CyberMDX has announced it has raised $10 million in series A financing. The funding round was led by Pitango Venture Capital. CyberMDX, based in New York, is a provider of medical cybersecurity....By: McGuireWoods LLP.
It's a good time to be a healthcare or biotech startup. In the first half of 2018, healthcare startups raised $15 billion in funding, the most raised in the first half of the year in the last decade, according to Forbes. By July, a new crop of unicorns -- startups with valuations over $1 billion -- were born, while others increased their already billion-dollar valuations. From companies harnessing the plant microbiome to buzzy biotechs working on cutting-edge technology, here are the US and United Kingdom-based unicorns to keep an eye on for the rest of 2018, according to data from PitchBook.
* IHH will invest 40 bln rupees at 170 rupees/shr for 31 pct stake. : MUMBAI/KUALA LUMPUR (Reuters) - Malaysia's IHH Healthcare Bhd (IHHH.KL) is set to take control of India's Fortis Healthcare (FOHE.NS) after its bid of up to $1.1 billion was chosen over a rival's, giving it ownership of over 30 hospitals amid a private healthcare boom in India. IHH's 170 rupees per share offer for as much as 57 percent of Fortis was chosen on Friday over a joint bid from Indian firm Manipal Health Enterprises Ltd and U.S. private equity firm TPG Capital [TPG.UL].
As well as being able to load content faster than ever before, you'll now find it's much easier to find all the content you need about the Asian business world. TSUKUBA, Japan -- Cyberdyne, the developer of robot suit Hal, announced on Thursday that it has set up a fund to support tech-specialist startups.
Lumiata Raises $11m To Accelerate Ai Powered Health Analytics For Improving Healthcare, Introduces Ceo Dilawar Syed
Lumiata Raises $11 Million to Accelerate AI Powered Health Analytics for Improving Healthcare, Introduces CEO Dilawar SyedFunding from Khosla Ventures, BlueCross BlueShield Venture Partners, and Intel Capital to fuel transformation of healthcare across insurers, providers and employers through predictive analytics SAN MATEO, Calif., July 11, 2018-- Lumiata, a provider of AI-powered health analytics for managing cost and risk, today announced it has closed $11 million in new funding co-led by Khosla Ventures and BlueCross BlueShield Venture Partners. The investment was secured under the leadership of Dilawar Syed, who was appointed CEO by the company's board of directors in April.
In the second quarter alone, $5.3 billion in venture capital was invested in 216 healthcare deals, placing the sector at number two on the list of the top five fundraisers. And all signs are pointing to continued investor enthusiasm for the sector.
In addition to $50 million, TPG had made an initial investment of $68 million on the asset, says Vishal Bali, executive chairman, Asia Healthcare Holdings.
Two men stood out when it came to healthcare last week. One put a billion dollars on the line as part of a bold vision for the future of treatment and medicine. The other told the same old lies. The former was Amazon's Jeff Bezos, who shelled out big bucks for the online pharmacy PillPack. This...
30Ventures, one of the newest additions to Wisconsin's venture capital scene, quietly revealed plans this week to raise up to $15 million for its debut fund, which will back healthcare and water and chemistry-related technologies in the Midwest. The Madison, WI-based firm disclosed fundraising details in a document filed with federal securities regulators on Thursday. [...]
Alta Partners, a healthcare-focused venture firm, has raised $130 million for its new fund. Alta Partners NextGen Fund I LP will focus on developing novel biotherapeutics and technology-enabled healthcare [...]