What You Should Know:
- SymphonyRM, a Palo Alto-based health IT company announced today that it has raised $25M in Series B funding. The round is led by new investment partner TT Capital Partners (TTCP) with continued investment from Adams Street Partners (Adams Street). The latest round of funding brings SymphonyRM total raised to date at $35M.
- SymphonyRM is helping health systems transform how they acquire, engage, and retain patients by creating an engagement model rivaling the
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Cue Health Raises $235M to Scale Connected, Molecular Diagnostic System
What You Should Know:
- Cue Health Inc., a health technology company, today announced the closing of a $235 million private financing round. The investment includes participation from new investors Perceptive Advisors, MSD Capital, and Koch Strategic Platforms, a subsidiary of Koch Industries, existing investors Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Decheng Capital, CAVU Ventures, ACME Capital, and others.
- In March, the FDA granted Emergency Use Authorization for
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Perceptive Advisors Closes $515M Early-Stage Biotech Fund
What You Should Know:
- Perceptive Advisors and biotech accelerator Xontogeny, focused on seed investment, incubation and collaboration, have raised their second venture capital fund, the Perceptive Xontogeny Ventures Fund II (PXV Fund II), totaling an over-subscribed $515 million. This more than triples Assets Under Management to more than $700M in less than two years.
- The
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Axtria Secures $150M for AI-Enabled Platform for Life Sciences
What You Should Know:
- Bain Capital Tech Opportunities has announced a $150 million growth investment in Axtria, a global cloud software and data analytics provider that helps life sciences businesses bring therapeutics to market faster – which will help Axtria to consolidate its strong position in cloud software and artificial intelligence by rapidly expanding its suite of life sciences-focused SaaS platforms.
- With the life sciences and healthcare
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Redesign Health Spinout Jasper Health Launches AI-Driven Cancer Care Platform
What You Should Know:
- Jasper Health launched today as the first end-to-end care experience that navigates, connects, and provides actionable insights throughout the cancer journey for individuals with cancer, their caregivers, and providers.
- Jasper combines an easy-to-navigate user interface with leading oncology support to help guide Jasper Members and caregivers through the myriad of challenges that arise post-diagnosis. United by a team of digital health experts, specialized
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DrFirst Raises $50M in Follow-On Equity Investment, Totals $135M
What You Should Know:
- DrFirst, a provider of e-prescribing, price transparency, and medication management solutions, announced today the closing of a $50 million equity investment from Sixth Street Growth, a leading global investment firm. Following Sixth Street’s previous $35 million investment and another $50 million from Goldman Sachs Growth, both in 2020, DrFirst’s investment total over the past year is now $135 million.
- The company’s solution is used by nearly 300,000 healthcare
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UltraSight Raises $13M to Bring AI-Guided Cardiac Ultrasound to Point of Care
What You Should Know:
- UltraSight, an Israeli based digital health company focused on transforming cardiac sonography through the power of machine learning, announced today that it has closed a $13 million Series B funding round.
- Cardiac sonography is a skill that takes years to develop. It requires daily practice to achieve a high level of proficiency, resulting in a shortage of highly specialized professionals. UltraSight offers clinicians, with no prior sonography training, the
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Memora Health Raises $10.5M for Virtual Care Delivery Platform, Backed by Andreessen Horowitz
- Memora Health, a San Francisco, CA-based virtual care delivery platform led by 24-year-old Manav Sevak announced a $10.5M round of funding led by Andreessen Horowitz. Additional investors including AlleyCorp, Martin Ventures, Kevin Durant and Rich Kleiman's Thirty Five Ventures, Sachin Jain, Operator Partners, Edward Elmhurst Health, B Capital, and Aaron Szekel also participated.
- Manav was inspired to start the company as a pre-med student following doctors
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Florence Raises $80M to Expand Connectivity Platform for Clinical Trials
What You Should Know:
- Florence, a site connectivity platform in clinical trials, today announced the close of a $80 million Series C funding round led by Insight Partners, a global venture capital and private equity firm focused on investing in ScaleUp software companies. Existing investors Fulcrum Equity Partners, Bee Partners, and Flashpoint also joined this round.
- Based in Atlanta, GA, Florence is a global leader in remote connectivity and electronic document workflow management for
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