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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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
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
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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Conduce Health Secures $3M for Multi-Specialty Value-Based Care Marketplace
What You Should Know:
- Conduce Health, a healthcare technology company focused on value-based care raises $3M in seed funding led by Connecticut Innovations with participation from AlleyCorp and CityLight.
- With a network of over 150 specialists, Conduce provides a centralized platform for managing specialty care risk, optimizing contracting, and utilizing data science to deliver the right care at the right time.
The Problem: Disconnected Care for Complex Conditions
Value-based
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Cybin Raises $150M to Advance Psychedelic Therapy for Depression
What You Should Know:
- Cybin Inc. (NYSE American: CYBN), a company developing next-generation psychedelic therapies for mental health, has secured $150M in a private placement of common shares led by Deep Track Capital and included participation from other institutional investors. The price per share was set at $0.43, representing a 17% premium over the 10-day volume-weighted average trading price.
- The funding will fuel the development of CYB003, a potential first-in-class psychedelic
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Ultrahuman Scores $35M to Expand Smart Ring for AI-Powered Health Tracking
What You Should Know:
- Ultrahuman, a pioneer in wearable health technology raises $35M in Series B funding led by prominent like Blume Ventures and Steadview Capital.
- Ultrahuman is set to achieve a significant milestone by the end of 2024 – surpassing $100M in annualized revenue run rate (ARR) while remaining profitable.
Building a Multi-Device Health Ecosystem
Ultrahuman: A Multi-Device Ecosystem for Holistic Health
Ultrahuman stands out as a leader in the health-tech
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Hippocratic AI Secures $53M to Develop Safety-Focused GenAI for Healthcare
What You Should Know:
- Hippocratic AI, a company developing a safety-focused Large Language Model (LLM) for healthcare raises $53M in Series A funding, bringing their total funding to $120M. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS).
- The company also launched
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Zephyr AI Secures $111M to Democratize Precision Medicine with Explainable AI
What You Should Know:
- Zephyr AI, a healthcare technology company pioneering explainable AI (XAI) for precision medicine, raises $111M in Series A round led by Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group.
- The company plans to use this round of funding to refine its technology to fortify its extensive collection of training and validation datasets, crucial for robust AI models, deliver results even faster, and expand its scientific and commercial
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Pi Health Secures $30M to Democratize Cancer Clinical Trials
What You Should Know:
- Pi Health, a newly independent oncology-focused clinical research company raises $30M in Series A funding led by AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe.
- The company, previously incubated by BeiGene (NASDAQ: BGNE), aims to revolutionize access to innovative cancer treatments through its technology platform and global network of clinical trial sites.
Less Than 8% of
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HiLabs Secures $39M to Tackle Dirty Healthcare Data with AI
What You Should Know:
HiLabs, a leading provider of AI-powered solutions to manage dirty data, unlocking its hidden potential for healthcare transformation, today announced a $39 million Series B financing.The round was led by Denali Growth Partners and Eight Roads Ventures, with participation from F-Prime Capital. The capital raise follows rapid customer adoption of its healthcare data ingestion, cleansing, and enrichment platform, MCheck™, and will support continued enhancement of the
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