Startup Shoutouts: July 8, 2020
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 past few months.
CareAcademy raises $9.5 million for the next generation of direct care workers
CareAcademy, a leading provider of online professional development for caregivers, announced it has raised $9.5 million in Series A funding led by Impact America Fund (IAF). This funding will help CareAcademy scale opportunities for direct care workers to upskill, drive healthcare outcomes measurements, onboard and retain direct care workers for long term care, and ensure they are able to work throughout the healthcare continuum. As the impact of COVID-19 on the growing aging population grows, CareAcademy will also use the capital to provide safer alternatives to facility based care to better serve and meet the needs of older adults.
CareBand partners with top organizations to fight against COVID-19
CareBand, a wearable technology platform for residents living with dementia in assisted living communities, launched their newest solution, SafeTrack, in response to COVID-19. CareBand has expanded their platform to serve the general population during the pandemic. The SafeTrack solution is a wearable device that can perform contact tracing, proximity monitoring and geofencing. CareBand has partnered with TEKTELIC, Helium, Censis and SenRa to launch their solution.
Kalderos secures $28 million in Series B funding
Kalderos works with healthcare providers, healthcare innovators, payers and government agencies alike to increase transparency and help lower the cost of healthcare through their first-of-its-kind drug discount management solution. Kalderos recently raised $28 million in Series B funding, including investments from Brain Capital Ventures and Mercato Partners. With this funding, Kalderos is planning to focus on three main areas: platform growth, category expansion and expanding their team of experts. Kalderos is looking to further expand their capabilities to solidify a point-of-sale solution, expand to directly support patients and other discount types and explore other financial opportunities in healthcare.
Level Ex acquired by BrainLab
Level Ex, a long-time MATTER startup member that creates medical video games designed to advance the clinical skills of physicians and surgeons, recently announced that they’ve been acquired by Brainlab, a digital medical technology company. The acquisition will allow Level Ex to expand their team to better support global markets and partners, as well as release new games in the areas of dermatology, orthopedics and oncology.
PhysIQ and U.S. Department of Veterans Affairs publish revolutionary study predicting heart failure
PhysIQ, developer of the first FDA 510k-cleared personalized physiology data analytics platform, published a study with the U.S. Department of Veterans Affairs that demonstrates how artificial intelligence (AI) can be applied to wearable sensor data to predict heart failure hospitalizations. The study showed that PhysIQ’s pinpointIQ® continuous data collection platform could predict heart failure rehospitalization 7-10 days in advance. Through the results of this study, PhysIQ will use the data sets to develop biomarkers to ultimately improve care for at-risk patient populations.
Interested in learning about the newest members of the MATTER startup community? Check them out here .