Boston-based medical technology company Elucidateswhich offers AI-based imaging analysis software for cardiovascular diseases, announced that it has secured $80 million in Series C funding, bringing its total raise to $121 million.
Elevage Medical Technologies led the financing, with additional contributions from other investors.
The company will use these funds to expand the commercialization of its AI-based imaging analysis software.
“Elevage believes that leading this investment in Elucid is critical to supporting the development and commercialization of its revolutionary diagnostic tools,” Dr. Evan Melrose, CEO of Elevage, said in a statement. “We see a significant market need for AI-driven cardiovascular software and are excited to partner with Elucid to help improve the diagnosis and management of heart disease and benefit patients around the world.” »
Behavioral health startup Éléos Santé announced a $40 million Series B funding round for its AI-powered voice technology that collects information about a patient’s mental well-being. This fundraising brings the company’s total fundraising to $68 million.
Menlo Ventures led the round with participation from SamsungNEXT, ION, Eight Roads, Arkin Digital Health and F-Prime Capital. Existing investors aMoon and lool ventures also participated.
The company has created artificial intelligence voice tool that can work in the background of a mental health session. Clinicians can then use the platform’s AI capabilities to help them analyze their patients.
Eleos will use the funds to fuel product development, including the creation and improvement of AI solutions for group therapy sessions, case management, compliance automation, concurrent documentation and support for value-based care.
The company will also increase its workforce and develop strategic partnerships. The company said it plans to hire more than 50 people by the end of 2024.
“Clinician shortages, unsustainable caseloads and administrative burdens make it difficult for providers to meet demand,” Steve Sloane, partner at Menlo Ventures, said in a statement. “Eleos Health will fill this gap with a platform that combines unparalleled clinical expertise and an advanced AI platform built on a foundation of behavioral health-specific LLMs. Their goal is noble: to generate better outcomes for patients. And the data shows they’re already doing just that!”
Vida Healtha virtual chronic disease care platform, announced it has raised $28.5 million in funding led by existing investors Ally Bridge, Canvas Ventures, General Atlantic, Hercules Capital and others.
The company connects users with a personal health coach. The app offers various plans for many chronic physical and behavioral illnesses, including weight loss, diabetes management, and mental health support.
Health coaches tailor a user’s program based on data from labs, pharmacy claims, devices, biometrics and other sources reported by members.
The California-based company said it will use the funds to expand its reach and pursue growth opportunities, particularly in the GLP-1 market.
The company also announced the appointment of Joe Murad as its new president and CEO. Murad also joined Vida’s board of directors. He succeeds Stephanie Tilenius, who is stepping down as founder and CEO and will transition to an advisory role.
“Vida is experiencing significant momentum in its business, having delivered best-in-class clinical and financial results for its rapidly expanding portfolio of corporate and health plan clients with respect to cardiometabolic conditions. I am delighted to join the company at such a key time. in our growth trajectory and we look forward to building a close partnership with the Vida Board of Directors and exceptional team to further accelerate our business,” Murad said in a statement.
Forum, a platform that connects facilitators with people seeking support and offers virtual peer support groups, launched with $5.3 million in seed funding.
The round was led by NextView Ventures, with participation from Cue Ball Capital, MBX Capital, Sahil Bloom of SRB Ventures, Shaan Puri, City Light Capital and Romeen Sheth.
Forum offers peer groups for people seeking support with chronic illness, loneliness, grief, career, caregiving, addiction recovery, and relationships.
“I have seen first-hand the power of peer support groups to help people overcome challenges in their lives while creating a sense of community. Our vision is to create a world where peer support is accessible and affordable for everyone,” Dr Rajiv Kumar, co-founder and CEO of Forum, said in a statement. “The Forum provides a unique digital space for people to connect, heal and thrive together, without having to leave the comfort of their homes.”