IBM Watson

By Jonah Comstock June 22, 2015
A recent column in the Harvard Business Review says that two kinds of business strategies will dominate in the gold rush-like healthcare economy of the future: Goldminers and Bartenders. "The Goldminer strategy will typically involve vertically integrated players (large institutions like insurers, hospitals, and physicians’ groups) creating medical value by better managing the health of the...
By Aditi Pai May 27, 2015
Denver, Colorado-based Welltok, the health management company that makes the CafeWell Health Optimization Platform, has raised $21.3 million in a mix of equity and security, according to an SEC filing. This brings the company's total funding to at least $94 million to date. Existing investors include Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise...
By Jonah Comstock May 11, 2015
Since IBM launched its Watson Health business unit last month, the company has been busy, announcing a flurry of partnerships and deployments of its cognitive computing software in different sectors of the healthcare industry. Most of these announcements came out at the World of Watson symposium the company recently held in New York City. Here's a roundup of what Watson has been up to. IBM Watson...
By Jonah Comstock April 14, 2015
IBM Watson has taken a giant step deeper into the healthcare industry with the formation of a new business unit called Watson Health and a new cloud offering called the Watson Health Cloud. The move also includes some big name partners -- Apple, Johnson and Johnson, and Medtronic -- and two acquisitions: Cleveland-based Explorys and Dallas-based Phytel. Watson has been involved in healthcare...
By Jonah Comstock March 19, 2015
Modernizing Medicine has secured a $5 million investment, completing the $20 million funding round the company began last November. One of the investors in the round was IBM, through its $100 million fund to seed Watson innovations. The company is not disclosing the other investors. This investment brings the Modernizing Medicine's total funding to $49 million. As we reported last fall, ...
By Jonah Comstock November 12, 2014
Boca Raton, Florida-based Modernizing Medicine has raised $15 million from existing investors, the company announced yesterday. The round was led by Summit Partners and Pentland Group, both of which contributed to the company's previous $14 million round in August 2013. Modernizing Medicine makes a mobile-based electronic health record targeted at specialists called EMA (electronic medical...
By Jonah Comstock September 29, 2014
IBM's Watson, a cognitive computing system originally designed to vanquish human competitors on Jeopardy in 2011, has been winding its way into more and more healthcare and health-related use cases. But like most novel technologies, a number of people still don't understand exactly what Watson is or does -- or what IBM's roadmap for the technology is. On the sidelines of the Health 2.0 event in...
By Jonah Comstock September 25, 2014
Kaiser Permanente CEO Bernard Tyson believes three major trends are driving changes in the healthcare system, he said during his keynote on the final day of the Health 2.0 event in Santa Clara, California. Those include a shift to holistic, lifelong care; the rise of the patient as active healthcare consumer; and the decentralization of healthcare. "Eventually, as we disrupt the healthcare system...
By Jonah Comstock July 17, 2014
When it comes to tech partnerships, it's hard to imagine one more hard-hitting than Apple and IBM, two companies who announced this week that they would be collaborating on enterprise software for iPhones and iPads. Apple is also rolling out a new customer service and support offering specifically for enterprise customers. "The landmark partnership aims to redefine the way work will get done,...
By Aditi Pai March 19, 2014
Health management platform provider Welltok announced the acquisition of wellness app maker Mindbloom today. Welltok will incorporate Mindbloom into its CafeWell Health Optimization Platform. Financial details of the transaction were not released. Since its founding in 2008, Mindbloom has disclosed about $1.8 million in funding from Seattle-area angel investors. "Welltok, for some time, has been...