- DarioHealth closed on a private placement of $21.3M in convertible preferred stock to institutional and private investors.- Proceeds of the financing will be deployed to accelerate B2B partnerships with payer organizations who can commit subscribers in the thousands, to reinforce D2C, and to expand their product lineup beyond their current diabetes and hypertension offering.Global digital therapeutics innovation provider, DarioHealth Corp. (NASDAQ: DRIO), announced that it has closed on a
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery
- Paige raises $45M in Series B funding led by Healthcare Venture Partners with participation from Breyer Capital, Kenan Turnacioglu, and others. - The funding will be used to accelerate commercial efforts of its AI-native digital pathology ecosystem in the U.S., Europe, Brazil, and Canada. Paige, a NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it has closed its Series B funding round of $45 million, bringing the Company’s
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Bright Health Lands $635M to Expand Medicare Advantage Plans to More Markets
- Bright Health, a diversified consumer-focused healthcare company announced it has raised $635M in Series D funding led by NEA. - The funding will be used to support Bright Health's aggressive growth and hiring as the company continues to strategically expand across products, geographies and consumer bases.- With this round, Bright Health has raised over a billion dollars in equity financing since early 2016, reaching "unicorn status" with a valuation of over $1B. Bright Health, a diversified
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Thrive Earlier Detection Wins the BlueCross BlueShield Data Innovation Challenge
- Thrive Earlier Detection has won the BlueCross BlueShield Data Innovation Challenge for its proposal to evaluate the health-economic impact of earlier multi-cancer detection. - Thrive to analyze more than five years of Blue Cross and Blue Shield claims to detect cancer earlier and more cost-effectively- As part of winning the BlueCross BlueShield Data Innovation Challenge, Thrive will have six months of access to analyze a select dataset from BHI’s database of more than 5 billion covered
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Bridge Connector Raises Additional $5M for No Code, Health Integration Platform
- Bridge Connect raises an additional $5M reaching a total of $25M in funding for its data-driven workflow automation to solve health IT interoperability challenges. - The additional financing will support Bridge Connector’s continued scalability and its upcoming launch of Destinations, a new “no-code” integration platform as a service (iPaaS) that connects health data systems without the need for code.- The company plans to close on Series B funding in the second quarter of 2020, further
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Israeli VC Firm Peregrine Ventures Closes $115M MedTech Fund
- Israeli med-tech venture capital firm Peregrine Ventures raises $115M for its fourth fund focused on investing in early-stage medical technology startups. - To date, the VC firm has 10 exits totaling more than $2 billion in cumulative value and has over $200M in capital under management.Peregrine Ventures, a leading Israeli med-tech venture capital fund, today announced it has closed its fourth medtech-focused fund, Peregrine 4, raising $115 million. Their fourth medtech fund includes some of
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Biotia Raises $2.4M for AI-Powered Precision Infectious Disease Detection & Diagnosis
- Pioneering pathogen detection company Biotia raises $2.4M in seed funding to expand its scientific board and further develop and implement Biotia's diagnostic testing methods, including its AI-based software platform. - Biotia has built one of the world’s largest precision metagenomics clinical databases by working with hospitals internationally. Biotia, an NYC-based health tech company leveraging next-generation DNA sequencing (NGS) and artificial intelligence (AI) software for precision
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3 Themes Driving Today’s State of Gender Equity at Healthcare Startups & VCs
- Latest Rock Health reports reveal the in-depth survey results of 218 men, women, and non-binary respondents working at healthcare startups and VCs to understand perceive how their organizations are actively advancing gender equity. - The report reveals we are far from gender parity and the most common initiatives to promote gender equity may not be the most effective approach. - Conversations with leaders outline five core strategies for building a workplace supportive of gender equity.Despite
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Rad AI Raises $4M to Automate Repetitive Tasks for Radiologists Through Machine Learning
- Rad AI raises $4M in seed funding led by Gradient Ventures, Google’s AI-focused venture fund to transform radiology with the latest advances in AI to save radiologists 60+ minutes a day.
- By streamlining existing workflow and automating repetitive manual tasks, Rad AI increases daily productivity while reducing radiologist burnout.
- Rad AI provides more consistent radiology reports for ordering clinicians, and higher accuracy for the patients it serves.
Berkeley-based Rad AI, a
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Cone Health Launches Innovation Center to Develop & Launch Ideas
- Cone Health forms an innovation center named Cone Health Ventures to serve as a testing ground for new products and services focused on health and wellness. - Cone Health Ventures will serve as the innovation framework bringing together entrepreneurial insight, healthcare expertise and a human-centered approach to innovation.Cone Health, a Greensboro, NC-based integrated not-for-profit network of providers serving people in central North Carolina has announced the launch of Cone Health
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