What You Should Know
Tel Aviv-based AI clinical simulation platform QuantHealth closed a $45 million Series B financing round led by Qumra Capital.The round saw participation from major strategic and venture investors, including Sanofi Ventures, Pitango HealthTech, Bertelsmann Healthcare Investments (BHI), Artofin, GC Ventures, NewHealth, Shoni Top, and Esplanade Ventures.Proceeds will advance next-generation AI models, deepen scientific validation, expand therapeutic coverage beyond 40
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Epitel Closes $26M to Commercialize REMI Remote EEG Platform
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Salt Lake City-based digital health innovator Epitel, Inc. closed a $26M Series B funding round co-led by Catalyst Health Ventures and Genoa Ventures.The Series B financing supports the nationwide commercial footprint expansion of Epitel’s REMI® Remote EEG Monitoring System and REMI Vigilenz™ AI For Event Detection.Out of 9.2 million Americans experiencing seizures annually, 40% lack basic EEG access—largely because only 27% of U.S. hospitals possess native EEG diagnostic
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Inocras Closes $31M for Whole-Genome Bioinformatics Platform
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San Diego-based bioinformatics company Inocras Inc. closed an oversubscribed $31M Series B-3 financing round, bringing its total capital raised to approximately $100M.The funding round was supported by strategic investors NDS Corporation and Aimed Bio Inc., alongside new investors IMM Investment, Korea Investment & Securities, LoftyRock Investment, DT& Investment, Woori Investment & Securities, and Shinhan Securities.Proceeds will fund the U.S. expansion of
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Beyond Annual Physicals: Function Secures $450M Growth Financing from General Catalyst
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Consumer health platform Function Health secured $450M in non-dilutive growth financing from General Catalyst’s Customer Value Fund (CVF).The mega-round comes just eight months after Function’s $298M Series B, accelerating its goal of scaling direct-to-consumer lab testing, full-body imaging, and personalized AI analytics.The injection follows two major Q2 expansion acquisitions: Getlabs (a nationwide mobile blood draw network) and SuppCo (a dietary supplement tracking
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CB Insights Q2 2026 State of Digital Health Report: Fewest Deals in Over a Decade as Median Sizes Rise
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The latest CB Insights report, Q2 2026 State of Digital Health reveals global digital health deal activity reached a decade-low of 228 deals in Q2 2026, marking a 36% decline quarter-over-quarter and a two-thirds drop from the Q2 2022 peak of 688 deals. Total equity funding fell 24% quarter-over-quarter to $5.7 billion, with capital concentration escalating as a small handful of mega-rounds anchored overall venture volume.Isomorphic Labs’ $2.1B Series B
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SoundHealth Raises $12.25M to Expand Non-Invasive Medical Wearables
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Medical technology firm SoundHealth has closed an oversubscribed Series A round led by Shangbay Capital, bringing its total venture funding to $12.25M.Flagship FDA-cleared wearable device, Sonu, has delivered over 500,000 acoustic resonance treatment sessions for patients ages 12+, becoming a leading non-drug alternative to corticosteroid nasal sprays for allergic and non-allergic rhinitis.Leverages smartphone facial scanning algorithms to construct custom digital sinus
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Procode Secures $10M to Scale AI-Powered Surgical Revenue Cycle Management
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AI-powered medical billing firm Procode Inc. announced a $10M Series A funding round led by Health Velocity Capital, bringing total venture funding to $14M.Funds two upcoming acquisitions of private practice billing agencies, mirroring its rollout following the acquisition of The Auctus Group (serving over 350 plastic surgery and dermatology providers).Combines Procode (automated CPT/ICD coding copilot), Procollect (billing team OS for AR acceleration), and the Auctus
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Oxford Spinout Mirae Secures $5.4M to Scale AI Chronic Care Platform
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AI-driven continuous care platform Mirae has officially launched with $5.4M in funding led by Oxford Science Enterprises (OSE).Built directly on computational health research from the University of Oxford’s Computational Health Informatics Lab, co-founded by Dr. David Clifton and CEO Anuj Patel.Targets inflammatory bowel disease (IBD)—a complex autoimmune condition characterized by unpredictable flare-ups, variable treatment responses, and high annual medical
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Flourish Health Raises $26M to Expand In-Home High-Acuity Pediatric Mental Health
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High-acuity pediatric mental health provider Flourish Health announced a $26M Series A funding round led by B Capital, F-Prime, and Cherryrock Capital, bringing total capital raised to $46M.Health plan studies show Flourish’s in-home care model achieves a 70%–96% decrease in hospitalizations, a 69%–90% reduction in residential stays, and an 80%–95% sustained reduction in higher levels of post-discharge care.Multidisciplinary care teams unite a child and adolescent
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Candid Health Secures $120M to Expand Autonomous Revenue Cycle Management Platform
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Autonomous revenue cycle management (RCM) platform Candid Health has raised $120 million in Series D funding led by Sixth Street Growth, with participation from Oak HC/FT, 8VC and
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