Manas AI, an AI-driven drug discovery platform, has launched with $24.6 million in seed funding in a round co-led by General Catalyst and LinkedIn cofounder Reid Hoffman.
Greylock and other strategic investors participated in the round.
LinkedIn cofounder Reid Hoffman and Dr. Siddhartha Mukherjee, an oncologist, researcher and author, founded Manas AI.
WHAT IT DOES
Manas AI is a drug discovery...
At a press conference on Tuesday, President Donald Trump announced the formation of Project Stargate, an at least $500 billion investment to build the physical and virtual infrastructure to power AI construction, including "colossal data centers" and campuses nationwide in America, with one of its goals to improve health outcomes.
Trump announced Stargate alongside three partners of the project:...
DarioHealth, a digital chronic condition management platform, closed a $25.6 million private placement of convertible preferred stock, with most of the funds secured from existing shareholders.
The balance of the funds was provided by a network of accredited healthcare investors and executives from within the healthcare sector.
Private placement is a way for a company to sell debt or equity...
Back-to-back news over the past few years since the recent pandemic reported on the aggressive global expansion of South Korean companies in the medical imaging AI space.
From securing regulatory approvals to closing national and regional-scale distribution and partnerships, these innovators (such as Lunit, VUNO, and Coreline Soft) seemed to have convinced health systems worldwide of the...
In November 2021, California-based virtual reality-therapeutic company AppliedVR became the first medical extended reality (XR) company to be granted FDA De Novo clearance for a virtual reality healthcare product.
AppliedVR's RelieVRx (formerly EaseVRx) is a fully immersive VR experience designed to help individuals manage chronic low back pain and provide a non-pharmacologic option for pain...
San Francisco-based health data analytics company Innovaccer scored $275 million in a Series F funding round, which was a combination of primary and secondary funding.
The round brings the company's total funding to $675 million.
WHAT IT DOES
Innovaccer, founded in 2014, works with life sciences companies, government organizations, providers and payers.
Its Healthcare Intelligence Cloud is a...
Hippocratic AI, a generative AI company developing safety-focused large language models for healthcare, announced it closed a $141 million Series B round, bringing its valuation to $1.64 billion.
Kleiner Perkins, the venerated VC firm that backed Amazon, Genentech and Google, led the round. Existing investors SV Angel, Premji, General Catalyst, a16z, NVIDIA, Universal Health Services and...
Alice Zheng, partner at women's health-focused venture capital firm Foreground Capital, sat down with MobiHealthNews to discuss women's health funding in 2025–and the changing investment environment around the sector.
MobiHealthNews: Tell me about your work in women's health and your investments.
Alice Zheng: I'm a partner at a fund called Foreground Capital, which invests exclusively in women's...
Julia Strandberg, executive vice president and chief business leader of connected care at Royal Philips, told MobiHealthNews that key healthcare trends in 2024 included advancements in home-based care and digital health reimbursement.
While these innovations aim to improve patient outcomes, she said, challenges remain in scaling care delivery and aligning incentives. However, progress in...
