.
Astarte, which sells software to standardize nutrition for babies in intensive care units, had raised $14 million in venture funding to date and landed contracts with four hospitals.
Last year, the startup wasn't able to land as many new contracts as it hoped, with hospitals struggling to manage their slim margins.
But Astarte ultimately decided not to make the promise to build AI into its tech for clinical decision-making.
The startup is hoping to find a buyer by the end of the first quarter of the year.
Persons:
Tracy Warren, Warren, Astarte, Tammi Jantzen, Katherine Gregory, Gregory, Warren didn't, Nenov, Jantzen, —, we've, we're, Medical's
Organizations:
Business, Brigham, Women's, Viking Global, Ben Franklin Technology Partners, Children's, Gillette Children's Hospital, Children's Hospital, Arkansas Children's Hospital
Locations:
Virginia, Minnesota, Arkansas