Babylon Health, a London-based digital health startup has raised $60 million in funding from undisclosed investors. The startup plans to utilize the funding round to scale its artificial intelligence capabilities for its chatbot that provides useful advice from real doctors, from anywhere. The chatbot uses machine-learning algorithms to analyze an individual’s health profile and suggest possible future illnesses.Founded in January 2013 and launched to the public in April 2014, babylon health
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
DocHalo Lands $11M to Expand Real-Time Clinical Communication Platform
DocHalo, a Cincinnati, OH-based provider of clinical communication has raised $11M in Series A funding led by Bain Capital Ventures with additional investment from Refinery Ventures. The company plans to utilize the funding to scale its clinical communication platform functionality and growth in the marketplace. The announcement marks the first time, the company has raised outside capital since its inception seven years ago.Founded by physicians who deeply understand communication in the
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Solv Raises $6.25M to Expand Same-Day Urgent Care Booking App
Solv, a San Francisco-based digital health startup has raised $6.25 million in Series A funding led by Benchmark Capital for its same-day urgent care booking app platform. The round included participation from Theresia Gouw of Aspect Ventures and Malay Gandhi of Ensemble Labs, formerly CEO of Rock Health. Solv plans to utilize the funding to open up its private beta to more patients and providers in Dallas Fort Worth, Texas, as well as expand to more cities and grow its team.Since launching its
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ZappRx Raises $25M for Specialty Pharmaceutical Management Platform
ZappRx, a Boston, MA-based provider of specialty pharmaceutical management platform has raised $25 million in Series B funding led by Qiming US Healthcare Fund. The round includes participation from SR One, who led ZappRx's Series A round in 2014, and GV (formerly Google Ventures). The company plans to utilize to expand its product's launch into this growing market in dire need of innovative IT solutions.Founded in 2012, ZappRx relieves administrative challenges for healthcare providers and
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Health IT VC Funding Reaches $1.6B for Q1 2017: 10 Trends to Know
Health IT VC funding reached $1.6 billion in 165 deals compared to $845 million in 154 deals in Q4 2016, almost doubled quarter-over-quarter (QoQ), according to the latest report from Mercom Capital Group. The report finds that VC funding in Q1 2017 was also up compared to Q1 2016 when nearly $1.4 billion was raised in 146 deals. Since 2010, VC funding in the Healthcare IT sector has now crossed $20 billion (2010 - Q1 2017).Here are ten key trends to know from the Mercom’s latest report:1. The
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Healthbox Launches Horizon Scan Platform to Help Healthcare Organizations Evaluate Digital Health Solutions
Healthbox, a Chicago-based healthcare innovation consulting firm and venture capital investment manager, announced the launch of their new platform Horizon Scan to help healthcare organizations optimize their digital health vendor sourcing process. For healthcare organizations, the new Horizon Scan platform will serve as a sourcing tool to successfully find and evaluate innovative digital health solutions.Many healthcare organizations are currently faced with tenuous profit margins and an
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Medidata to Acquire Mytrus to Transform Clinical Trial Patient Experience
Medidata, a provider of cloud-based solutions and data analytics for clinical research has agreed to acquire Mytrus, Incorporated, an e-clinical technology company specializing in patient-centered electronic informed consent (eConsent) and virtual trials. Financial terms of the acquisition were not disclosed.Medidata will integrate Enroll™, Mytrus’ eConsent solution, into the Medidata Clinical Cloud as part of its ongoing commitment to modernize clinical trials for patients, sites and sponsors.
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Why Data Block Is the Leading Cause of Death for Digital Health Startups
Editor's Note: Buff Colchagoff is the CEO of RosettaHealth, a cloud-based health messaging and exchange platform. Colchagoff has over 16 years of Health IT experience with large projects, including building the VA’s PHR MyHealtheVet, as operations manager for the Nationwide Health Information Exchange (NwHIN) which grew into the Sequoia Project, the Direct Project. Follow him on Twitter at @BuffColchagoffYou’re the leader of a digital health startup born in 2015, ready, willing, and eager to
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ClearDATA Raises $12M to Expand HIPAA Compliant Cloud
Managed cloud provider ClearDATA has raised $12 million in funding from investors Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners. The funding will be used to expand the company’s presence in the marketplace and for continued product innovation. The latest round bring the company's total funding to date at $55 million. “ClearDATA has achieved considerable revenue and customer growth
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SV Life Sciences Rebrands As SV Health Investors, Closes $400M Fund
Boston-based healthcare and life sciences venture capital and growth equity firm SV Life Sciences has changed its name to SV Health Investors and has closed its sixth flagship fund target of $400 million. SV Health Investors' venture partner program focuses on leveraging experienced healthcare entrepreneur to serve as hands-on advisors and directors for portfolio companies. This approach contributes to SV's appeal to both potential investors and entrepreneurs. The new multi-sector focus fund
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