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

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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Ambience Healthcare Secures $70M to Advance AI-Driven Healthcare Operating System

by Fred Pennic 02/08/2024 Leave a Comment

Ambience Healthcare Secures $70M to Advance AI-Driven Healthcare Operating System

What You Should Know: - Ambience Healthcare, the leading AI operating system for healthcare organizations, announced a $70M Series B funding round co-led by Kleiner Perkins and OpenAI Startup Fund. - This funding comes on the heels of Ambience's rapid commercial success, with deployments at major healthcare systems like UCSF, Memorial Hermann, and John Muir Health. Breaking Down Silos and Improving Efficiency Ambience's platform approach fosters collaboration and breaks down silos
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Stellar Sleep Raises $6M to Expand Digital Sleep Therapy Platform for Chronic Insomnia

by Fred Pennic 02/06/2024 Leave a Comment

Stellar Sleep Raises $6M for Digital Sleep Therapy Platform for Chronic Insomnia

What You Should Know: - Stellar Sleep, a San Francisco, CA-based company offering the first digital solution specifically designed for chronic insomnia management raises $6M in seed funding to expand its reach and make effective treatment more accessible. The seed funding was led by Initialized Capital with participation from Y Combinator, Lombardstreet Ventures, Switch Ventures, Moonfire Ventures, Scrum Ventures, 8vdx and Goodwater. - Stellar Sleep's innovative approach offers a beacon of
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Cohere Health Secures $50M for AI-Powered Prior Authorization Platform

by Fred Pennic 02/02/2024 Leave a Comment

Cohere Health Secures $50M for AI-Powered Prior Authorization Platform


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ArteraAI Raises $20M to Personalize Cancer Therapy With Multimodal AI

by Fred Pennic 02/01/2024 Leave a Comment

ArteraAI Raises $20M to Personalize Cancer Therapy With Multimodal AI

What You Should Know: - ArteraAI, a pioneer in multi-modal artificial intelligence (MMAI) for cancer treatment personalization, announced today an additional $20M in funding. - This latest round, backed by prominent investors like Prosperity7 Ventures, EDBI, and Wilson Sonsini Goodrich & Rosati, brings the company's total funding to $110M since its inception less than a year ago. Revolutionizing Patient Care with AI ArteraAI's MMAI platform analyzes digital pathology images and
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