Global healthcare investment firm OrbiMed announced it raised more than $4.3 billion in commitments for its private investment funds – OrbiMed Asia Partners V, OrbiMed Royalty & Credit Opportunities IV and OrbiMed Private Investments IX.
A range of university endowments, pension funds, medical institutions, foundations, family offices and sovereign wealth funds invested in the funds.
WHAT IT...
Mesh Bio secures funding for refining digital twin engine
Singaporean startup Mesh Bio has received undisclosed funding from East Ventures to assist with its regional expansion.
The company is currently working on a digital twin solution for managing rising cases of chronic diseases, particularly in Southeast Asia, where 62% of all deaths in the region are due to non-communicable conditions. Mesh...
Boston-based virtual reality platform XRHealth announced it distributed hundreds of virtual reality headsets across 30 hospitals, assisted living and mental health centers, and nursing homes in Israel to assist patients suffering from stress, PTSD and anxiety.
XRHealth's platform allows patients to receive recommended therapies for mental and physical conditions via a virtual reality headset....
Ventricle Health, a virtual platform focused on cardiac care, secured $8 million in seed funding led by RA Capital Management with participation from Waterline Ventures alongside other investors.
The company offers value-based home and virtual cardiology care in support of Accountable Care Organizations, primary care practices and partners in Florida, Texas, Ohio and the Mid-Atlantic region. ...
Evident Vascular, a company creating AI-enabled intravascular ultrasound technology, announced its launch today with $35 million in Series A financing.
Vensana Capital led the round.
WHAT IT DOES
The California-based company devised AI-enabled transcatheter intravascular ultrasound technology that captures images inside a patient's blood vessels to evaluate vascular disease and enhance image...
South Korean health tech startup Sky Labs has raised 20.7 billion won ($15.3 million) in a Series C funding round led by the government-run Korea Development Bank.
K2 Investment Partners, Devsisters Ventures, SJG Partners, and OpenWater Investment also joined the investing round.
This brings its total investment to 54.8 billion won ($40.5 million). It last raised $20 million in a Series B round...
British medtech company Brainomix and Switzerland-based remote robotic surgical company Nanoflex Robotics announced the receipt of £400,000 ($420,418) and CHF 400,000 ($443,700), respectively, to codevelop an AI-assisted magnetic navigation system for stroke-related robotic surgical tools.
Innovate UK, the innovation agency in the United Kingdom, and Innosuisse, Switzerland's Innovation Agency,...
Good Doctor collects $10M for Indonesia expansion
Telehealth startup Good Doctor has raised $10 million in a Series A funding round led by MDI Ventures. Existing investor Grab also joined this round.
In a statement, CEO Danu Wicaksana said the fresh funds will be used to develop its enterprise technology platform, as well as new products and services.
The fund will also help in its expansion...
Mendel.ai, a startup that uses artificial intelligence to help structure medical information, announced the launch of Hypercube, an AI-powered platform that integrates structured and unstructured text data, democratizes analytics, and allows a user to ask questions in free text and receive outcomes from specific patient data.
Karim Galil, cofounder and CEO of Mendel.ai, announced the new...
Artificial intelligence could have profound implications for the field of oncology, concluded panelists speaking to journalist and moderator Katie Couric at the Constellation Forum 2023 at Northwell Health last week.
Dr. Richard Barakat, physician in chief and executive director of cancer services and research division at Northwell Health, noted that using AI in imaging will help radiologists and...
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