Healthcare data and analytics and tech-enabled services will be the sectors most impacted by generative AI, according to a survey by investment firm GSR Ventures.
The survey, which included responses from more than 40 healthcare technology venture capitalists, found that over 71% believe ChatGAPT/GenAI changes their investment strategy "somewhat" or "a little." In contrast, 12% say it affects...
CHICAGO — During the Venture Connect panel on demystifying digital therapeutics at the 2023 HIMSS Global Health Conference & Exhibition here on Tuesday, panelists provided insights into the state of investments in digital therapeutics, the barriers to adoption, challenging existing standards of care and how success in the sector requires patience and persistence.
"Very recently [investment]...
After a year of mega-rounds, skyrocketing valuations and a parade of growing digital health startups, the investment landscape looked a lot more tepid in 2022.
But there are still plenty of opportunities for startups, especially for companies that can demonstrate their value amid a challenging economic environment, said Dr. Sunny Kumar, partner at GSR Ventures. Kumar sat down with MobiHealthNews...
Return on investment and clinical validation will be the most significant indicators for success for digital health companies in 2023, according to a survey by investment firm GSR Ventures.
The survey, which included responses from more than 50 investors, found that more than 94% deemed ROI to be "important" or "very important" to a digital health company's success, and 79% said clinical evidence...
Digital mental health company Limbix scored $9 million in Series A funding. The new round was led by GSR Ventures with participation from sequoia Capital, Storm Ventures, NexGen Venture Partners and BIXINK Therapeutics.
This comes roughly four months after the Palo Alto-based startup was selected as one of 27 digital health companies in MassChallenge HealthTech’s 2020 accelerator class.
WHAT IT...
This morning Palo Alto, California-based startup Medable announced a $25 million funding round for its platform that uses digital to help facilitate the clinical trial process. GSR Ventures led the round with participation from PPD Inc. As part of this deal Dr. Sunny Kumar, a partner at GSR Ventures, joined the Medable board.
This brings the company’s total funding pot to $45 million, according...
This morning Sparta Science, a musculoskeletal health startup, scored $16 million in Series B funding. GSR Venture US led the round with participation from Arsenal Growth and existing investors.
The Menlo Park, California, company reports that this new infusion of cash will bring its financing to $26 million.
WHAT THEY DO
Sparta Science uses data analytics to help users come up with an...
Smart thermometer maker Kinsa has raised $17 million in a round led by GSR Ventures, Kleiner Perkins Caufield Byers, and FirstMark Capital. This brings the company’s total funding to $28.6 million.
Kinsa, which received FDA clearance for its smartphone-connected thermometer in 2014, said it will use the latest funding to develop additional smart products and services to the Kinsa line.
“With...
