VR behavioral health platform BehaVR is merging with virtual chronic care-management company Fern Health to form RealizedCare, a digital care-management platform for chronic pain powered by digital therapeutics.
BehaVR developed mental and behavioral health prescription digital therapeutics, which include treatments for pain, stress, anxiety and addiction. The Tennessee-based company also...
Cytovale, a medical diagnostics company focused on developing technology that helps diagnose diseases, announced that it has scored $84 million in Series C funding, led by Norwest Venture Partners, with participation from other investors.
WHAT IT DOES
Cytovale offers its diagnostic test, IntelliSep, which received FDA 510(k) clearance last year. The test aims to assist in the early detection of...
Neurophet scores $15M in Series C funding, announces 2024 IPO
South Korean company Neurophet, a provider of brain image analysis software, has raised 20 billion won ($15 million) in a Series C funding round participated by institutional investors, such as KB Securities, Mirae Asset Securities, and IBK Industrial Bank of Korea.
This brings its total investments since its founding in 2016 to 50...
Shareholders of KOSDAQ-listed Lunit have recently participated in the company's recent capital raise, paying-in $150 million to fund its development of "next-generation" products and further expansion in the West.
Meanwhile, the AI cancer diagnostics solutions provider obtained its third 510(k) clearance from the United States Food and Drug Administration.
WHAT IT'S FOR
In a company disclosure,...
Melbourne-based health tech startup Heidi Health has raised A$10 million ($6.5 million) in a Series A funding round led by Blackbird Ventures.
Hostplus, Hesta, Wormhole Capital, Archangel Ventures, Possible Ventures and Saniel Ventures also participated in this investing round.
This brings its total investments to date to A$15 million ($9.7 million); Blackbird Ventures also led its seed funding...
Akili, the company behind a video game-like prescription digital therapeutic for children with ADHD, reported a rise in third-quarter revenue to $702,000, from $114,000 in the second quarter of this year, which the company attributes to the continued growth of its adult ADHD offering EndeavorOTC.
The company reported total operating expenses of $18.8 million for the third quarter, compared to $15...
Boston-based medical technology company Elucid, which offers AI-enabled imaging analysis software for cardiovascular disease, announced that it has scored $80 million in Series C funding, bringing its total raise to $121 million.
Elevage Medical Technologies led the funding, with additional contributions from other investors.
The company will use the funds to expand the commercialization of its...
Editor's note: This story has been updated with a comment from Philips.
Royal Philips received an additional $44.6 million from the Bill and Melinda Gates Foundation, bringing its total received to $60 million, to support the global deployment of the tech giant's AI-enabled, FDA-cleared Lumify Ultrasound System.
In 2021, Philips received an initial grant of $15.4 million from the Gates...
Direct-to-consumer virtual care company Hims & Hers Health reported 57% year-over-year revenue in the third quarter of this year at $226.7 million, compared to $144.8 million in the same period last year.
Net loss was $7.6 million in Q3 this year, down from $18.8 million in Q3 last year, and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $12.3 million,...
Jolly Good developing CBT VR for Apple Vision Pro
Japanese medical VR provider Jolly Good has announced that it is developing a virtual reality-based cognitive behavioural therapy (CBT) programme for the spatial computer Apple Vision Pro.
The CBT VR on the Apple Vision Pro is intended to complement chronic pain treatment using opioids or serve as an alternative non-drug therapy. Similar VR-based...
