Virtual speech therapy provider Expressable announced it secured $26 million in Series B funding.
HarbourVest Partners led the round with participation from Digitalis Ventures and existing investors F-Prime Capital and Lerer Hippeau.
WHAT IT DOES
The Texas-based company offers virtual care sessions for patients and families to connect with a licensed and certified speech therapist based on their...
Seoul-based medical equipment maker Samsung Medison has recently agreed to fully purchase Sonio, a foetal ultrasound AI company in France, for 126 billion won ($92 million).
The four-year-old French startup has been developing IT solutions for obstetrics and gynaecology ultrasound, assisting medical professionals in documenting and evaluating ultrasound examinations.
Last year, it obtained the...
Truveris, a health technology company focused on decreasing prescription costs for employers and their members, announced it had secured $15 million in Series E investment.
Existing investors Canaan Partners and New Leaf Venture Partners led the round.
WHAT IT DOES
The company provides technology to help employers secure lower drug pricing plans. Its software also allows sponsors to garner...
San Francisco-based AI-enabled ambient automation platform Augmedix saw its stock price drop more than 40% after reporting it observed a slowdown in provider purchasing commitments and downgrading its 2024 full-year revenue outlook from $60 to $62 million to $52 to $55 million.
Still, the company beat estimates of its revenue growth, with a 40% increase in the first quarter, to $13.5 million,...
GenAI radiology workflow company Rad AI announced it secured $50 million in Series B funding led by Khosla Ventures, bringing the company's total raise to more than $80 million.
WiL (World Innovation Lab) participated in the round, alongside existing investors OCV Partners, Gradient Ventures (Google's AI-focused fund), Kickstart Fund and ARTIS Ventures.
Rad AI offers radiologists generative AI...
Syra Health, a healthcare technology company that provides tools to analyze population health, reported revenue of $1.7 million in the first quarter of 2024, compared to $1.2 million in the same period last year.
The company noted that its strong growth was due to its Population Health offering, which grew 212% year over year, and the growth of its Healthcare Workforce solutions, which grew 28%...
Teletherapy company Talkspace reported its first quarter financial results for the year, showing a 36% increase in revenue over the prior-year period, to $45.4 million, and a 30% increase in gross profit to $21.7 million.
Operating expenses were down 9% from the prior year to $23.4 million, while payor revenue increased 92% from the first quarter of 2023, and direct-to-enterprise revenue...
Healthcare-focused cybersecurity company Blackwell Security has secured $13 million in a funding round led by General Catalyst and Rally Ventures.
The company, which is a co-creation from General Catalyst and Rally Ventures, also hired Geyer Jones as its first chief executive officer. Jones previously served as chief operating officer at healthcare IoT security company Cylera and chief strategy...
Transcarent, a digital platform focused on the self-insured employer market, announced it secured a $126 million Series D investment. The funds bring the unicorn company's total raise to $450 million and valuation to $2.2 billion.
General Catalyst and 7wireVentures led the round, with participation from new investors Memorial Hermann Health System and Geodesic Capital.
Former investors Human...
New York City-based startup Trovo Health, which offers an AI-powered platform backed by a multidisciplinary clinical team that assists providers with complex tasks, announced its launch with $15 million in seed funding.
Oak HC/FT led the round. Cofounder and managing partner at Oak HC/FT, Andrew Adams, will join Trovo's board of directors.
The company will use the funds to build its technology...
