Aspire Universal, a private equity firm and venture company today announced the establishment of the $300M Aspire Ventures Precision Medicine Fund (AVP) to accelerate innovation for personalized devices and medical practices. Precision medicine is one of the most important transformations ever to come to medicine, and by shifting away from one-size-fits-all solutions, precision medicine offers personalized solutions that deliver better experiences and better outcomes at a lower cost. The AVP
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PeerWell Launches Augmented Reality Trip and Fall Hazard Detector for Smartphones
Digital health company PeerWell just announced the launch of Trip and Fall Hazard Detector, an augmented reality (AR) extension providing real-time analysis from video stream from a smartphone’s camera that identifies and helps correct trip and fall hazards at home, one of the major setbacks for postoperative recovery, especially for those undergoing joint replacement and spine surgery.This AI-powered app extension allows patients and caregivers to scan their home using smartphone cameras,
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Artificial Intelligence in Healthcare – Do the Benefits Outweigh the Challenges?
Editor's Note: Jeffrey Hoffmeister is the VP, medical director at iCAD, Jeffrey has participated in developing mammographic AI solutions for 25 years. He has provided clinical insight to engineering and marketing teams, and managed the design and implementation of clinical studies for FDA approval of mammographic AI products, from iCAD’s first mammography CAD product, SecondLook, in 2002 to iCAD’s most recent digital breast tomosynthesis AI solution, PowerLook Tomo Detection. As healthcare
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NTT DATA Partners with DataFirst to Expand Clinical AI Capabilities
NTT DATA Services has announced its partnership with DataFirst, Inc. to allow for seamless patient data sharing between platforms, which will expand its Imaging Insights service and clinical artificial intelligence (AI) capabilities. This partnership creates valuable opportunities during and following data migration in live care situations to better use clinical imaging data for quality of diagnoses and insights on patient health. DataFirst’s suite of interoperability solutions allows patient
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AI-Driven Drug Discovery Startup twoXAR Lands $10M for Computational Platform
twoXAR, Inc., an artificial intelligence (AI)-driven biopharmaceutical company, announced today that it has raised $10 million in Series A financing led by SoftBank Ventures including follow-on participation from seed investor Andreessen Horowitz. The biotech startup plans to use the funding to build the company’s drug pipeline through partnerships and accelerate preclinical development of existing candidates. Traditional drug discovery and development is estimated to take 10-15 years and
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Cigna Launches “Answers by Cigna” on Amazon Alexa
Today, Cigna announced it will be the first global health service company to offer a skill aimed at personalizing and simplifying health benefits information with the launch of “Answers by Cigna,” a skill for Amazon Alexa. “Answers by Cigna” is designed to educate and engage people about health care by providing instant and easy-to-understand answers to more than 150 commonly-asked health care questions.Nearly half of Americans are utilizing voice enabled devices and has the potential to change
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Microsoft and Apollo Hospitals to Build AI-Powered Cardiology Network
Apollo Hospitals, India's leading super specialty hospital has inked a partnership with Microsoft to create an AI-powered cardiology network to predict heart disease. The partnership is part of Healthcare NExT, a Microsoft initiative which aims to accelerate healthcare innovation through artificial intelligence and cloud computing.Together, Microsoft and Apollo Hospital will be developing and deploying new machine learning models to gauge patient risk for heart disease in hopes of preventing or
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Nuance Integrates AI-Powered Virtual Assistant Platform with Epic EHR
Nuance and Epic have teamed up to integrate Nuance’s new artificial intelligence (AI)-powered virtual assistant platform with Epic’s EHR. With Nuance’s new virtual assistant technology, Epic’s EHR further improves caregiver productivity and efficiency across the continuum of care. Today’s announcement comes as new CHIME survey data1 reveals that 70 percent of hospital CIO’s surveyed would consider adopting virtual assistants with AI capabilities in the coming year.Nuance and Epic have worked
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Atomwise Raises $45M for Artificial Intelligence Platform for Drug Discovery
Atomwise, a San Francisco, CA-based company that develops artificial intelligence systems for drug discovery has raised $45 million in Series A funding led by Monsanto Growth Ventures, B Capital Group and Data Collective. Prior investors Y Combinator, Khosla Ventures, and DFJ also participated in this Series A financing, along with new investors Baidu Ventures, Tencent, and Dolby Family Ventures. The oversubscribed round brings Atomwise’s total capital raised to more than $51 million.Founded in
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Health AI Startup Medial EarlySign Lands $30M for Personalized Disease Management
Medial EarlySign, an Israeli-based provider of machine-learning based solutions to improve patient management and non-communicable disease management has raised $30 million in Series B funding led by aMoon Fund. The latest round brings the startup’s total funding, to date, to $50 million.The funding will further the use of EarlySign’s AI solutions, which leverage basic electronic health records to identify individuals at high risk of harboring or developing life-threatening diseases, helping
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