Covera Health, an AI-enabled clinical data analysis company focused on improving radiology readings, announced it secured an additional $50 million in Series C funding and finalized its acquisition of CoRead, which uses AI to flag medical errors on radiology examinations.
The funds add to the company's $25 million Series C round announced in 2021.
Insight Partners led the 2021 round and the...
GE HealthCare reported its third-quarter earnings today, noting revenue of $4.8 billion, a 5% year-over-year revenue growth and 6% organic revenue growth, seeing its stock price rise.
The company, which officially spun out of GE earlier this year, reported $375 million in net income compared to $487 million compared to the prior-year period, with a net income margin of 7.8% versus 10.6%,...
Healthcare data and analytics and tech-enabled services will be the sectors most impacted by generative AI, according to a survey by investment firm GSR Ventures.
The survey, which included responses from more than 40 healthcare technology venture capitalists, found that over 71% believe ChatGAPT/GenAI changes their investment strategy "somewhat" or "a little." In contrast, 12% say it affects...
Israel has long been a hub for healthcare innovation. Since the war began in early October, many of the country's high-skilled tech workers have been recruited by the military. The startup landscape has changed, and companies are struggling to retain the traction they once had in furthering their innovations and garnering investment, says Eli Levin, who works on economic affairs and innovation...
Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, announced a five-year co-development collaboration with Forest Neurotech, a tech-enabled research company building a device for stimulating and imaging the brain with ultrasound, to develop a whole-brain neural interface utilizing Butterfly's Ultrasound-on-Chip technology.
The Massachusetts-based company's Ultrasound...
Senior care technology platform Sage raised $15 million in a Series A funding round led by Maveron.
Distributed Ventures, ANIMO Ventures and Goldcrest Capital also participated in the round. Natalie Dillion, partner at Maveron, will join Sage's board of directors.
Sage offers a coordinated-care platform for senior living communities that allows residents and their caregivers to connect with...
Global healthcare investment firm OrbiMed announced it raised more than $4.3 billion in commitments for its private investment funds – OrbiMed Asia Partners V, OrbiMed Royalty & Credit Opportunities IV and OrbiMed Private Investments IX.
A range of university endowments, pension funds, medical institutions, foundations, family offices and sovereign wealth funds invested in the funds.
WHAT IT...
Mesh Bio secures funding for refining digital twin engine
Singaporean startup Mesh Bio has received undisclosed funding from East Ventures to assist with its regional expansion.
The company is currently working on a digital twin solution for managing rising cases of chronic diseases, particularly in Southeast Asia, where 62% of all deaths in the region are due to non-communicable conditions. Mesh...
Boston-based virtual reality platform XRHealth announced it distributed hundreds of virtual reality headsets across 30 hospitals, assisted living and mental health centers, and nursing homes in Israel to assist patients suffering from stress, PTSD and anxiety.
XRHealth's platform allows patients to receive recommended therapies for mental and physical conditions via a virtual reality headset....
Ventricle Health, a virtual platform focused on cardiac care, secured $8 million in seed funding led by RA Capital Management with participation from Waterline Ventures alongside other investors.
The company offers value-based home and virtual cardiology care in support of Accountable Care Organizations, primary care practices and partners in Florida, Texas, Ohio and the Mid-Atlantic region. ...
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