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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant

Accenture Invests in 1910 Genetics to Accelerate AI-Powered Drug Discovery

by Fred Pennic 10/31/2024 Leave a Comment

Accenture Invests in 1910 Genetics to Accelerate AI-Powered Drug Discovery

What You Should Know:  - Accenture has made a strategic investment, through Accenture Ventures, in 1910 Genetics, a biotechnology company revolutionizing drug discovery with its AI-powered platform. Terms of the investment were not disclosed. - The strategic collaboration will combine Accenture's expertise in scaling AI solutions with 1910 Genetics' innovative technology to help biopharmaceutical companies accelerate drug development, reduce costs, and deliver more effective therapies
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Guardion Secures $6M to Advance Hospital Bed Hygeine and Patient Safety

by Syed Hamza Sohail 10/31/2024 Leave a Comment

Guardion Secures $6M to Advance Hospital Bed Hygiene and Patient Safety

What You Should Know: - Trinity Guardion, a leader in hospital bed hygiene solutions, has successfully raised $6 million, including $3.5 million in a Series B funding round. - This investment will accelerate the production and commercialization of the innovative Soteria® Bed Barrier System. Trinity Guardion’s Soteria Bed Barrier: Advancing Infection Control in Hospital Environments Founded in 2010 and headquartered in Batesville, Indiana, Trinity Guardion specializes in FDA-cleared,
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Innoventric Secures $28.5M to Expand Transcatheter Tricuspid Valve Treatment

by Syed Hamza Sohail 10/30/2024 Leave a Comment

Innoventric Secures $28.5M to Expand Transcatheter Tricuspid Valve Treatment

What You Should Know: -  Innoventric, a leader in transcatheter tricuspid regurgitation (TR) treatment, today announced a $28.5 million Series B funding round to advance its revolutionary cross-caval technology, bringing the total funds raised since inception to $41 million. -  Innoventric has already successfully completed a first-in-human clinical trial in Europe, and performed many additional implantations -- treating over 40 participants so far. Recently, the company received FDA
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Vara Raises $8.9M to Expand AI-Powered Breast Cancer Screening Globally

by Jasmine Pennic 10/29/2024 Leave a Comment

Vara Raises $8.9M to Expand AI-Powered Breast Cancer Screening Globally

What You Should Know:  - Vara, a Berlin, Germany-based provider of AI-enabled breast cancer detection, has announced the successful closure of a $8.9M (€8M EUR) Series B funding round.  - This investment, co-led by Smart Family Office, FJH, and IBB Ventures, will fuel Vara's continued expansion and its mission to revolutionize breast cancer screening through artificial intelligence. Transforming Breast Cancer Screening with AI Vara's AI-powered software has been shown to
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Backed by Visa, Osigu Secures $25M to Modernize Healthcare Payments Across Latin America

by Fred Pennic 10/25/2024 Leave a Comment

Backed by Visa, Osigu Secures $25M to Modernize Healthcare Payments Across Latin America

What You Should Know:  - Osigu, an AI-powered platform for healthcare claims and revenue management in Latin America and the Caribbean, has raised $25 million in Series B funding led by IDC Ventures, with strategic participation from Visa.  - Visa's strategic investment and partnership will drive the development of real-time payment solutions for healthcare providers. Addressing Healthcare Payment Inefficiencies The healthcare sector in Latin America and the Caribbean faces
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General Catalyst Raises $8B w/ $750M for Health Assurance Fund

by Fred Pennic 10/24/2024 Leave a Comment

General Catalyst Raises $8B w/ $750M for Health Assurance Fund

What You Should Know:  - General Catalyst (GC), a global venture capital firm, has announced a significant milestone with the raise of $8B in new capital consisting of $6B for GC’s latest fund - Fund XII - and $2B in separately managed accounts).. - The substantial investment will accelerate GC's mission to advance health assurance and drive transformative innovations across various sectors, including AI, healthcare, and global resilience. $750M Allocated to Health Assurance
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PeopleOne Health Raises $32.3M to Reimagine Value-Based Primary Care

by Fred Pennic 10/24/2024 Leave a Comment

PeopleOne Health Raises $32.3M to Reimagine Value-Based Primary Care

What You Should Know:  - PeopleOne Health, a pioneer in value-based primary care, has secured up to $32.3M in Series B funding led by GV (Google Ventures), with participation from notable investors including healthcare entrepreneur Glen Tullman.  - The funding will accelerate PeopleOne Health's mission to transform primary care by providing a comprehensive, patient-centric, and cost-effective health benefit. Addressing the Healthcare Crisis As healthcare costs continue to
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Counsel Health Launches with $11M to Deliver Physician-Led, AI-Powered Medical Advice

by Syed Hamza Sohail 10/24/2024 Leave a Comment

Counsel Health Launches with $11M to Deliver Physician-Led, AI-Powered Medical Advice

What You Should Know: - Counsel Health announces $11M in Seed funding led by Andreessen Horowitz (a16z) Bio + Health, with participation from Asymmetric Capital Partners, Floodgate Fund and Pear VC. - The funding will support Counsel's national expansion and coverage extension to millions more members. Counsel: Revolutionizing Access to Healthcare Through Asynchronous Medicine The U.S. healthcare system faces a significant access-to-care crisis, with 60 million Americans experiencing
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mPATH Health Secures $3M to Enhance Cancer Screening and Equity

by Syed Hamza Sohail 10/24/2024 Leave a Comment

mPATH Health Secures $3M to Enhance Cancer Screening and Health Equity

What You Should Know: - mPATH® Health, a digital health company dedicated to improving cancer screening, is thrilled to announce the successful closure of $3 million in funding, which will accelerate the company's mission to enhance cancer prevention and improve health equity. - This funding includes a $2 million Small Business Technology Grant from the National Cancer Institute (NCI) and a $1 million equity investment led by Oncology Ventures, an oncology-focused venture capital
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Archy Raises $15M to Optimize Dental Practices with AI-Powered Automation

by Syed Hamza Sohail 10/23/2024 Leave a Comment

rchy Raises $15M to Optimize Dental Practices with AI-Powered Automation

What You Should Know: -Archy, a pioneer of cloud-based automation software for dental practices, today announced it has raised $15M Series A funding in a round led by Entrée Capital with participation from Bessemer Venture Partners, CRV, Alven, 20VC Growth fund and several angel investors and dental professionals. -The investment will advance further development of the Archy product, embedding AI across various areas to make dental practices more efficient and allowing dental teams to
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