Finance

Healthcare providers performing surgery on a patient with lights shining down from the ceiling
By  Jessica Hagen 05:18 pm October 13, 2023
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,...
Healthcare provider sitting in a chair at a desk with a computer on it while looking at a tablet
By  Jessica Hagen 01:20 pm October 12, 2023
Insurer Cigna's health services subsidiary Evernorth announced it acquired asynchronous platform Bright.md, which it will use to enhance the virtual care offerings of its portfolio company MDLIVE.  Portland-based Bright.md offers an automated patient intake and virtual care connection platform to improve efficiency for hybrid care providers and patients.  Through Bright.md's platform, patients...
Panelists in the Constellation Forum 2023
By  Nathan Eddy 03:25 pm October 10, 2023
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...
Two people standing in front of a window shaking hands with six other people watching
By  Jessica Hagen 11:34 am October 10, 2023
Hemant Taneja, CEO and managing director of venture capital firm General Catalyst, and Dr. Marc Harrison, former CEO of Intermountain Health, announced the formation of a new business venture owned by General Catalyst dubbed the Health Assurance Transformation Corporation (HATCo) that will see Harrison as its CEO. The pair also announced the intent to buy a health system that will put technology...
Pregnant person sitting in a chair looking at a tablet
By  Jessica Hagen 12:49 pm October 6, 2023
Maternity-focused digital health company Diana Health secured $34 million in Series B funding led by Norwest Ventures Partners, bringing its total raise to $46 million.  Existing investors LRVHealth and .406 Ventures participated in the round, as did AlleyCorp.  WHAT IT DOES The New York-based company partners with hospitals and health systems to offer tech-enabled OB-GYN and women's health...
Healthcare provider sitting at a desk while looking at a tablet
By  Jessica Hagen 04:32 pm October 3, 2023
India-based Doceree, a programmatic marketing platform for pharmaceutical and life sciences companies to reach healthcare professionals, announced it scored $35 million in Series B funding led by Creaegis. Existing investors F-Prime Capital and Eight Roads Ventures also participated in the round. The company, founded in 2019, will use the funds to expand its workforce, speed up product...
A person standing up, holding paperwork watching something while two other people are sitting and one other person has their back turned
By  Jessica Hagen 01:40 pm September 27, 2023
Virgin Pulse, a mobile-first employee wellness and engagement company, announced its intent to merge with HealthComp, a benefits and analytics platform, to create a technology and data-enabled healthcare service for employers.  The reported $3 billion deal, first reported in the Wall Street Journal, will form a combined entity that utilizes technology and an AI-enabled data platform to deliver...
A healthcare provider with scrubs on sitting next to an oncology patient wearing a head scarf
By  Jessica Hagen 11:33 am September 26, 2023
Cancer detection technology startup Adela announced it secured $48 million in funding, bringing its total raise to $108 million.   Labcorp joined the round as a new investor alongside existing investors OrbiMed, Decheng Capital, F-Prime Capital, Deerfield Management and RA Capital Management.  Adela also named Lisa Alderson as its interim CEO. Alderson has served on the company's board of...
Diligent Robotics cofounders Andrea Thomaz and Vivian Chu with the Moxi robot
By  Jessica Hagen 05:34 pm September 22, 2023
Diligent Robotics, maker of the autonomous clinical support robot Moxi, announced it scored $25 million in new funding.  Canaan led the round, with participation from existing investors DNX Ventures, True Ventures and Next Coast Ventures, and new investor Northwestern Medicine Innovation.  Rich Boyle, general partner at Canaan, will join Diligent Robotics' board of directors.  WHAT THEY DO...
Healthcare providers standing next to each other while wearing blue scrubs and looking at a tablet
By  Jessica Hagen 01:00 pm September 21, 2023
California-based real-world data platform Atropos Health announced it completed a strategic financing round with participation from Sumitomo Corporation Venture Group's Presidio Ventures, Samsung Next, Audere Capital, Gaingels and other investors.  WHAT IT DOES Atropos Health offers AI innovations, evidence generation, analytics augmentation and data evaluation to help physicians access real-...