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

Power Secures $11.9M to Democratize Clinical Trials

by Jasmine Pennic 02/21/2024 Leave a Comment

Power Secures $11.9M to Democratize Clinical Trials

What You Should Know: - Power, the company transforming the traditional clinical trial landscape, announced today the close of their $11.9M Series A funding round led by Kin, Contrary, and Footwork. - The strategic funding fuels Power's mission to democratize access to clinical trials and diversify the pool of participants, ultimately accelerating life-saving medical research. Revolutionizing Clinical Trial Participation Founded in 2021 by Brandon Li and Michael Gill, Power
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UnityAI Secures $4M for AI-Powered Patient Flow Optimization

by Fred Pennic 02/21/2024 Leave a Comment

UnityAI Secures $4M for AI-Powered Patient Flow Optimization

What You Should Know: - UnityAI, a healthcare technology startup, announced today the successful closure of its seed funding round, raising $4M led by Max Ventures, with participation from Whistler Capital Partners, Nashville Capital Network, Company Ventures, and individual healthcare angels.  - The funding fuels the company's mission to transform hospital operations through AI-powered patient flow optimization. Founded by Healthcare Experts, Focused on Patient Care UnityAI is
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Authenticx Unveils Generative AI Solution for Customer Insights

by Jasmine Pennic 02/20/2024 Leave a Comment

Authenticx Unveils Generative AI Solution for Customer Insights

What You Should Know: - Authenticx, the leading platform for analyzing healthcare customer conversations, has unveiled a groundbreaking generative AI (GenAI) solution. - By leveraging Authenticx’s GenAI solution, healthcare organizations can gain a deeper understanding of their patients' needs, improve communication, and ultimately deliver a more positive and effective experience. Harnessing the Power of Customer Conversations Authenticx's AI platform already excels at structuring,
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Siftwell Analytics Secures $5.8M for AI-Powered Community Health Plan Analytics

by Fred Pennic 02/20/2024 Leave a Comment

Siftwell Analytics Secures $5.8M for AI-Powered Community Health Plan Analytics

What You Should Know: - Siftwell Analytics, a healthcare technology company founded by industry veterans, announced today the successful closing of its seed funding round totaling $5.8M. - This significant investment, led by AlleyCorp, Arkin Digital Health, Tau Ventures, and The Charlotte Fund, underscores the growing demand for Siftwell's innovative approach to population health management. Empowering Community-Oriented Organizations with Explainable AI Co-founded in 2022 by Trey
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Freenome Raises $254M to Accelerate Early Cancer Detection Platform

by Fred Pennic 02/15/2024 Leave a Comment

Freenome Raises $254M to Accelerate Early Cancer Detection Platform

What You Should Know: - Freenome, a leader in blood-based early cancer detection, has raised $254M in a new funding round, fueled by its innovative multiomics platform and promising pipeline of tests. The funding was led by Roche with participation from a16z Life Sciences Growth Fund, the American Cancer Society’s BrightEdge Ventures, ARK Investments, ArrowMark Partners, Artis Ventures, Bain Capital Life Sciences, Cormorant Capital, DCVC, Eventide Asset Management LLC, Intermountain Ventures,
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RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI

by Fred Pennic 02/15/2024 Leave a Comment

RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI

What You Should Know: - RapidClaims, a healthcare technology startup focused on automating medical coding and reducing claim denials, has officially exited stealth mode after securing a $3.1M seed funding round. The seed round was led by Together Fund, a $250 million global SaaS fund, with participation from Better Capital, Neon Fund, Peercheque, DeVC with angels and advisors coming from prominent US healthcare organizations including Oscar Benavidez (Executive Director, Mass General), Ankit
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Beta Boom Closes $14.5M Fund to Invest in Digital Health Startups

by Fred Pennic 02/13/2024 Leave a Comment

Beta Boom Closes $14.5M Fund to Invest in Digital Health, Others

What You Should Know: - Beta Boom, a pre-seed and seed-stage VC firm focused on impact investing, has secured $14.5 million for its Fund II. - Led by Managing Partners Kimmy and Sergio Paluch, the fund targets early-stage startups addressing critical needs within fast-growing, underserved communities. Investment Thesis & Focus Beta Boom goes beyond traditional networks and tech hubs, looking for passionate founders with grit and deep understanding of the problems they solve. They
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Sensos Nabs $20M for AI-Powered Supply Chain

by Syed Hamza Sohail 02/13/2024 Leave a Comment

Sensos Nabs $20M for AI-Powered Supply Chain

What You Should Know:  Sensos a Sony Semiconductor Israel spin-off, has successfully closed its Series A funding round to further develop a proactive supply chain management solution. The funding was led by Mitsui-backed Magenta Venture Partners, who were joined by JAL Ventures, with the participation of Israel Cargo Logistics, and Sumitomo Corporation.The smart logistics industry that tracks shipments and manages remote inventory is fragmented, relying on partial digital solutions, poor
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CareSource Becomes LP with Boomerang Ventures for Co-Investment Opportunities

by Fred Pennic 02/12/2024 Leave a Comment

CareSource Becomes LP with Boomerang Ventures for Co-Investment Opportunities

What You Should Know: - Boomerang Ventures, an early-stage venture studio and venture capital fund focused on connected health solutions, has announced a strategic partnership with CareSource, a nationally recognized non-profit managed care organization. - The strategic collaboration marks a significant step towards advancing healthcare access, quality, and equity. Partnership Benefits CareSource becomes a Limited Partner: This investment empowers Boomerang to expand its reach
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Unlearn Raises $50M to Accelerate AI-Powered Clinical Trials with Digital Twins

by Fred Pennic 02/08/2024 Leave a Comment

Unlearn Raises $50M to Accelerate AI-Powered Clinical Trials with Digital Twins

What You Should Know: - Unlearn®, a leading AI company using digital twins to revolutionize clinical trials, announced today a $50M Series C funding round led by Altimeter Capital. This investment, bringing Unlearn's total funding to over $130M, will fuel its mission to eliminate trial and error in medicine through faster, smaller, and more ethical clinical trials. - Unlearn collaborates with pharmaceutical companies, biotechs, and academic institutions to optimize and streamline clinical
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