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

CareHarmony Secures $15M for AI-Powered Care Coordination

by Syed Hamza Sohail 08/17/2022 Leave a Comment

CareHarmony Secures $15M for AI-Powered Care Coordination

What You Should Know: - CareHarmony, an AI-powered care coordination solutions provider, today announced it has closed a $15 million Series A funding round led by Maverick Ventures, with participation from Nashville Capital Network. - The financing comes as CareHarmony continues to experience exponential growth, serving several of the nation’s leading hospitals and health systems through its care platform. Developing Proprietary Technology To Meet Increased Demand Founded in 2015,
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KeyCare Raises $24M for Epic-Integrated Virtual Care Platform

by Syed Hamza Sohail 08/17/2022 Leave a Comment

KeyCare Raises $24M for Epic-Integrated Virtual Care Platform

What You Should Know: - KeyCare, Inc., the nation’s only virtual-first care platform built with Epic, announced the closing of $24 million in series A funding. - The funding was backed by 8VC, LRVHealth, Bold Capital, and Spectrum Health Ventures. Expanding Horizons in Healthcare Using Virtual Care Platforms KeyCare offers health systems the ability to easily augment their care teams, optimize capacity, and widen their digital front doors by partnering with a nationwide network of
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Naborforce Raises $9M to Connect Older Adults to On-Demand Support & Engagement

by Syed Hamza Sohail 08/15/2022 Leave a Comment

Aging Tech Startup Naborforce Closes $9M to Support Independent Living for Older Adults

What You Should Know: - Naborforce, a high-growth elder tech company that connects older adults to a network of trusted "Nabors" for on-demand support and social engagement, announced the closing of a $9 million Series A financing round led by Translink Capital. - Translink Capital, a global venture capital firm headquartered in Silicon Valley, is joined by  existing investors Claritas Capital The Artemis Fund, and TechStars. Naborforce will use the financing to further invest in its
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FundamentalVR Raises $20M for VR Surgical Simulation Platform

by Syed Hamza Sohail 08/11/2022 Leave a Comment

FundamentalVR Raises $20M for VR Surgical Simulation Platform

What You Should Know: - FundamentalVR has raised an additional $20M to significantly accelerate medical skill-transfer and increase surgical proficiency through its world-leading medical simulation platform, Fundamental Surgery. - The funding was led by EQT Life Sciences investing from the LSP Health Economics Fund 2 and joined by prior investors Downing Ventures. The new investments follow a Series A round in October 2019 and bring the
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Abridge Secures $12.5M to Power AI-Powered Medical Conversations

by Syed Hamza Sohail 08/11/2022 Leave a Comment

Abridge Secures $12.5M to Power AI-Powered Medical Conversations

What You Should Know: - Abridge, the leader in medical conversation artificial intelligence (AI), today announced an oversubscribed $12.5M Series A-1 led by Wittington Ventures. - The round also had participation from all existing investors including Union Square Ventures, Bessemer Venture Partners, Pillar Venture Capital, and UPMC Enterprises, and new investors including Turing Award winner Yoshua Bengio, and Whistler Capital. Automated Solutions to Combat Physician
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Femtech Startup Nanopath Raises $10M to Develop POC Diagnostics for Women’s Health

by Fred Pennic 08/10/2022 Leave a Comment

Femtech Startup Nanopath Raises $10M to Develop POC Diagnostics for Women's Health

What You Should Know: - Nanopath, a molecular diagnostics company enabling high-quality molecular testing in minutes raises $10M in Series A funding, co-led by co-led by Norwest Venture Partners and Medtech Convergence Fund, to develop a point-of-care diagnostics platform for women’s health screenings. - The company plans to use the latest round of funding to support development and commercialization of Nanopath's biosensing platform that aims to transform how women's pelvic and
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Intel Invests $20M in Biofourmis’ Virtual Care Offerings

by Syed Hamza Sohail 08/10/2022 Leave a Comment

Biofourmis AI Analytics Engine Receives FDA Clearance for Ambulatory Physiologic Monitoring

What You Should Know: - Biofourmis, a Boston-based global leader in virtual care and digital medicine, today announced that Intel Capital, the strategic investment arm of chipmaker Intel Corporation, has joined its Series D financing in an extension that brings the total funding raised in the round to $320M. - The initial Series D funding round was announced in April and was led by global growth equity firm General Atlantic with participation by CVS Health (NYSE:CVS), Trevor
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Evidence Partners Raises $20M for Automated, Evidence-Based Research

by Syed Hamza Sohail 08/09/2022 Leave a Comment

Evidence Partners Raises $20M for Automated, Evidence-Based Research

What You Should Know: - Evidence Partners has announced a growth financing round, their first ever, for $20M, led by Thomvest Ventures.  - With their new AI product DistillerSR, Evidence Partners are changing the way Literature Reviews are conducted, making them efficient, accurate, and less labour-intensive. AI-Driven Literature Review Software DistillerSR is a web-based platform that allows researchers to collaborate concurrently on the same projects from anywhere, without
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Sibel Health Raises $33M for Advanced Wearable Sensors for RPM

by Syed Hamza Sohail 08/09/2022 Leave a Comment

What You Should Know: - Sibel Health has recently closed a $33M Series B financing round, bringing Sibel's total funding to date to more than $50M. - In addition, Sibel has announced two new executive appointments. Jon Otterstatter, the former CEO and co-founder of Preventice (acquired by Boston Scientific in 2021), will join as chairman of the board. Matthew Banet, Ph.D., a world expert in advanced body-worn sensors and previously the CTO and co-founder of toSense and Sotera, joins as
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Diagnostic Robotics Raises $45M for Medical-Grade AI Triage & Clinical Predictions Platform

by Syed Hamza Sohail 08/05/2022 Leave a Comment

Diagnostic Robotics Raises $45M for Medical-Grade AI Triage & Clinical Predictions Platform

What You Should Know: - Diagnostic Robotics has announced the closing of a $45M Series B funding round led by StageOne investors, with participation from Mayo Clinic, thus becoming a Mayo Clinic Platform portfolio company. Technion – Israel Institute of Technology, as well as other existing investors such as strategic angel investor Bradley Bloom, co-founder of Berkshire Partners, participated in this funding round as well. - The new funding will be used to accelerate product development,
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