Investors

By Dave Muoio 03:50 pm November 7, 2019
AiCure, a nearly decade-old startup using artificial intelligence to measure medication adherence and other behavior during clinical trials or normal care, has brought in $24.5 million in Series C funding. Palisades Growth Capital led the raise, which also featured new backers Singtel Innov8, Asahi Kasei Corporation, Accelmed Growth Partners, and SpringRock Ventures. The round also included all...
By Dave Muoio 02:33 pm November 7, 2019
Fitbit’s year-over-year device sales flatlined in Q3 2019, which combined with lower sales tag prices drove a decline in revenue, according to the wearables maker’s latest quarterly earnings. The reporting — which was bereft of an investor’s call, Q&A and any forward-looking statements due to the company’s pending acquisition — is the latest look at a wearables business Google apparently...
By Dave Muoio 10:34 am November 7, 2019
Telehealth giant American Well has struck a deal to acquire Aligned Telehealth, a vendor of telepsychiatry and behavioral health that services providers and payers. American Well says that this move will make it the largest enterprise telepsychiatry platform operating in the US. At this time, the companies are not sharing any terms of the deal such as its price, official effective date or whether...
By Dave Muoio 11:20 am November 6, 2019
Boston-based PathAI, maker of artificial intelligence tools for pathology, has capped off its Series B funding round with a $15 million strategic investment from the Merck Global Health Innovation Fund and Bristol-Myers Squibb. This raise brings the startup’s full round to $75 million, and its total funding to just over $90 million. WHAT THEY DO PathAI’s platform employs convolutional neural...
By Laura Lovett 03:58 pm November 5, 2019
This morning Medopad, an artificial intelligence-enabled patient data collection and analytics platform, landed $25 million in Series B funding. The last round was led by pharma giant Bayer’s venture capital branch Leaps by Bayer.  This new announcement brings the UK-based company’s total funding to $50 million, and comes roughly a year and a half after it closed its $28 million Series A round....
By Dave Muoio 02:41 pm November 5, 2019
Scanwell Health, maker of a smartphone-based platform for home urinary tract infection screening, has raised $3.5 million in seed funding. Founders Fund, Mayfield, DCM, Version One, Y Combinator and Liquid 2 Ventures all participated in the round. The startup paired this announcement with the reveal of a new partnership with telehealth service Lemonaid Health that will bring its UTI platform to...
By Laura Lovett and Dave Muoio 09:53 am November 1, 2019
After a month of rumors, this morning Google and Fitbit announced that the former has officially purchased the wearable giant for roughly $2.1 billion, or $7.35 per share, in cash. Fitbit stressed that its devices will remain platform-agnostic across the Android and iOS ecosystems. Still, a blog post from Google discussing the acquisition made it clear that we can also expect to see some Google...
By Dave Muoio 01:48 pm October 31, 2019
Roughly two years after the fact, digital healthcare advertiser Outcome Health is finally closing the loop on its ad fraud scandal. Yesterday the Chicago-based company and the US Department of Justice announced a $70 million settlement alongside an admission that the company’s former executives and employees sold falsified advertising inventory from 2012 to 2017. “Outcome Health deceived its...
By Dave Muoio 04:06 pm October 30, 2019
Mirror, a fitness content streaming device that users can hang and use like a traditional full-length mirror, has raised $34 million more in a Series B-1 funding round headed by Point72 Ventures. Others now backing the startup include athletic apparel retailer lululemon, LionTree LLC and individual backers including Karlie Kloss, Kevin Huvane and Steve Lockshin. Prior investors Spark Capital and...
By Laura Lovett 01:35 pm October 30, 2019
This morning FundamentalVR, a digital health company that uses virtual reality to help train clinicians, closed a $5.67 million Series A round. Downing Ventures led the round with participation from Tern PLC, Epic Private Equity and Brighteye Ventures. Approximately $600,000 of that funding came in the form of a convertible loan note.  WHAT IS THIS FundamentalVR’s surgical training platform...