More Data Breaches in Healthcare

News

In a significant development, health insurance giant Kaiser is set to inform millions of its customers about a data breach following the unintended sharing of patient data with advertisers. This incident highlights ongoing concerns around data privacy in the healthcare sector.

In funding news, several health tech companies have successfully raised capital to fuel their innovative projects. Blackrock Neurotech, a longstanding leader in brain-computer interface technology, has recently secured $200 million from stablecoin issuer Tether Holdings. This investment aims to advance solutions that enhance the quality of life for individuals with paralysis and other neurological conditions.

Meanwhile, Endeavor BioMedicines has garnered $132.5 million in Series C funding to advance its research on pulmonary fibrosis treatments. Notable investors such as AyurMaya and Fidelity participated in the funding round, demonstrating strong support for Endeavor’s mission.

Other companies making significant strides include Lumeris, which received $100 million to optimize patient care management, and Midi Health, which raised $60 million to expand its telehealth services for women undergoing perimenopause and menopause.

These developments underscore the health tech industry's dynamic growth and transformative potential as companies continue to attract significant investments to drive innovation and improve patient outcomes across various medical fields.

Funding

Blackrock Neurotech , a company established 16 years ago in Proto, UT, is dedicated to creating brain-computer interfaces that enable those with paralysis or various neurological disorders to operate digital devices and restore mobility. It has secured $200 million in funding from stablecoin issuer Tether Holdings.

Endeavor BioMedicines , a startup based in San Diego founded six years ago, focuses on developing medications for pulmonary fibrosis. The company recently secured $132.5 million in its Series C funding round. Notable investors in this round include AyurMaya, Fidelity, Invus, SymBiosis Capital Management, Velocity Capital, and Woodline Partners.

Lumeris , a company established 24 years ago in St. Louis, Missouri, offers services and technology to assist healthcare providers in efficiently managing patient care within value-based care agreements. Recently, they secured a $100 million funding round led by Deerfield Management, with participation from Endeavor Health and previous investors Kleiner Perkins, Sandbox Industries, BlueCross BlueShield Venture Partners, and JDLinx.

Midi Health , a startup headquartered in Menlo Park, California, and established three years ago, provides specialized telehealth services for women experiencing perimenopause and menopause. Recently, the company secured a $60 million extension in its Series B funding round. Emerson Collective led the deal, with support from previous investors GV and Memorial Hermann, SemperVirens, Felicis, Icon Ventures, Black Angel Group, Gingerbread Capital, Able Partners, G9, and Operator Collective. Midi Health has amassed $100 million in funding with this latest round.

Cerevance , a Boston-based startup established eight years ago, specializes in developing drugs for central nervous system diseases such as Parkinson's disease and schizophrenia. The company recently secured a $47 million Series B extension round. The funding was led by Agent Capital, Bioluminescence Ventures, and Double Point Ventures, with additional participation from MQB Partners.

PinkDx, Inc. , a startup headquartered in Daly City, CA, that creates diagnostic tools targeting women's health issues like gynecological cancer, has raised $40 million in a Series A funding round. The round was co-led by Catalio Capital Management and The Production Board, with additional investments from Mountain Group Partners, Byers Capital, and Mayo Clinic.

iVEAcare, Inc. , a Minneapolis startup founded just one year ago, specializes in creating neuromodulation devices that manage and treat various medical conditions by modulating nerve activity through electrical stimulation. Recently, the company secured a $27.5 million Series A funding round, with Ventana Capital taking the lead and participation from Treo Ventures and Hatteras Venture Partners.

Amae Health , a two-year-old startup based in San Francisco, integrates physical, behavioral, and social health services to offer comprehensive care to patients with severe mental illnesses and their families. The company recently raised $15 million in a Series A funding round. The round was led by Quiet Capital and included contributions from Healthier Capital, Baszucki Group, and Mike Volpi, along with continued support from previous investors such as Bling Capital, 8VC, Virtue, and Able Partners.

Summer Health , a startup headquartered in New York and established two years ago, provides a text-based pediatric care service. Parents can message pediatricians anytime to receive prompt responses to health queries about their children. Recently, the company secured an $11.7 million Series A funding round. 7wire Ventures and Lux Capital co-led the round, with participation from Sequoia Capital and Metrodora Ventures.

Alaffia Health , established three years ago in New York, utilizes advanced AI and machine learning technologies to detect and rectify medical billing inaccuracies, including fraud, waste, and abuse. Recently, the company secured a $10 million Series A funding round. FirstMark Capital led the round, with participation from GingerBread Capital and previous investors such as Anthemis, Aperture Venture Capital, 1984 Ventures, Remarkable Ventures, and Tau Ventures.

Transcripta Bio , a startup that develops software to analyze rare diseases and assess the potential of existing pharmaceuticals to treat them, has raised $10 million. Previous investors Jazz Venture Partners and BlueYard Capital co-led the funding round.

roclub , a Berlin-based startup operational for two years, recently raised $4.3 million in a seed funding round. The company's platform facilitates the remote control and operation of medical imaging devices, such as MRIs and CT scanners. Speedinvest led the investment round, with additional participation from FJ Labs and Better Ventures.

FlashAid , a Mumbai-based startup established four years ago, has raised $2.5 million. The company offers a platform that delivers on-demand healthcare services by connecting users with healthcare providers for diagnostics, teleconsultations, and home care. Piper Serica Angel Fund and SOSV co-led the funding round.

Handl Health , a startup based in Los Angeles and founded two years ago, aims to streamline healthcare pricing data to assist employers and insurance brokers in making well-informed decisions about healthcare plans and networks. Recently, the company secured a $2.4 million seed funding round. Mucker Capital and Everywhere VC led the deal, with contributions from Tau Ventures, Riverfront Ventures, DHVP, Boutique Venture Partners, Plug and Play Ventures, and Techstars.

Klineo , a Paris-based startup established three years ago, assists patients and their physicians in locating and enrolling in clinical trials that match their medical profiles. The company recently secured $2.1 million in funding, with BPI among the investors.

Prescriby , a startup based in Reykjavík and founded four years ago, has developed an app designed to monitor and manage medication adherence, focusing on addressing the opioid crisis. The company recently raised $2.1 million, with Crowberry Capital leading the investment round.