Xconomy Health Tech

Business, Life Sciences, and Technology News

Boston Tech Watch: Medumo, Zilla, Armored Things, Fortify & More

The week in Boston tech news hit on all the highlights: health technology, 3D printing, crypto, blockchain, CEO moves, fintech, and plenty of venture cash. Read on for the details:

—Healthcare technology startup Medumo has been acquired by Netherlands-based Philips (NYSE: PHG). The company’s patient navigation technology provides instructions and patient resources through text message and web apps, for instance, leading up to appointments or scheduled surgeries. Boston-based Medumo says its technology reduces late-canceled appointments and no shows and improves patient preparedness. Founded in 2013, the company later graduated from popular Silicon Valley tech accelerator Y Combinator. It raised $2... Read more »

Fri, 07/19/2019 - 03:10

Artemis Fund, TechStars Impact, Robin Autopilot, & More TX Tech

Let’s catch up with the latest innovation news in Texas.

Mark Cuban and Serena Williams are among investors to fund maternal health startup Mahmee. The Los Angeles-based startup announced Monday it has raised $3 million from the Dallas Mavericks owner and the tennis star (through her firm Serena Ventures) in a round led by ArlanWasHere Investments, according to a press release. Steve Case’s Rise of the Rest Fund also participated. Mahmee has developed a HIPAA-secure online platform that links a mother’s and her baby’s health history. It also offers data services that monitors and engages patients with maternity coaches.... Read more »

Tue, 07/16/2019 - 05:01

WI Startup Funding Hit Record in 2018 as VCs Cut Bigger Checks

A record $300 million was invested in Wisconsin ventures last year, as maturing businesses pulled in larger funding rounds. But a continued decrease in the number of firms raising their first outside capital could signal trouble for the state’s pipeline of budding startups.

Those are some of the key takeaways from the latest Wisconsin Portfolio, an annual report produced by the Wisconsin Technology Council in partnership with the Wisconsin Economic Development Corp. The publication, which was released this month, tends to provide a more comprehensive analysis of yearly Badger State venture capital activity than some national reports, although it’s not... Read more »

Wed, 07/10/2019 - 14:30

New Funds for Procyrion, Remedy, OncoNano, Vyopta & More TX Tech

Let’s catch up with the latest innovation news in Texas.

—Austin startup Vyopta, which makes a video conference system dashboard for businesses, raised $7.5 million in a Series B funding round led by Elsewhere Partners, according to a press release. The investment will be used for additional technology development and sales and marketing. The startup’s customers include companies and institutions such as AIG, AstraZeneca, Stanford University, and the US Department of Veterans Affairs.

—ABB Robotics will open a new facility at the Texas Medical Center’s Innovation Institute in October, according to a press release. Switzerland-based ABB will work with TMC... Read more »

Wed, 07/10/2019 - 06:00

Microsoft, Providence Tie-up Focuses on Cloud Tech in Healthcare

Microsoft and Providence St. Joseph Health on Monday announced a partnership aimed at developing software products and services that might improve outcomes for patients and lower costs.

Microsoft (NASDAQ: MSFT), which is known for its Windows operating system has long been a force in the world of enterprise software, is making inroads in the healthcare industry through efforts like its collaboration with Renton, WA-based Providence.

The tie-up will draw on Microsoft’s chops in AI and cloud technologies—in particular, the company’s Azure software suite—as well as the experience and expertise of clinicians and other staff at Providence.

Providence’s network of hospitals... Read more »

Tue, 07/09/2019 - 15:17

Why Bob Metcalfe Is an Optimist About the Internet

[Editor’s note: This is part of a series examining the internet’s first 50 years and predicting the next half century. Join Xconomy and World Frontiers Forum on July 16 for Net@50, an event exploring the internet’s past and future.]

Right alongside Moore’s Law, which describes the exponential growth in computing power since the 1960s, there’s Metcalfe’s Law, which describes what we’ve done with all that power: namely, use it to connect the world.

The law proposes that the value of a network increases in proportion to the square of the number of endpoints—an idea that turns out to... Read more »

Mon, 07/08/2019 - 02:00

Healthtech Startups: Connect with HHS Officials in Detroit on July 15

Are you a healthcare technology startup based in Southeast Michigan or Southwest Ontario? If so, you’re invited to attend a one-day-only meeting to connect with representatives from the US Dept. of Health and Human Services, who will be at TechTown Detroit, 440 Burroughs St., from 9 a.m. to 5 p.m. on July 15.

