Investing

A surgeon operating using robotic technology
By  Adam Ang 01:24 am January 17, 2025
Cornerstone Robotics bags $70M Series C funding Surgical robotics maker Cornerstone Robotics from Hong Kong has raised over $70 million in a Series C funding round led by EQT. It also received additional investment from the Hong Kong government's Innovation and Technology Venture Fund.  The company, established in 2019, will use its fresh funds to expand into key global markets in Europe and...
JLK CEO Dong-Min Kim showcasing their stroke AI solution
By  Adam Ang 07:26 am January 14, 2025
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...
Mudit Garg, CEO of Qventus
By  Jessica Hagen 07:00 am January 13, 2025
Qventus, which offers health systems an AI-based care automation platform, has garnered $105 million in Series D funding in a round led by KKR.  Bessemer Venture Partners also participated in the round alongside new strategic investors HonorHealth, Northwestern Medicine and Allina Health.  Mudit Garg, CEO of Qventus, sat down with MobiHealthNews during the JPM Healthcare Conference to discuss the...
By  Jessica Hagen 04:59 pm January 10, 2025
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...
Three healthcare providers standing next to each other and looking at a tablet
By  Jessica Hagen 11:14 am January 10, 2025
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...
Nurse standing in a hallway while looking at a tablet
By  Jessica Hagen 02:51 pm January 9, 2025
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...
Technician reviewing data
By  Anthony Vecchione 02:31 pm January 9, 2025
Qualified Health, a public benefit corporation that provides the infrastructure for generative AI in healthcare, has launched with $30 million in seed funding. The funding round was led by SignalFire, Healthier Capital, Town Hall Ventures, and Frist Cressey Ventures, with participation from Intermountain Ventures, Flare Capital Partners, and other companies in the healthcare and technology...
Alice Zheng, partner at Foreground Capital
By  Jessica Hagen 12:11 pm January 6, 2025
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
By  Jessica Hagen 09:00 am January 3, 2025
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...
Features of Cazzle by Lotte Healthcare
By  Adam Ang 12:12 am January 3, 2025
Lotte, one of South Korea's biggest conglomerates, is liquidating its digital healthcare business this year. Late in December, the company decided in a shareholders' meeting to close Lotte Healthcare, which it opened in April 2022 with a 70 billion won ($45 million) investment.  Alongside liquidating Lotte Healthcare, the conglomerate also decided to sell its joint venture, Theragen Health, which...