What You Should Know:
- Exscientia, leading AI drug discovery company, today announced that it completed its $100 million Series C financing round, with a further $30 million investment from Blackrock.
- This new capital, which will be used to support Exscientia's platform development and proprietary pipeline, follows Exscientia’s demonstrated high growth, having announced earlier this year that the first ever precision engineered drug designed using AI had entered Phase I human clinical
Read More
Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
CorVista Health Nabs $65M for Non-Invasive Cardiac Diagnostic Platform
What You Should Know:
- CorVista Health, a Toronto-based digital health company dedicated to improving cardiovascular disease diagnosis, announced it has closed a $65 million Series C financing, bringing the total funding to nearly $100 million.
- This significant capital provides a runway for ongoing research, development and commercialization efforts for CorVista® System, the company’s non-invasive, point-of-care solution that allows physicians to rapidly test for heart disease.
- The
Read More
Canadian Online Pharmacy PocketPills Nabs $30M to Fuel Same Day Delivery Nationwide
What You Should Know:
-PocketPills, Canada’s largest and fastest-growing online pharmacy, announced it has raised $30M in Series B funding, led by TELUS Ventures. The investment will be used to broaden PocketPills’ product offering and further accelerate its national expansion, with facilities opening in Quebec and Alberta that will help achieve its goal of nationwide same-day delivery.
- PocketPills is a technology-first online pharmacy, and its research and development team of 30
Read More
DispatchHealth Reaches $1.7B Valuation, Raises $200M for In-Home Care Model
What You Should Know:
- DispatchHealth has secured an additional $200 million in a Series D round of funding led by Tiger Global. The additional financing brings DispatchHealth into the “unicorn” category and solidifies its valuation at more than $1.7 billion.
- DispatchHealth’s new round of financing will allow the company to bring it’s model of in-home medical care to more than 100 markets across the country
Read More
Cipher Skin Lands $5M for Mesh Network of Sensors to Capture Movement
What You Should Know:
- Denver-based data startup, Cipher Skin, today announced its $5 million Series A, led by the Boyett Group with participation from Draper Capital, Tribe Capital and TKC Capital to grow its product line and expand into new markets.
- Founded in 2017, Cipher Skin’s first-of-its-kind, patented, sensor technology, Cipher Mesh, wraps around patients’ body parts—allowing doctors, PTs, and human performance professionals to collect detailed data of the body in motion
Read More
Health Gorilla Nabs $15M to Expand FHIR-based APIs for Digital Health
What You Should Know:
- Health Gorilla raises $15M to scale its FHIR-based API solutions for digital health and expand into new markets.
- Health Gorilla will introduce new APIs to enable consumer access to medical records, payer-to-payer data sharing, and data quality assessments.
Health Gorilla, a Sunnyvale, CA-based provider of healthcare APIs, today announced it has raised $15 million in Series B financing co-led by IA Capital and Nationwide, with participation
Read More
Life Sciences Firm OrbiMed Raises $3.5B Across Private Investment Funds
What You Should Know:
Life sciences investment firm OrbiMed announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III.
The three new funds include a broad range of medical institutions, university endowments, foundations, pension funds and sovereign wealth funds.
- OrbiMed Private Investments
Read More
Innovaccer Reaches $1.3B Valuation, Launches Health Cloud Platform
What You Should Know:
- Innovaccer closes Series D round of growth capital bringing Innovaccer at a total valuation of $1.3 billion.
- In addition, the company has launched the Innovaccer Health Cloud, a platform as a service that combines the company’s Data Activation Platform and application suite with an extensive set of platform services and tools that allow customers and partners to easily develop interoperable applications that improve patient outcomes and lower
Read More
Canadian-Based EMR MEDFAR Raises $25M to Expand Into North America
What You Should Know:
- MEDFAR Clinical Solutions, a Montreal-based Electronic Medical Record (EMR) provider in Canada, announced today a minority investment of nearly $25 million led by Walter Capital Partners.
- MEDFAR’s cloud-based EMR solutions, MYLE and PLEXIA, are built with physicians in mind. MEDFAR R&D is performed in partnership with doctors and healthcare administration and is driven by our clients' needs.
- The MYLE EMR, tailored to general practitioners,
Read More
Seed Health Acquires Auggi’s Stool Recognition AI Tech & Algorithms
What You Should Know:
- Seed Healthv, a microbial sciences company, announced the acquisition of Auggi, a digital health company with a suite of artificial intelligence and machine learning technologies to track and analyze digestive health.
- As part of the acquisition, Seed Health will acquire Auggi's technology assets, including its AI algorithm for real-time Bristol stool typing, the world's largest stool image database, and a mobile monitoring application for clinical research.
-
Read More
