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

Redesign Health Spinout Beanstalk Benefits Launches with $7.5M for Benefits Platform

by Syed Hamza Sohail 04/04/2024 Leave a Comment

Redesign Spinout Beanstalk Benefits Launches with $7M for Benefits Platform

What You Should Know: Beanstalk Benefits today launched the first benefits platform to give individual employees the access and control to build their own portfolios of “everyday” benefits. By giving employees the flexibility to choose their own health, wealth and wellbeing services and solutions, rather than choosing on their behalf, employers are now better able to meet the dynamic needs of each member of their diverse and modern workforces – all under a single
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Nucleai Secures $14M to Enhance Clinical Trial Enrollment with Spatial AI Biomarker

by Fred Pennic 04/03/2024 Leave a Comment

Nucleai Secures $14M to Enhance Clinical Trial Enrollment with Spatial AI Biomarker

What You Should Know: - Nucleai, a pioneer in spatial AI biomarkers raises $14M in funding led by M Ventures, the corporate venture arm of Merck KGaA. - The investment brings Nucleai's total funding to $60M and fuels their mission to transform personalized medicine through AI-powered patient selection for clinical trials. AI-Driven Spatial Biomarkers Nucleai's groundbreaking technology deciphers the intricate conversations between cells within tissue samples. By leveraging AI and
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Scrut Automation Secures $10M to Transform GRC with Generative AI and Automation

by Jasmine Pennic 04/02/2024 Leave a Comment

Scrut Automation Secures $10M to Transform GRC with Generative AI and Automation

What You Should Know: - Scrut Automation, a provider of cloud-based Governance, Risk, and Compliance (GRC) platforms, has secured $10M in funding from existing investors Lightspeed, MassMutual Ventures, and Endiya Partners. This latest round brings the company's total venture funding to $20.5M since its inception in 2021. Empowering Mid-Market Businesses in a Complex Landscape Scrut Automation was specifically designed to address the unique challenges faced by tech-first mid-market
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Providence Spins Out Praia Health Secures $20M for Digitally Driven Health System Transformation

by Syed Hamza Sohail 04/02/2024 Leave a Comment

Providence Spins Out Praia Health Secures $20M for Digitally Driven Health System Transformation

What You Should Know: Praia Health, a newly formed digital health company, today announced the closing of a $20 million oversubscribed Series A financing led by Frist Cressey Ventures and backed by SignalFire, Epsilon Health Investors and Providence Ventures.The funding will bolster the platform’s ability to revolutionize the delivery of individualized health solutions at scale, enabling digitally driven health system transformation. Praia Health: Transforming
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Pelago Secures $58M to Expand Substance Use Management as an Employee Benefit

by Syed Hamza Sohail 03/29/2024 Leave a Comment

Pelago Secures $58M to Expand Substance Use Management as an Employee Benefit

What You Should Know: Pelago the leading digital clinic partner to U.S. businesses and health plans for substance use management, today announced $58 million in new funding on the strength of customer growth and validated ROIExisting investor Atomico doubled down to lead this Series C investment on the back of Pelago's impressive growth, with participation from all existing investors Kinnevik AB, Octopus Ventures, and Y Combinator plus new
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Float Secures $10M to Bring Specialty Care Home for Chronic Conditions

by Fred Pennic 03/28/2024 Leave a Comment

Float Secures $10M to Bring Specialty Care Home for Chronic Conditions

What You Should Know: - Float, a healthcare marketplace focused on delivering in-home care for chronic illnesses, has secured $10M in Series A funding led by Canvas Ventures with participation from Wave Capital, Y Combinator, Burst Capital, and Also Capital. The round also included angel investor participation from several tech industry founders and leaders including Max Mullen, Co-founder of Instacart, Andrew Bartynski, Vice President of Strategy and Operations at ASRI, Brian Pokorny, former
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InStride Health Secures $30M to Expand Access to Pediatric Mental Healthcare

by Jasmine Pennic 03/27/2024 Leave a Comment

InStride Health Secures $30M to Expand Access to Pediatric Mental Healthcare

What You Should Know: - InStride Health, a leader in outpatient treatment for childhood anxiety and OCD closes oversubscribed $30M Series B funding round led by General Catalyst with participation from existing investors .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation. - The latest investment brings InStride Health's total funding to $56M and will help fuel the company's mission of providing high-quality, accessible mental healthcare to young
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Brightside Health Secures $33M to Expand Access to Mental Healthcare

by Fred Pennic 03/26/2024 Leave a Comment

Brightside Health Secures $33M to Expand Access to Mental Healthcare

What You Should Know: - Brightside Health, a teletherapy provider for depression, anxiety, and other mood disorders, raises $33M in Series C funding led by S32. - The funding round, which included participation from existing investors alongside new partners like Kennedy Lewis, Time BioVentures, and Anne Wojcicki's Redwood Pacific, will fuel Brightside Health's expansion plans. - The funding comes on the heels of the company's recent expansion into Medicaid and Medicare programs, along
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Tennr Raises $18M to Fix Fax Problem in Healthcare with AI

by Fred Pennic 03/26/2024 Leave a Comment

Tennr Raises $18M to Fix Fax Problem in Healthcare with AI

What You Should Know: - Tennr, a New York-based company that automates the messy, painful, manual work holding healthcare organizations back from seeing more patients, increasing revenue, and growing their business raises $18M in Series A funding led by a16z. The latest round brings Tennr's total funding to over $25M. - The company, founded by a team of Stanford graduates with expertise in machine learning, is tackling the problems caused by fax reliance in healthcare. The Problem:
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PocketHealth Secures $33M to Expand Medical Image Exchange Platform

by Fred Pennic 03/21/2024 Leave a Comment

PocketHealth Secures $33M to Expand Medical Image Exchange Platform

What You Should Know: - PocketHealth, a Toronto, CA-based patient-centric platform for medical image exchange raises $33M USD ($45 million CAD) in Series B funding led by Round13 Capital with participation from Deloitte Ventures, Samsung Next. - PocketHealth plans to use the latest round of funding to develop its secure platform, streamlining image exchange between patients, providers, and any healthcare facility. In addition, PocketHealth plans to double its workforce and significantly
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