MATTER Startup Shoutouts: May 2021
Every day, innovators across the MATTER community are building new solutions that accelerate innovation, advance care and improve lives. Here’s a look into some of the most noteworthy headlines from the startup members in our community over the past few months.
rMark bio acquired by Within3
rMark bio, an enterprise AI solution for life sciences professionals, announced in April that they have been acquired by the virtual engagement platform Within3. rMark Bio’s AI technology pulls stakeholder insights for life sciences organizations to help influence life science development projects in actionable, measurable and succinct ways. The acquisition of the company will help life sciences professionals better access key opinion leader (KOL) and stakeholder insights in the industry.
Capsule raises $300M — bringing valuation to more than $1B
Capsule, a digital pharmacy, recently raised $300 million in funding a round led by Durable Capital Partners. This latest funding, coupled with Capsule’s $200 million Series C in 2019, puts the company’s valuation at $1 billion, CEO and founder Eric Kinariwala told Bloomberg. The funds will be used to expand Capsule to new markets and to upgrade the company’s technology.
AMOpportunities raises $5.4M to combat clinician shortages
AMOpportunities, a startup that connects international medical students to clinical experiences in the U.S., closed a Series A round of $5.4 million in April, bringing the company’s total funding to $6.5 million. The round was led by OCA Ventures and HealthX Ventures and the funding will be used to further AMOpportunities’ efforts to help medical students access U.S. physicians and institutions. The company’s ultimate goal is to combat the predicted shortage of 18 million healthcare workers by 2030 by connecting hospitals, medical students and medical schools on one easy-to-use “clinical-training-as-a-service” platform.
ExplORer Surgical’s latest raise brings total funding to $11 million
ExplORer Surgical, an operating room workflow management app, raised $2.5M in a funding round led by Aphelion Capital — bringing the company’s total funding to $11 million. The funds from this round will be used to add new technological capabilities to the ExplORer platform and to hire new team members. The company’s cloud-based “digital playbook” for hospitals and device companies allows them to guide, track and analyze activity in the operating room, and improve communication and performance. CEO Jennifer Fried told MobiHealth news that ExplORer is planning an additional funding round later this year following the company’s six times year-over-year revenue growth in 2020.
PhysIQ licenses their tech to Janssen Pharma in a multi-year deal
PhysIQ, the creator of the first FDA 510k-cleared AI platform that transforms raw sensor data from digital biomarkers into clinical insights, announced a collaboration with Janssen Pharmaceuticals of Johnson & Johnson. This multi-year collaboration with Janssen establishes physIQ’s accelerateIQ platform as a solution for Janssen’s regulated wearable biosensors and digital biomarkers initiatives. The technology will be used in virtual clinical trials to support Janssen’s R&D and commercial activities.
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