Speedoc, a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding. The round included Bertelsmann Investments, Shinhan Venture Investment and Mars Growth. Returning investor Vertex Ventures Southeast Asia and India, which led Speedoc’s $5 million Series A in 2020, also participated. Based in Singapore, Speedoc was founded […]
Stability AI, the venture-backed startup behind the text-to-image AI system Stable Diffusion, is funding a wide-ranging effort to apply AI to the frontiers of biotech. Called OpenBioML, the endeavor’s first projects will focus on machine learning based approaches to DNA sequencing, protein folding, and computational biochemistry. The company’s founders describe OpenBioML as an “open research […]
As a young boy growing up in Michigan, Robbie Felton went on home visits with his geriatric social worker mother. Seeing low-income, elderly and disabled patients so vulnerable stuck with Felton. As a student at Brown University, he became interested in how Medicare and Medicaid integrate to take care of these patient populations — so […]
The cervix industry has had implants to prevent pregnancy since the late 1960s, but there hasn’t exactly been stiff competition to slow down the fallopian swim team at its source. In fact, Contraline claims it is the first major innovation in this space since the vasectomy was performed on a human some 125 years ago. […]
Omar Khalil is a partner at Santé Ventures, where he focuses primarily on biotechnology and medical technology companies. The unprecedented explosion of investment in life sciences over the past decade has resulted in incredible new therapies for patients, strong financial returns for companies and an overall increase in translational research, which is critical to advancing […]
Medical devices and robots have been making their way into operating rooms in an increasing number of procedures. Now a new robot is trying to forge its path in the OR and assist surgeons who don’t yet have that advantage. “There are surgeons out there that have really no robotic assistance at all,” said Bruce […]
It’s been a strange couple of months at African genomics startup 54gene. In August, it sacked 95 employees, mostly contract staff (in labs and sales departments) hired to work in 54gene’s COVID business line launched in 2020. In September, co-founder and VP of Engineering Ogochukwu Francis Osifo left the company. And this week, founder and […]
On the heels of the Biden administration’s decision to impose sweeping chip sanctions on China, there are signs that China might also lose access to other types of critical U.S. technologies including biotechnology, an area that has historically seen close cooperation between the two countries. Areas “on my radar” for possible additional export controls include […]
Navina, a company developing AI-powered assistant software for physicians, today announced that it raised $22 million in Series B funding led by ALIVE with participation from Grove Ventures, Vertex Ventures Israel and Schusterman Family Investments. Bringing the startup’s total raised to $44 million, inclusive of a grant from the Israeli Innovation Authority, the proceeds will […]
Healthcare benefits are great, but navigating them often isn’t. HealthJoy wants to make the experience more seamless for employees, while helping HR departments reduce the number of underutilized benefits. The Chicago-based company announced today it has raised $60 million in Series D funding, led by Valspring Capital with participation from Endeavor Vision and CIBC Innovation […]
