What You Should Know:
Oaktree Capital Management has closed its Life Sciences Lending Fund with a total capital commitment of $2.3B, representing the largest pool of capital ever raised dedicated to the space. Oaktree’s Life Sciences Lending Fund aims to generate attractive risk-adjusted returns by providing bespoke capital solutions to innovative companies across the life sciences sector globally, with a focus on high-growth subsectors, such as biopharma and medical
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Shoni Health Ventures Launches Health Tech VC Fund
What You Should Know:
Shoni Health Ventures, a new health tech VC fund announces it’s official launch affiliated with ARC Innovation at Sheba Medical Center. The affiliation with Sheba Medical Center gives portfolio companies access to global ecosystem partners, including leading health systems and medical personnel, and more than 25 years of medical data. The fund will invest in early-stage (pre-seed and seed stage) startups and will utilize its unique resources to support entrepreneurs
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AWS Launches $100M Generative AI Center to Accelerate Healthcare, Life Sciences
What You Should Know:
Amazon Web Services, Inc. (AWS) announced an investment of $100M to launch the AWS Generative AI Innovation Center, with healthcare and life sciences as a prioritized industry (alongside Financial Services, Energy & Utilities, Telco, and others). The AWS Generative AI Innovation Center will connect AWS AI and machine learning (ML) experts with customers around the globe to help them envision, design, and launch new generative AI products, services, and
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Smart Eye Will Monitor Driver’s Vital Signs to Enhance Road Safety
What You Should Know:
Smart Eye, a developer of Driver Monitoring System (DMS) technology for the automotive industry adds vital signs detection that analyzes multiple physiological signals to remotely monitor heart and respiration rates, enabling detection of sudden illness and prioritizing driver well-being.
By tracking the driver's physiological indicators, this new feature enables the early detection of sudden illnesses or unresponsive behavior while operating a vehicle. This
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Quest Diagnostics Completes Acquisition of Haystack Oncology
What You Should Know:
Quest Diagnostics announced that it has completed its $450M acquisition of Haystack Oncology.Haystack Oncology has developed a highly sensitive minimal-residual disease (MRD) testing technology, based on circulating tumor DNA (ctDNA), to aid in the early detection of residual or recurring cancer and better inform therapy decisions.Acquired back in April, the acquisition will leverage Quest’s expertise and scale in oncology, genomics and pathology. Quest
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DUOS Raises $10M to Empower Older Adults to Live Independently
What You Should Know:
DUOS, a digital health company focused on empowering older adults to live independently, announced today an additional $10M in funding led by Primetime Partners, SJF Ventures, and CEOC's Aging Innovation Fund managed by Castellan Group. Founded in 2020, DUOS focuses on older adults' aging needs and maximizes their well-being by connecting them with untapped health plan benefits and building high-trust relationships. The DUOS' System of Aging technology connects
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Medical AI: AccurKardia Secures $2.7M for Clinical Grade ECG Analytics
What You Should Know:
AccurKardia, Inc., a New York-based medical AI software company delivering clinical-grade ECG interpretation software to cardiac monitoring companies raises $2.7M in seed funding led by Popular Impact Fund alongside other private investors. AccurKardia combines proprietary AI and non-AI-based techniques to provide near-real-time ECG analytics in the cloud, on device and at the edge
Clinical-grade, device-agnostic, API-accessible ECG analytics.
AccurKardia
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Aledade Raises $260M to Expand Services for Network of Primary Care Practices
What You Should Know:
Aledade, a Bethesda, MD-based network of independent primary care practices raises $260M in a Series F funding round led by new investor Lightspeed Venture Partners, with participation from Venrock, Avidity Partners, OMERS Growth Equity, and Fidelity Management & Research Company.The new funding will be used to further accelerate the growth of Aledade’s primary care network and strategic alliances with national and regional health plans while continuing to
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DexCare Raises $75M to Accelerate Care Access Platform
What You Should Know:
DexCare, Inc., a Seattle-based patient demand and care access platform raises $75M in Series C funding led by ICONIQ Growth with participation from existing partners Transformation Capital, Kaiser Permanente Ventures, and others. The funding will advance DexCare’s platform, which extends limited health-system capacity to serve patients faster and to precisely manage the supply and demand of digital-care access. The new funding brings the total raised to
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Outbound AI Raises $16M for AI-Powered Virtual Agents
What You Should Know:
Outbound AI, a Seattle-based conversational AI platform for healthcare announced it has raised $16M in seed funding co-led by Seattle-based Madrona Venture Group and SpringRock Ventures.Founded in 2021, Outbound AI is breaking new ground with cloud technologies that serve as workforce multipliers to drive productivity while improving the daily job experience for human talent. The company’s inaugural offering includes a portfolio of AI-powered virtual agents
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