twoXAR, Inc., an artificial intelligence (AI)-driven biopharmaceutical company, announced today that it has raised $10 million in Series A financing led by SoftBank Ventures including follow-on participation from seed investor Andreessen Horowitz. The biotech startup plans to use the funding to build the company’s drug pipeline through partnerships and accelerate preclinical development of existing candidates. Traditional drug discovery and development is estimated to take 10-15 years and
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Backed by Ashton Kutcher, Medinas Health Raises $1M for Data-driven Healthcare Marketplace
Medinas Health , a data-driven marketplace startup helping healthcare organizations safely and securely buy and sell their surplus and short-date medical supplies and equipment – announced today that it has raised $1M in its oversubscribed seed round. The round was co-led by Ashton Kutcher & Guy Oseary's Sound Ventures and General Catalyst’s Rough Draft Ventures, additional investors included: Precursor Ventures, Trammell Ventures and Angels.With the seed round closed, Medinas Health plans
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Medable Unveils Blockchain for Healthcare Platform to Enable Medical Data Exchange
Medable Inc., the leading app and analytics platform for healthcare, at SXSW HealthSpark announced INSIGHT, a blockchain powered platform that enables medical data exchange among patients, medical researchers, and biopharmaceutical companies.Since its launch in late 2016, Medable has seen rapid adoption of its platform with a customer base that cares for over 15 million patients and conducts over 6,000 clinical trials. Using mobile devices and 3rd party tools like Apple’s Researchkit, Medable
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PeriGen Unveils AI-Powered Fetal and Maternal Early Warning Solution
PeriGen, an innovator of perinatal early warning systems unveiled their new artificial intelligence powered fetal and maternal early warning solution, Periwatch at HIMSS18. PeriWatch™ Vigilance is a new early warning platform for obstetrics that automatically identifies patients whose conditions are worsening, facilitating more timely interventions.Vigilance augments currently installed fetal surveillance systems, providing a critical layer of patient safety without requiring a hospital to "rip
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Get Real Health Announce Winner of “Flip the Patient” Challenge
Personal Connected Health Alliance (PCHAlliance), a HIMSS organization, and WEGO Health, the world's largest network of patient leaders, today announced digital health startup Get Real Health as the winner of its first "Flip the Patient" Challenge. The award was announced in the PCHAlliance Connected Health Experience at the 2018 HIMSS Global Conference & Exhibition in Las Vegas. Get Real Health was chosen as the winner of the challenge by an independent committee comprised of select
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HIMSS18 Day 3 Coverage Highlights & Summary
Inovalon to Acquire ABILITY Network for $1.2BInovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models has acquired ABILITY Network (“ABILITY”) for $1.2 billion. The combination of Inovalon and ABILITY creates a vertically integrated cloud-based platform empowering the achievement of real-time, value-based care from payers, manufacturers, and diagnostics all the way to the patient’s point of
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Inovalon to Acquire ABILITY Network for $1.2B to Create Vertically Integrated Cloud-Based Platform
Inovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models has acquired ABILITY Network (“ABILITY”) for $1.2 billion. The combination of Inovalon and ABILITY creates a vertically integrated cloud-based platform empowering the achievement of real-time, value-based care from payers, manufacturers, and diagnostics all the way to the patient’s point of care.ABILITY is a leading cloud-based
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Atomwise Raises $45M for Artificial Intelligence Platform for Drug Discovery
Atomwise, a San Francisco, CA-based company that develops artificial intelligence systems for drug discovery has raised $45 million in Series A funding led by Monsanto Growth Ventures, B Capital Group and Data Collective. Prior investors Y Combinator, Khosla Ventures, and DFJ also participated in this Series A financing, along with new investors Baidu Ventures, Tencent, and Dolby Family Ventures. The oversubscribed round brings Atomwise’s total capital raised to more than $51 million.Founded in
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Health AI Startup Medial EarlySign Lands $30M for Personalized Disease Management
Medial EarlySign, an Israeli-based provider of machine-learning based solutions to improve patient management and non-communicable disease management has raised $30 million in Series B funding led by aMoon Fund. The latest round brings the startup’s total funding, to date, to $50 million.The funding will further the use of EarlySign’s AI solutions, which leverage basic electronic health records to identify individuals at high risk of harboring or developing life-threatening diseases, helping
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HIMSS Acquires Health Innovation Consulting Provider Healthbox
HIMSS has announced the acquisition of Healthbox, a Chicago-based healthcare innovation consulting firm and venture capital investment manager. For HIMSS, the acquisition of Healthbox adds health innovation consulting and fund management to its broader portfolio.Under terms of the agreement, Healthbox will continue to operate as a wholly-owned subsidiary of HIMSS. Financial details of the acquisition were not disclosed.Healthbox has evolved from a healthcare accelerator to an innovation
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