MedHealth Startup Day will include speeches on topics such as innovating through a federal lens; partnering with the Food and Drug Administration, the National Institutes of Health, and the Office of the National Coordinator for Health Information Technology; the KidneyX Challenge; and MaRs Opioid Data Challenge... Read more »

Fri, 07/05/2019 - 10:27

Q&A: Providence Exec on Bluetree Acquisition, Trends in Health Tech

Providence St. Joseph Health, a Renton, WA-based organization that operates 51 hospitals and 829 clinics across five US states, announced its latest strategic, IT-focused acquisition last week. The company Providence has agreed to purchase—financial terms aren’t being disclosed—is Bluetree Network, a Madison, WI-based consultancy that works with healthcare providers to install and optimize electronic health records software.

Mike Butler is Providence’s president of strategy and operations, and has worked at the organization for over two decades. He says he expects Bluetree to work alongside other Providence subsidiaries as the hospital network, and others across the globe, make changes to... Read more »

Wed, 07/03/2019 - 12:39

Special Report 2069: Predicting the Internet’s Next 50 Years

[Editor’s note: This is part of a series examining the internet’s first 50 years and predicting the next half century. Join Xconomy and World Frontiers Forum on July 16 for Net@50, an event exploring the internet’s past and future.]

It’s a good thing journalists, pundits, and consultants can’t be held liable for the predictions we get wrong and the outcomes we fail to anticipate. Because if we could, we’d all be bankrupt.

Back in 2014, on the occasion of the 25th anniversary of Tim Berners-Lee’s seminal paper proposing the World Wide Web, the Pew Research Center asked an... Read more »

Tue, 07/02/2019 - 05:53

IPO to Watch: Digital Health Developer Livongo Plans to Go Public

Digital health businesses haven’t had trouble raising venture capital funds from investors—2018 was a record year with $8.1 billion in funding—but few of them have made the move to hold initial public offerings.

Livongo Health, a digital health company developing devices and software to help patients manage chronic conditions, believes it is ready, announcing Friday it’s seeking to raise $100 million as part of a planned IPO.

Mountain View, CA-based Livongo develops proprietary health-monitoring devices, such as a glucometer for diabetic patients and a blood pressure cuff for people who have hypertension or risk developing the condition. Livongo pairs these... Read more »

Mon, 07/01/2019 - 17:26

WI Watchlist: Aaron Rodgers, Redox, Zywave, Rusinow & More

It’s time to catch up on some recent Wisconsin innovation news:

—Green Bay Packers quarterback Aaron Rodgers has a new title: venture capitalist. He co-founded and serves as general partner of Rx3 Ventures, a Newport Beach, CA-based firm that recently raised more than $50 million for its debut fund. The fund will make “venture and growth-stage” investments in consumer-focused companies.

Redox, a Madison-based developer of software tools that enable healthcare applications to securely move information into and out of patients’ electronic medical records, announced it launched a public “bug” bounty program in partnership with Bugcrowd. Such programs offer... Read more »

Wed, 06/19/2019 - 08:52

Mark Your Calendars: Startup Week Detroit Kicks Off on June 17

Every year, Detroit’s entrepreneurial community comes together for a five-day event encompassing panel discussions, TED talk-style keynote speeches, bootcamps, tech demos, and networking happy hours, all of which are open to the public and free upon registration.

Techstars Startup Week Detroit kicks off on June 17, but the registration process is already underway for those who want to attend. Xconomy talked to organizer Olivia Guterson of Venture Catalysts to learn more about what to expect at this year’s edition of the event. She says each day will concentrate on two or three different “learning tracks” in order to build impact within... Read more »

Fri, 06/07/2019 - 09:22

Rocket Engines & Startup Fuel: NM, Abodo, & More WI Headlines

It’s time to catch up on recent Wisconsin innovation news, including more funding for startups and expanded production of rocket engines in the Madison area. Read on for more details.

—Northwestern Mutual said it’s pumping $150 million into its second in-house venture capital fund. The Milwaukee-based insurance and wealth management services giant invested $50 million in its first startup fund, Northwestern Mutual Future Ventures Fund I, in 2017. That fund has poured $43 million into 14 startups, the firm says.

The second fund will invest between $500,000 and $5 million in each deal, typically in Series A and Series... Read more »

Wed, 06/05/2019 - 11:33

Cala Health Secures $50M to Launch Anti-Tremor Wrist Device

Cala Health announced this week it raised $50 million in a Series C financing that will fund the market introduction of its wristwatch-like device that delivers nerve stimulation as a remedy for tremors of the hands.

