Google has unleashed a tidal wave of product and feature updates through the ongoing Google I/O developers’ conference, and it’s no surprise that the intersection of artificial intelligence and healthcare was a recurring spotlight among them. Through keynote speeches and simultaneously released online blog posts, the company highlighted a handful of tech-driven healthcare efforts that seem to be bearing fruit.
Slavitt's new gig. Former CMS Administrator Andy Slavitt is heading up Town Hall Ventures, a new healthcare investing group that officially launched yesterday. Slavitt will be joined by Trevor Price, founder of Oxeon Holdings, a retained executive search and investment firm; and David Whelan, who managed Oxeon's previous firm Oxeon Ventures. The firm already has several investments including Cityblock Health, Somatus, Welbe Health, and Aetion.
Healthcare data company Innovaccer has just announced that it landed $25 million in a Series B funding round led by Westbridge Capital with participation from Lightspeed Ventures.
This morning Murj, developer of a digital data collection platform for implantable cardiac devices, announced that it raked in $8.5 million in a series B financing led by Longitude Capital, with participation from True Ventures and other existing investors.
A new overview of systematic reviews of published randomized control trials of mobile health apps found just 23 RCTs of currently-available apps have been conducted, and less than half of those showed a positive health effect from the app in question.
WeDoctor, an online healthcare services company serving the Chinese market and backed by Tencent Holdings, has raised $500 million from investors in a private share sale that places its value at $5.5 billion, according to reporting from Financial Times,
Patients often have a long and difficult road to recovery following a stroke, but now developers are turning to virtual reality to assist in their therapy.
Rehabilitation research group the Kessler Foundation and immersive interactive technologies company Virtualware are teaming up to develop a VR-based treatment for spatial neglect in stroke patients.
This morning, Boston-based Akili Interactive Labs announced the closure of a $55 million Series C funding round. The investment was led by Temasek, with participation from Baillie Gifford, Amgen Ventures, M Ventures, JAZZ Venture Partners, Canepa Advanced Healthcare Fund, and Brooklands Capital Strategies.
iRhythm Technologies, maker of the Zio XT and Zio AT adhesive heart monitors, announced first quarter financials boasting higher revenue and an improved gross margin during an earnings call for investors earlier this week.
As technology increases in the healthcare arena more and more venture firms are turning their attention to digital health.