- Karuna Labs raises $3M in seed funding to expand personalized chronic pain management programs using virtual reality (VR) technology to retrain the brain.
- Karuna Labs uses Karuna uses evidence-based techniques to retrain the brain to perceive movement as non-threatening.
- Karuna Pro is now available in clinics, while Karuna Home is available as direct-to-patient for home use.
Today, Karuna Labs, the San Francisco, CA-based creator of personalized chronic pain management
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Prudential Financial Acquires Insurtech Startup Assurance IQ, for $2.35B
- Prudential Financial acquires insurtech startup Assurance IQ for a total upfront consideration of $2.35 billion, plus an additional earnout of up to $1.15 billion in cash and equity.
- Assurance will become a wholly-owned subsidiary of Prudential under the U.S. Businesses division.
- Assurance will add a large and rapidly growing direct-to-consumer channel to Prudential’s financial wellness businesses, significantly expanding the total addressable market of both
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Microsoft, Astrazeneca Launches AI Factory for Health Accelerator in Europe
- Microsoft and AstraZeneca are joining forces to launch the AI Factory for Health, a European accelerator for AI-focused digital health startups.
- The 3-month accelerator program is for startups that offer an innovative health solution based on artificial intelligence technology for patients or health professionals
- Created by Microsoft in partnership with the Inria laboratory, the AI Factory unites a community of startups dedicated to the development of innovative solutions based
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BrightInsight Nabs $25M for Regulated IoT Platform for Biopharma and Medtech
- BrightInsight raises $25M in Series A funding co-led by New Leaf Venture Partners and Eclipse Ventures to further enhance the functionality of its BrightInsight Platform and accelerate global commercialization efforts.
- BrightInsight platform enables regulated drugs, devices and SaMDs to ingest and analyze data and deploy regulated recommendations and insights back to patients and providers
BrightInsight, San Jose, CA-based global regulated digital health platform for biopharma and
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OptimizeRx Acquires Digital Therapeutics Platform RMDY Health for $16M
- OptimizeRX acquires RMDY Health, a multipurpose digital therapeutics SaaS platform, for $16 million in cash and equity.
- Acquisition will enhance OptimizeRx existing digital platform with technology solutions tailored for digital therapeutics and extends offerings to SaaS-based patient engagement markets.
- RMDY will maintain its technology team in Tel Aviv, Israel, and U.S. based personnel and use the OptimizeRx New Jersey HQ.
OptimizeRx announced it will acquire RMDY
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4th Annual Accenture HealthTech Innovation Challenge Kicks Off
Quick Glance- Accenture kicks off the application period for the fourth annual Accenture HealthTech Innovation Challenge- Challenge seeks to support innovative approaches and solutions for improving the way people access, manage and finance healthcare in North America- Three categories for this year’s Accenture HealthTech Innovation Challenge are operational efficiency, increased access, and consumer experienceAccenture, today kicked off the application period for the fourth annual
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The Drought is Over: It’s Raining Health IT IPOs
Three venture-backed health IT companies completed IPOs in July, ending an almost three-year drought of health IT IPOs. Share prices soared following each IPO, indicative of the enthusiastic response and a desire to see more health IT companies make their way toward public debuts. Composition of revenue, gross margin, and growth are key differentiators between these and all companies and key drivers of valuation. Given the enthusiastic shareholder response to these listings, we
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PeerWell Lands $6.5M to Commercialize its Worker’s Comp Musculoskeletal Surgery Optimization Platform
Today PeerWell, a San Francisco, CA-based PreHab company helping patients prepare physically and mentally for orthopedic surgery and recover faster has raised $6.5M in Series A funding led by OMERS Ventures with participation from investors Emmett Shear (Co-Founder CEO of Twitch) and Travis May (CEO of Datavant).
Existing investors include XSeed Capital and angel investors
Auren Hoffman (CEO SafeGraph, Co-founder of LiveRamp), Kevin Lin (COO of
Twitch), Michael Seibel (CEO of Y Combinator),
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Patient Engagement Platform Luma Health Nabs $16M to Optimize Patient Experience
Luma Health Patient Engagement Platform enables healthcare providers and health systems to maximize patient outcomes across the entire patient journey.Luma Health, a patient engagement platform, today announced $16 million in Series B equity funding, bringing total equity funding to $25.7 million. Led by PeakSpan Capital and with strategic investments from Cisco Investments, the Texas Medical Center, and continued investment from U.S. Venture Partners, Luma Health will use this round of funding
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Digital Medical Tech Raises $1.5M for Hospital Management & Asset Tracking
Digital Medical Tech
(DMT), an Annapolis, MD-based solution provider for hospital management and
asset tracking, recently raised $1.5 million in seed capital led by DMTI
Capital Partners, LLC. The company plans to use the funding to launch a
nationwide engagement program for targeting healthcare providers and potential
partnerships.
Solutions for Hospital Management & Asset Tracking
Founded in 2016 by CEO Matthew Nicholson, Digital Medical Tech’s enables health systems to proactively
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