March 20, 2018
Brain health platform Neurotrack has just announced that it raised $13.7 million in Series B funding, led by Sozo Ventures. The funding is expected to help Neurotrack further develop the platform.
The platform has two components: an online tool that helps prevent memory loss, and an assessment that gives users a baseline memory reading. The platform includes a memory health program, which is...
March 15, 2018
Blink Health, which makes an app and online tool for helping consumers find low prices on medications, is suing competitor Hippo Technologies for up to $250 million, alleging a “copycat” scheme. The lawsuit claims that Hippo, which was founded by former Blink employees, obtained trade secrets, participated in unfair competition, took part in tortious interference with contract and business...
March 8, 2018
Sleep tracking tech company Eight (formerly known as Luna) has raised $14 million is Series B funding, according to a statement from the company. The round was led by Khosla Ventures, with participation from Y Combinator and Yunqi Partners.
This latest round will be used to expand distribution of the company’s products, according to the company, and bring’s Eight’s total funding to $27 million....
March 7, 2018
HIMSS on Friday revealed that it has acquired Healthbox for its innovation consulting and fund management services.
"Healthcare organizations look at us asking if we can help them think through concepts around digital health or how to bring innovation into their systems," said Hal Wolf, HIMSS CEO.
Healthbox, in fact, specializes in two sets of services: innovation consulting and fund management...
March 1, 2018
Helix has closed a $200 million financing round and said it plans to expand its personal genomics marketplace to accelerate consumer adoption of genomics.
The San Carlos, California-based startup launched the Helix marketplace in July 2017 to collects and sequence a DNA sample once, and then store and protects a customer’s data so they can access additional DNA-powered products and services from...
March 1, 2018
Woebot Labs, a mental health artificial intelligence platform, just landed $8 million in Series A funding with New Enterprise Associates leading and Andrew Ng’s AI Fund participating.
The new app, which launched in February, is a cross between a therapist and a friend. Woebot customers can use the messaging function on the app—just like using Google Hangouts or Apple's iMessage, but instead of a...
February 28, 2018
Fitbit reported its fourth quarter and full year earnings yesterday. Fourth quarter earnings continues to post a loss, with a reported $571 million in revenues and a net loss of $46 million, as did its full year report, in which the company reported a total revenue of $1.6 billion and a net loss of $277 million, down 1 percent year over year.
Last year the company launched the Fitbit Ionic, a...
February 21, 2018
This morning San Luis Obispo-based wellness platform Mindbody announced the acquisition of FitMetrix, a performance tracking engagement platform, for an undisclosed sum.
"Together, FitMetrix and Mindbody create a broader offering of services for class-based boutique fitness businesses, and further expands our reach into the broader fitness market," Monica Dioda, CEO and co-founder of FitMetrix,...
February 15, 2018
Yesterday, Redwood City, California-based HeartFlow, a company that specializes in creating computerized heart models to treat coronary diseases, announced that it landed $240 million in series E funding led by Wellington Management Company and Baillie Gifford & Company.
“This financing will enable us to drive commercial success of the HeartFlow Analysis, which is poised to become the global...
February 15, 2018
This week Nokia Technologies announced both a strategic review of the digital health department and an update on its cost saving reduction plan, which could result in substantial layoffs. This comes not two years after Nokia created its digital health unit through the acquisition of French digital health company Withings for $191 million.
According to Nokia, however, the strategic review and job...