Editor’s Notice: This roundup is supposed to focus on a number of the most notable funding rounds of the month and isn’t supposed to be complete.
Well being tech firms made a number of main funding bulletins in October. Here’s a record of a number of the largest funding rounds.
ŌURA secures $900 million
ŌURA, which was based in Finland in 2013, provides a wearable good ring referred to as the Oura Ring, in addition to an accompanying app. The ring supplies personalised insights and steering on sleep, exercise, readiness, stress, resilience, girls’s well being and coronary heart well being. Individuals can purchase an Oura Ring beginning at $349.
The $900 million in funding was led by Constancy Administration & Analysis Firm and included participation from ICONIQ, Whale Rock and Atreides. Up to now, ŌURA has raised $1.5 billion, and the corporate is now valued at $11 billion. The financing can be used to advance AI and product innovation and broaden international distribution, the corporate beforehand instructed MedCity Information.
Lila Sciences secures $350 million Collection A
Lila Sciences is growing a “scientific superintelligence” platform that merges AI with autonomous labs to speed up scientific discovery. The corporate goals to allow sooner breakthroughs in medication, supplies and sustainability.
The corporate introduced its Collection A in two elements: first $235 million in September after which $115 million in October. Its buyers embody Braidwell, Collective World, NVentures (NVIDIA’s enterprise capital arm), Analog Gadgets, IQT, Dauntless Ventures, Catalio Capital Administration and Pennant Traders. In whole, the corporate has raised $550 million, which can be used to scale its AI-driven science factories and open its platform to business companions.
DUOS raises $130 million
Minneapolis-based DUOS helps sufferers and their caregivers by addressing health-related social wants and connecting members to care. DUOS reaches out to eligible well being plan members by way of textual content, e mail or mail to tell them of the profit and invite them to enroll. Members can then share their high social and care-related wants — comparable to entry to meals or transportation — and DUOS connects them with related sources and suppliers based mostly on their protection, location and particular person circumstances.
Its $130 million raise was led by FTV Capital and included participation from Forerunner Ventures. In whole, the corporate has raised $163 million. The funding can be used to advance its platform and enhance its AI capabilities.
MD Integrations snags $77 million
New York-based MD Integrations is a telehealth infrastructure firm that enables digital well being manufacturers to launch, function and scale digital care companies rapidly. It provides a nationwide community of docs and permits a wide range of specialties, together with weight administration, longevity, dermatology, girls’s well being, males’s well being and pressing care.
Its $77 million raise was from Updata Companions and Denali Development Companions. With the funding, the corporate will “proceed increasing its accomplice and buyer base with high-quality care, deepen its nationwide doctor community, broaden its pharmacy and diagnostics integrations, and speed up innovation on its extremely configurable, API-first platform,” the corporate stated in its announcement.
Photograph: nito100, Getty Photos
