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

Spring Health Raises $100M for Mental Health Platform, Reaching $3.3B Valuation

by Jasmine Pennic 08/02/2024 Leave a Comment

Spring Health Raises $100M for Mental Health Platform, Reaching $3.3B Valuation

What You Should Know:  - Spring Health, a mental healthcare platform raises $100M in Series E funding round, bringing its valuation to $3.3B. The round was led by Generation Investment Management, with participation from existing investors Kinnevik, William K Warren Foundation, RRE, and Northzone. - The new funding will enable Spring Health to expand its reach, enhance its technology platform, and deepen its commitment to delivering exceptional mental healthcare. The company plans to
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Outpace Bio Secures $144M for AI-Powered Cell Therapy Platform

by Fred Pennic 08/01/2024 Leave a Comment

Outpace Bio Secures $144M for AI-Powered Cell Therapy Platform

What You Should Know:  - Outpace Bio, a pioneering cell therapy company raises $144M in oversubscribed Series B financing round led by RA Capital Management with participation from both new and existing investors, including Qatar Investment Authority, Surveyor Capital, Sheatree Capital, Black Opal Ventures, Alexandria Venture Investments, and several others. Outpace has now raised a total of approximately $200M to date. - Jake Simson, Partner at RA Capital Management, will join
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ZOE Secures $15M to Expand US Market and Fight Ultra-Processed Food

by Jasmine Pennic 07/31/2024 Leave a Comment

ZOE Secures $15M to Expand US Market and Fight Ultra-Processed Food

What You Should Know:  - ZOE, a science and nutrition company raises $15M from Coefficient Capital to fuel its expansion in the US market.  - The funding will support ZOE’s mission to empower individuals to improve their health through personalized nutrition. Addressing the Ultra-Processed Food Crisis ZOE’s science-backed approach challenges the conventional wisdom around nutrition, emphasizing the detrimental impact of ultra-processed foods on long-term health. The
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CoachCare Secures $48M to Expand Remote Patient Monitoring Platform

by Fred Pennic 07/26/2024 Leave a Comment

CoachCare Secures $48M to Expand Remote Patient Monitoring Platform

What You Should Know:  - CoachCare, a provider of remote patient monitoring (RPM) and virtual care management solutions raises $48M in strategic growth investment led by Integrity Growth Partners (IGP). The funding will fuel the company’s expansion and enhance its platform to meet the growing demand for remote care solutions. Addressing the Rise of Chronic Disease The increasing prevalence of chronic conditions such as obesity, hypertension, and diabetes has placed a significant
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UMPC, TGH Invests in Medicom’s Enterprise Imaging Interoperability Platform

by Fred Pennic 07/26/2024 Leave a Comment

UMPC, TGH Invests in Medicom’s Enterprise Imaging Interoperability Platform

What You Should Know:  - Medicom, a health tech company specializing in enterprise imaging interoperability, announced the successful completion of an oversubscribed strategic financing round. The funding round saw significant participation from healthcare industry leaders, including UPMC Enterprises and Tampa General Hospital Ventures along with expanded participation from existing investors Cone Health Ventures, Oval Park Capital and Grayhawk Capital, as well as local Triangle venture
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Dental AI Company Pearl Raises $58M to Expand FDA-Cleared Dental Solutions

by Fred Pennic 07/24/2024 Leave a Comment

Dental AI Company Pearl Raises $58M to Expand FDA-Cleared Dental Solutions

What You Should Know:  - Pearl, the undisputed leader in dental artificial intelligence (AI) raises $58M in Series B funding led by Left Lane Capital with participation from key players like Craft Ventures and Neotribe Ventures. ​​- This funding marks the largest investment ever in dental AI. With this significant investment, Pearl is poised to empower dental professionals to continually elevate the standard of care.  Revolutionizing Diagnostics: AI Assists Dentists for Better
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Clarapath Secures $36M to Automate Pathology Labs with AI-Powered Robotics

by Fred Pennic 07/24/2024 Leave a Comment

Clarapath and Mayo Clinic Modernize Pathology Labs with Robotics, AI & Automation

What You Should Know:  - Clarapath, a leading medical robotics company raises $36M in its Series B-1 round led by Northwell Ventures with participation from strategic players like Mayo Clinic and Ochsner Ventures, bringing Clarapath's total funding to $75M. - The company is on a mission to modernize and transform pathology labs through automation and robotics. The Pathology Challenge: Backlog, Labor Shortages, and Manual Processes Pathology, the microscopic examination of
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Q Bio Secures $27M to Expand Full-Body MRI with Mark I Scanner

by Fred Pennic 07/18/2024 Leave a Comment

Q Bio Secures $27M to Expand Full-Body MRI with Mark I Scanner

What You Should Know:  - Q Bio Inc., a pioneer in medical imaging technology secures $27M in strategic funding to propel its innovative Mark I full-body scanner towards market launch. This investment round welcomes new investor TELUS Global Ventures alongside existing backers like Khosla Ventures, Andreessen Horowitz, Founders Fund, and Kaiser Foundation Hospitals. - Founded in 2015 by Jeff Kaditz, Dr. Michael Snyder, and Dr. Garry Choy, Q Bio is dedicated to revolutionizing medical
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Thoughtful AI Secures $20M, Launches Human-Capable RCM AI Agents

by Fred Pennic 07/18/2024 Leave a Comment

Thoughtful AI Secures $20M, Launches Human-Capable RCM AI Agents

What You Should Know:  - Thoughtful AI, a provider of AI-powered revenue cycle automation (RCM), has announced a series of exciting developments, including the launch of the world's first fully human-capable AI Agents for healthcare RCM, exceptional growth metrics, and $20 million in Series A funding. - Thoughtful AI's groundbreaking AI Agents, CAM, EVA, and PHIL, are tackling the burden of repetitive RCM tasks like claims processing, patient eligibility verification, and payment
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Thyme Care Secures $95M to Expand Value-Based Cancer Care Platform

by Fred Pennic 07/17/2024 Leave a Comment

Thyme Care Launches Virtual Palliative Care Program to Enhance Cancer Care

What You Should Know:  - Thyme Care, a leading value-based cancer care enabler raises $95M in funding capital led by Concord Health Partners, with participation from existing investors including CVS Health® Ventures, Town Hall Ventures, a16z Bio + Health, AlleyCorp, Echo Health Ventures, Foresite Capital, and new investor SignalFire. The funding brings Thyme Care's total funding to $178M. - Thyme Care is a value-based cancer care enabler focused on improving patient outcomes and
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