Investing
Brain-computer interface company Precision Neuroscience scores $41M and more digital health fundings
AI-based drug discovery platform Atomic AI, senior lifestyle company Mighty Health, Lithuania-based Oxipit and cybersecurity firm MedCrypt also closed funding rounds.
Jonathan Norris, managing director for business development in Silicon Valley Bank's healthcare practice, explains why early-stage investments continued last year even as overall funding fell.
Also, a new AI-powered health supplement app has gone live in South Korea.
Maternity care clinic Oula raised $19.1 million, male fertility startup Posterity Health brought in $7.5 million and AI platform Ferrum Health scooped up $6 million.
The Dallas-based company said the investment brings its valuation to more than $2 billion.
Also, Dozee has received capital backing from British International Investment for its hospital bed upgrade project.
Veradigm is also keen on bringing its behavioural health data to Holmusk's rapidly growing database.
Food delivery company ModifyHealth scooped up $10 million, and Censinet, developer of healthcare cybersecurity software, raised $9 million.
The investment, a mix of equity and debt, will go toward company growth and product development.
The Series D funding round announcement follows CEO Eren Bali's Twitter post on Friday that reported a second round of layoffs affecting more than 200 people.