New investors Novartis, Baird Capital, LifeSci Venture Partners and TriVentures participated in the fundraising round, and were joined by all of the company’s previous investors, including Lux Capital, Lightstone Ventures, Action Potential Venture Capital, dRx Capital, GV—the investment arm of Google parent company Alphabet (NASDAQ: GOOG)—and Johnson & Johnson Innovation – JJDC, the venture capital arm of Johnson & Johnson (NYSE: JNJ). The... Read more »

Wed, 05/22/2019 - 16:40

HAP Partners With Livongo on Tech-Enabled Diabetes Compliance Program

As digital health applications continue to grow in popularity, yet achieve only mixed results, one area in which tech-enabled tools have found success is among diabetes patients.

Health Alliance Plan (HAP), a Detroit-based nonprofit health insurance provider, wants to leverage that success with a new program in partnership with Mountain View, CA-based Livongo, maker of health tech tools. Called Livongo for Diabetes, the initiative allows HAP Medicare Advantage members with type 1 or type 2 diabetes to access personalized data and insights culled from a Livongo smart blood glucose meter at no extra cost. Participants also get real-time coaching and... Read more »

Mon, 05/20/2019 - 02:33

Seattle’s TransformativeMed Carves Out Niche in Medical Specialties

An estimated 99 percent of US hospitals now track patients’ health information using computerized records systems, many of which were installed to replaced paper medical charts. As a result, startups are rushing in, to capitalize on the recent health-records digitization wave. Some of them, like Seattle-based TransformativeMed, are making the case that their add-on software products and services can improve doctors’ satisfaction with the technologies they use to do their jobs.

This week, TransformativeMed announced $5.8 million in new funding—an investment that values the startup at about $13.5 million, says president and CEO Doug Cusick. TransformativeMed plans to use... Read more »

Fri, 05/10/2019 - 20:09

WI Watchlist: Twitter Deal, AmFam Gift, Arrowhead Trial & More

It’s time to catch up on recent headlines from Wisconsin’s innovation scene, including a $20 million donation earmarked for data science research and education at the University of Wisconsin-Madison, a pair of tech acquisitions, and key milestones for two biotech firms. Read on for details.

—American Family Insurance said it will donate $20 million to the University of Wisconsin-Madison for data science initiatives. Half will go toward creating a Data Science Institute on campus, and half will support research over the next 10 years, according to a press release.

—Twitter “acquihired” Highly, a startup that created online tools for quickly... Read more »

Thu, 05/09/2019 - 05:45

TitletownTech, HealthX, Polco & More WI Venture Funding News

It’s time to catch up on recent fundraising and deal-making news from Wisconsin-based startups and investors. Read on for details.

—Phoenix said it inked a $4 million contract with the US Army to demonstrate neutron-based imaging technologies that could be used to help inspect large, complex munitions, according to a press release. The Madison-area company previously was awarded Army contracts in 2014 and 2016 worth a combined $6.6 million. Read more about Phoenix’s recent business growth in this Xconomy profile from January.

—Polco, a Middleton-based startup developing software to help local governments and other organizations solicit public input on policies... Read more »

Mon, 05/06/2019 - 10:20

Meet the Xconomy Awards San Diego Digital Trailblazer Finalists

San Diego’s prowess in computer science, medical devices, and life sciences makes it a natural hub of innovative digital health companies. The finalists in the Digital Trailblazer category of the Xconomy Awards San Diego highlight the wide variety of healthtech ideas emanating from local startups and big companies alike, ranging from virtual coaches for physical therapy patients, to experimental software designed to address Alzheimer’s symptoms.

Here are brief profiles of the finalists.

This is part of a series of articles about the finalists for the Xconomy Awards San Diego. We’ve written about the CEO, Commitment to Diversity, and Innovation ... Read more »

Wed, 05/01/2019 - 04:56

NorthStar Secures $75M+ as Medical Radioisotope Competition Revs Up

U.S. technology startups continue to pull in heaps of cash to try and stave off shortages of a crucial medical radioisotope.

NorthStar Medical Technologies said this week it closed a deal to receive up to $100 million in secured debt financing from funds managed by Oberland Capital Management. Beloit, WI-based NorthStar said it received $75 million up front, and the company has the option to draw $25 million more by the end of 2020.

NorthStar said it will use the funding to expand its capacity for producing the isotope molybdenum-99 using nuclear reactors. It has produced batches of the isotope... Read more »

Wed, 04/24/2019 - 14:37