Mendel raises $18M to tease out data structure from medicine’s disparate document trove

Mendel AI

Today, a startup called Mendel, which has built an AI platform both to ingest and bring order to that body of information, is announcing $18 million in funding to continue its growth and to build out what it describes as a “clinical data marketplace” for people not just to organize, but also to share and exchange that data for research purposes. It’s also going to be using the funding to hire more talent — technical and support — for its two offices, in San Jose, CA and Cairo, Egypt.

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Ada Health closes $90M Series B led by Leaps by Bayer

ada health

The digital health space continues cooking on gas: Berlin-based Ada Health has closed a $90M Series B round of funding led by Leaps by Bayer, the impact investment arm of the German multinational pharma giant, Bayer AG. Other investors in the round include Samsung Catalyst Fund, Vitruvian Partners, Inteligo Bank, F4 and Mutschler Ventures.

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Huma, which uses AI and biomarkers to monitor patients and for medical research, raises $130M

Huma

Huma, which combines data from biomarkers with predictive algorithms both to help monitor patients, and uses the same technology to help researchers and pharmaceutical companies run clinical trials, has closed an equity round of $130 million, a Series C that the company can extend to $200 million by way of a $70 million debt line if it chooses.

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Elderly caretech platform Birdie gets $11.5M Series A led by Index

Birdie

SaaS-maker Birdie has closed an $11.5 million Series A round of funding led by Index Ventures. Existing investor Kamet Ventures also participated. The UK-based caretech startup has raised a total of $22.9M since being founded back in 2017 (a 2018 raise that was called a Series A at the time is now being classed as a seed expansion). It’s focused on building tools for social care providers to drive efficiencies in a chronically under resourced sector.

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Personalized nutrition startup Zoe closes out Series B at $53M total raise

Zoe Nutrition

Personalized nutrition startup Zoe — named not for a person but after the Greek word for ‘life’ — has topped up its Series B round with $20M, bringing the total raised to $53M.

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Kaia Health grabs $75M on surging interest in its virtual therapies for chronic pain and COPD

Kaia health

New York headquartered Kaia Health, which offers AI-assisted digital therapies via a mobile app for chronic pain related to musculoskeletal (MSK) disorders and for Chronic Obstructive Pulmonary Disease (COPD), has raised a $75 million Series C. The round was led by an unnamed leading growth equity fund with support from existing investors, including Optum Ventures, Eurazeo, 3VC, Balderton Capital, Heartcore Capital, Symphony Ventures (golfer Rory McIlroy’s investment vehicle), and A Round Capital.

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Kry closes $312M Series D after use of its telehealth tools grows 100% yoy

Kry

Swedish digital health startup Kry, which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. Today it’s announcing an oversubscribed sequel: The Series D raise clocks in at $312M (€262M) and will be used to keep stepping on the growth gas in the region.

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Medchart raises $17M to help businesses more easily access patient-authorized health data

Medchart team

Medchart provides access to health information between businesses, complete with informed patient consent, for using said data at scale. The startup just raised $17 million across Series A and seed rounds, led by Crosslink Capital and Golden Ventures, and including funding from Stanford Law School, rapper Nas and others.

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C2i, a genomics SaaS product to detect traces of cancer, raises $100M Series B

c2i Genomics

If you or a loved one has ever undergone a tumor removal as part of cancer treatment, you’re likely familiar with the period of uncertainty and fear that follows. Will the cancer return, and if so, will the doctors catch it at an early enough stage? C2i Genomics has developed software that’s 100x more sensitive in detecting residual disease, and investors are pouncing on the potential. Today, C2i announced a $100 million Series B led by Casdin Capital. 

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UK’s MHRA says it has ‘concerns’ about Babylon Health — and flags legal gap around triage chatbots

Doctor on Tablet

The UK’s medical device regulator has admitted it has concerns about VC-backed AI chatbot maker Babylon Health. It made the admission in a letter sent to a clinician who’s been raising the alarm about Babylon’s approach toward patient safety and corporate governance since 2017. The HSJ reported on the MHRA’s letter to Dr David Watkins […]

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Foresite Capital raises $969 million fund to invest in healthcare startups across all stages of growth

Foresight Healthcare

Health and life science specialist investment firm Foresite Capital has raised a new fund, its fifth to date, totally $969 million in commitments from LPs. This is the firm’s largest fund to date, and was oversubscribed relative to its original target according to fund CEO and founder Dr. Jim Tananbaum, who told me that while […]

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Impact of Robotic Technology on Healthcare Industry

Robot Healthcare

The whole idea of robots in hospitals is not new for healthcare professionals. The idea of using robotic technologies in healthcare evolved in 1985. It started when healthcare planned to transform robots into precise machinery for surgery. “The idea came into reality in early 2000 with the invention of the DaVinci robot. Hospital management software and robotic technologies are proof of how technologies have evolved.” According to research conducted by Credence, the global market of medical robotics will grow to USD 20 billion by 2023.  

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Insightin Health raises $12 million for AI that uses big data to guide patients’ decisions

HP Health

Insightin Health, a company delivering personalized health care experiences for members, today announced it has raised $12 million. A spokesperson told VentureBeat the round will support Insightin Health’s plan to bring on more plan providers that service primarily Medicare, Medicaid, and accountable care organization members.

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Garner raises $12 million to match employees with ‘high-performing’ doctors

Man holding model heart

Garner Health, a platform that uses metrics and data to match employers and employees with doctors, today announced that it raised $12 million. The company says the proceeds will be put toward customer acquisition and the expansion of its team as Garner looks to further develop its cloud-hosted products.

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New self-supervised AI models scan X-rays to predict prognosis of COVID-19 patients

x-ray image

Researchers from Facebook and NYU Langone Health have created AI models that scan X-rays to predict how a COVID-19 patient’s condition will develop. The team says that their system can forecast whether a patient may need more intensive care resources up to four days in advance. They believe hospitals could use it to anticipate demand for resources and avoid sending at-risk patients home too early.

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