What You Should Know:
- Parexel acquires healthcare software company Roam
Analytics, Inc. to strengthen and enhance Parexel’s pharmacovigilance (PV)
services.
- The acquisition provides significant opportunities to
apply Roam Analytics’ natural language processing (NLP) technology to further
streamline and extract insights from unstructured data.
- Parexel will also use Roam’s AI technology to leverage
various data, from clinical notes, medical images, patient surveys,
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Healthcare VC Firm Longitude Capital Closes $585M Fund
What You Should Know:
- Healthcare venture capital firm Longitude Capital announces the close of its $585M Longitude Venture Partners IV, L.P. (“LVP4”) fund to invest in transformative healthcare companies.
- LVP4 will invest opportunistically across all stages of
a company’s development through a variety of approaches that include
traditional venture capital investing and special situations such as spin-outs,
equity-linked transactions, and private investments in public
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Beyond Limits Nabs $133M to Drive Global Expansion of AI Technology
What You Should Know:
- Beyond Limits, an AI provider that uniquely uses 45
technologies developed at Caltech and NASA’s Jet Propulsion Lab to provide
business intelligence for healthcare raises $133M in funding.
- Beyond Limits’ AI predictive model is helping
healthcare professionals fight against COVID-19 including determining the
percentage of patients that may need ventilators and ECMO in the ICU and
dialysis units.
Beyond Limits, an LA-based industrial and enterprise-grade AI
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Backed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform
What You Should Know:
- Osso VR raises $14M in Series A funding led by Kaiser
Permanente Ventures (KPV) to expand its virtual reality (VR) surgical training
platform.
- Using immersive VR technology, Osso VR’s scalable platform offers a realistic, hands-on training environment that leads to real-world performance gains and ultimately improved patient outcomes.
Osso VR, a Palo Alto, CA-based validated Virtual Reality (VR) surgical training platform, today announced it has raised $14M
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Olive Raises Another $106M for AI-Powered Digital Employee Platform
What You Should Know:
- The company that built healthcare’s first digital employee, Olive, today announced an additional $106M in financing in a round led by General Catalyst and Drive Capital.
- Hospitals were implementing an AI workforce to manage
administrative tasks before the pandemic started, and recent events have kicked
adoption into overdrive.
- Olive’s quick growth is a testament to hospitals’
urgent need for administrative efficiency as they navigate the public
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Ready Raises $54M to Become The Uber of On-Demand Healthcare Services
What You Should Know:
- Ready, a company described as the “Uber” of on-demand health
service, just raised $54 million in its Series C funding round.
- Ready’s on-demand care model is evolving the healthcare
industry with customer service and mobility, just like Uber did for ride
sharing and Postmates for food delivery.
Ready, an New Orleans,
LA-based on-demand healthcare service, today announced that it closed $54
million of new funding to finance the expansion of its operations and
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Medigate Raises $30M for Medical & IoT Device Security Solution
What You Should Know:
- Medigate announced $30M in Series B financing to expand its medical and IoT device security solution to ensure patient privacy and safety.
- Medigate fuses the knowledge and understanding of
medical workflow and device identity and protocols with the reality of today’s
cybersecurity threats. With Medigate, hospital networks can safely operate all
medical devices on their network, enabling deployment of existing and new
devices to patients while ensuring privacy and
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LexaGene Raises $13.29M to Launch Automated Genetic Analyzer Device
What You Should Know:
- LexaGene's closes CAD$13 million funding round as it
prepares to launch its gold standard diagnostic device called MiQLab that
applies a proprietary RT-qPCR-based method to analyze each sample's contents
for up to 27 different pathogens in approximately one hour.
- MiQLab is uniquely open-access, which allows users to
customize their tests and create new tests easily. In the case where a new test
was needed because of a mutation, the open-access feature allows new
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Canadian Telehealth Startup OnCall Health Lands $6M for Virtual Care Platform
What You Should Know:
- OnCall Health Raises $6M Series A to Enable Virtual
Care Programs for Healthcare Brands
- Funding will be used by OnCall Health to expand its
reach and build out its software that enables healthcare brands, systems, and
startups to launch and scale their telehealth operations.
- OnCall enables healthcare enterprises to rapidly launch
their own virtual care platform that is highly configurable to their brand and
workflow.
OnCall Health, a
Toronto, CA-based
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Lifespeak Lands $42M for Digital Mental Health and Wellness Platform
What You Should Know:
- Toronto-based digital mental health and wellness
platform, LifeSpeak raises $42M CAD in minority equity investment to accelerate
its global growth trajectory.
- The platform, offered remotely to employees and health plan members, covers topics such as preventative health, mental health (including depression, anxiety, addiction, isolation, suicide, etc.), marital and relationship advice, parenting, and eldercare.
LifeSpeak Inc., a Toronto, ON-based
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