Investing

Healthcare provider wearing scrubs and a face mask while looking at a computer screen
By  Jessica Hagen 02:26 pm December 19, 2023
LUMA Vision, maker of a 4D cardiac imaging and navigation platform that uses machine learning, announced it secured $22 million in Series A3 financing.  The round was led by existing investors ABV Uni Fund, imec.xpand and EQT Lifesciences, and included new investors Bayern Kapital, Atlantic Bridge Growth Fund and an undisclosed strategic investor.  WHAT IT DOES LUMA, which spun out of Trinity...
Two people standing in front of a large white board that has graphs on it
By  Jessica Hagen 07:36 pm December 18, 2023
Digital health executives predict funding in 2024 will increase for companies with platforms proven helpful for healthcare providers and patients, while those not showing value will be forced to dissolve.  Leaders also relayed to MobiHealthNews that mergers and acquisitions will be prominent in the digital health industry, and genAI companies may take center stage when garnering funding.  ...
A Klinik Pintar clinic staff getting a patient's vitals
By  Adam Ang 12:59 am December 15, 2023
Klinik Pintar scores $5M to develop 'hybrid' clinic solution Jakarta-based digital clinic network Klinik Pintar has raised $5 million in an extended Series A funding round led by Altara Ventures. Formerly Medigo, the company offers various clinical services, including teleconsultation and home health services. It runs a tech-enabled network of 22 primary, specialty, and corporate clinics. Klinik...
Person standing beside their digital twin in the metaverse
By  Jessica Hagen 12:18 pm December 13, 2023
Digital metabolic care startup Twin Health announced it has raised $50 million in funding, two years after securing $140 million in Series C funding.  Temasek led the funding with participation from existing investors Sofina, ICONIQ Growth, Helena, and Peak XV. WHAT IT DOES Twin’s product is the Whole Body Digital Twin, an AI-backed model that aims to provide individualized nutrition, sleep and...
Doctor Anywhere logo
By  Adam Ang 07:48 pm December 6, 2023
Technology-enabled healthcare provider Doctor Anywhere from Singapore has raised another $40.8 million in a Series C funding extension round joined by Square Peg and Novo Holdings.  This brings its total investments since inception to nearly $200 million. It bagged $38.8 million in its previous Series C extension round.  WHAT IT'S FOR In a statement, the company said it will use its fresh funds...
Surgeons in an operating room standing above a patient on a table with large lights above them
By  Jessica Hagen 01:04 pm December 4, 2023
EndoQuest, an endoluminal robotics technology company, announced it closed a $42 million C-1 preferred financing round. Existing investors CE Ventures Limited and McNair Interests Ltd. participated in the round, as did new investor Puma Venture Capital LLC.   WHAT IT DOES The Houston-based company developed a flexible robotics surgery system to perform minimally invasive procedures in upper and...
Healthcare provider sitting a room with a computer while there is a window for them to see a diagnostic imaging tool
By  Jessica Hagen 05:10 pm November 28, 2023
AI-enabled imaging company Aidoc announced that it has secured $30 million in funding to develop a comprehensive AI imaging model and a new category of products based on that model.  WHAT IT DOES Aidoc offers radiologists tools to find and triage injuries and health conditions based on imaging results. It also provides coordination software for stroke and cardiovascular care, alerting relevant...
Healthcare provider looking at a tablet while wearing a white shirt and a stethoscope around their neck
By  Jessica Hagen 04:12 pm November 22, 2023
Healthcare AI company Layer Health, spun out of MIT, announced its launch with $4 million in funding from GV (Google Ventures), General Catalyst and Inception Health.  WHAT THEY DO Layer Health's AI platform, dubbed Distill, built on machine learning algorithms that leverage large language models, aims to streamline the chart review process from unstructured data.  The technology can be...
cofounders Andrei Georgescu (left), now Vivodyne’s CEO, and UPenn Professor Dan Huh (right), now Vivodyne’s CSO
By  Jessica Hagen 03:18 pm November 22, 2023
Philadelphia-based AI-enabled biotech company Vivodyne announced it closed a $38 million seed funding round led by Khosla Ventures. CS Ventures, Kairos Ventures, Bison Ventures and MBX Capital also participated in the round.  WHAT IT DOES Vivodyne is a drug discovery company that uses clinically predictive AI to help identify therapeutic targets and predict a patient's response to a drug by...