What You Should Know: Cytovale®, a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases, today announced it has raised $84 million in Series C funding led by Norwest Venture Partners with participation by additional new investors Sands Capital and Global Health Investment Corporation (GHIC).The financing included participation from other new and existing investors, as well as the conversion of
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Teen Mental Health Startup BeMe Health Raises $1.5M From BCBS Kansas
What You Should Know: BeMe Health (BeMe), creator of an interventional behavioral health platform built by and for teens, has announced a $1.5 million funding investment from Blue Cross and Blue Shield of Kansas (BCBSKS). This investment and strategic partnership will extend mental health support to an estimated 20,000 teenagers across Kansas, addressing a critical need as suicide is now the second-leading cause of death among those aged 15 to 24 in the U.S. Increasing
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MIT Spun Out Layer Health Launches with $4M to Build the AI Layer for Healthcare
What You Should Know: - Layer Health, a healthcare AI company spun out of MIT, has been launched with $4M in funding from investors such as GV (Google Ventures), General Catalyst, and Inception Health. - The company is focused on solving the information problem in healthcare by using AI to quickly perform any clinical, administrative, or research task that requires chart review from unstructured data. Building the AI layer for healthcare — powered by large language models. Layer
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Elucid Raises $80M to Drive Commercialization of AI-powered Cardiovascular Diagnostic Tools
What You Should Know: - Elucid, a medical technology company providing AI-powered imaging analysis software to assess cardiovascular disease, has raised $80M in Series C funding led by Elevage Medical Technologies, with additional participation from industry strategics and existing investors. - This funding will enable Elucid to expand its commercialization efforts, providing physicians and patients with AI-powered imaging analysis software to assess and combat cardiovascular
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Forum Launches with $5M for Virtual Peer Support Groups to Help People Navigate Life’s Challenges
What You Should Know: - Forum, a peer support group marketplace, has officially launched with $5.3M in funding from a seed round led by NextView Ventures and featuring participation from MBX Capital, Cue Ball Capital, Sahil Bloom of SRB Ventures, Romeen Sheth, Shaan Puri and City Light Capital.. - Forum connects mission-driven facilitators with individuals seeking support for various life challenges. Virtual Support Group Marketplace Forum The platform offers a range of support
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Eleos Health Secures $40M for AI-Powered Behavioral Health
What You Should Know: - Eleos Health, a leader in AI for behavioral health, has secured $40M in a Series B funding round. Menlo Ventures led the funding round, with participation from F-Prime Capital, Eight Roads, Arkin Digital Health, SamsungNEXT, ION, aMoon, and lool ventures. This brings Eleos Health's total funding to $68M. - The funding will accelerate Eleos Health's product development, hiring efforts, reach, and strategic partnership development. CareOps Automation for Behavioral
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Kythera Labs Raises $20M for Wayfinder Data Technology Platform
What You Should Know: - Kythera Labs, a healthcare technology and data analytics company, has secured $20M in Series A funding and debt financing from BIP Ventures and CIBC. - The funding will support the growth and scaling of Wayfinder, Kythera's data-transforming technology platform, and the development and adoption of new and existing offerings. It will also be used to expand partnerships with industry leaders such as Datavant and Databricks. WayFinder Data Technology Kythera Labs
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Covera Health Secures Up to $50M to Revolutionize Radiology Nationwide
What You Should Know: - Covera Health, an AI-enabled diagnostic technology company, has announced securing up to $50M in additional Series C funding. This substantial funding aims to support their mission of reshaping the role of radiology on a national scale. - The company's platform employs advanced data analytics and AI to enhance the quality and efficiency of radiology services. Their innovative approach focuses on improving radiology outcomes while reducing costs and unnecessary
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AdaptX Secures $10M for AI-Powered, Self-Serve Clinical Management
What You Should Know: - AdaptX, a self-serve clinical management solution company raises $10M in funding led by Cercano Management and included participation from notable entities, such as Memorial Hermann Health System, Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital. The company's focus is on using AI-driven technology to enable clinical leaders to make data-informed decisions and optimize patient care processes with a positive
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Rymedi Raises $9M for Blockchain-Secured Data Platform
What You Should Know: Rymedi, a healthcare data exchange platform with advanced blockchain security, has announced a Series A totaling $9 million with plans to expand the reach of their platform.The round was co-led by RW3 Ventures and White Star Capital with participation from Blockchange Ventures, Avalanche’s Blizzard Fund, and strategic angel investors from the healthcare industry. Rymedi, which serves over 1 million patients in over 1,200
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