India-based ABM Respiratory Care (ABMRC), a medical technology company involved in airway clearance and ventilation, announced the close of its Series B financing round, raising $14.8 million, $2.8 million above the company’s $12 million target.  Peter Soderberg, ABMRC’s chairman of the board and managing partner of Worthy Venture Resources, led the oversubscribed round, with participation […]

Melbourne-based startup Lyrebird Health has recently raised $12 million in new funding from a venture round led by Five V Capital and United Kingdom-based Octopus Ventures, with participation from Startmate.  Launched in 2023, it offers a generative AI-powered clinical documentation tool for general practitioners. Its AI scribe has been integrated into market-leading EMR systems in

Sword Health, which touts itself as shifting healthcare from human-first to AI-first through its AI care program, announced it has raised $40 million, bringing its total funding to $380 million and its valuation to $4 billion.  The round was led by existing investor General Catalyst, with participation from Comcast Ventures, Oxy Capital, Khosla Ventures, Indico

Layer Health, an AI-enabled chart review company, announced it will receive a strategic investment from Intermountain Heath’s investment arm, Intermountain Ventures, and Intermountain Health will become an innovation partner and early user of Layer Health’s AI-powered chart review platform. The two companies are engaged in a multi-year venture to deploy Layer Health’s AI platform across

Cancer research organization City of Hope has co-led a study to show that characterizing genetic material close to chromosomes predicts how mutated, cancer-causing genes reprogram DNA and alter the tumor microenvironment.  City of Hope said the new brain cancer research provides foundational knowledge with the potential to enhance the practice of precision medicine, enabling oncologists

Editor’s note: While Nissan Elimelech founded Augmedics and invented its foundational technology, he is no longer affiliated with or represents the company. In 2014, Nissan Elimelech founded Augmedics, the company behind an augmented reality surgical navigation platform for spine procedures. He is credited with developing the xvision Spine System, which uses a transparent near-eye display

In recent years, clinical documentation improvement tools have increasingly become a staple companion for doctors. This assistive tool, which is helping address clinician burnout, has evolved from just automating transcriptions during clinical encounters or consultations to also being capable of ambiently listening in the background and providing smart recommendations, all powered by AI. The adoption

InSilicoTrials, a health tech company that develops AI-based simulation to predict drug safety and efficacy in the drug development process, announced it has been accepted into the Microsoft for Startups Pegasus Program.  The Microsoft for Startups Pegasus Program is an invitation-only program intended to accelerate the expansion of high-potential startups. It links growth-stage companies with

Anne Wojcicki, cofounder and former CEO of 23andMe, will regain control of the company after her nonprofit, TTAM Research Institute, agreed to purchase nearly all of its assets for $305 million. In March, 23andMe filed for Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Missouri to facilitate a sales process.  At

Tombot, a California-based robotics company that makes a robotic puppy that serves as a companion animal for people who cannot care for a live animal, announced that it has closed an oversubscribed $6.1 million Series A funding round. The round was led by Caduceus Capital Partners with participation by new and existing investors. WHAT IT