Biotech & Health

Sword Health raises $130 million and its valuation soars to $3 billion

Sword Health, an AI-powered virtual physical therapy startup, has raised $30 million and let employees sell $100 million worth of equity to new and existing investors, including Khosla Ventures. The round brings the nine-year-old company’s valuation to $3 billion, a 50% increase from the $2 billion value it garnered in its Series D in November 2021. The […]

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General Catalyst-backed Jasper Health lays off staff

Jasper Health, a cancer care platform startup, laid off a substantial part of its workforce, TechCrunch has learned. Engineering and product design were among the departments impacted by the cuts, according to posts on LinkedIn from impacted employees. TechCrunch was unable to independently verify the exact number of people who were cut, but an industry

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Billionaire Groupon founder Eric Lefkofsky is back with another IPO: AI health tech Tempus

Eric Lefkofsky knows the public listing rodeo well and is about to enter it for a fourth time. The serial entrepreneur, whose net worth is estimated at nearly $4 billion, has already taken three businesses he’s founded public.  Today he’s the founder of Tempus, a genomic testing and data analysis company preparing to IPO. But

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Valar Labs debuts AI-powered cancer care prediction tool and secures $22M

Putting AI to work in the healthcare industry is a tricky business; it’s even more so in oncology, where the stakes are especially high. Biotech startup Valar Labs is aiming high but starting small with a tool that accurately predicts certain treatment outcomes, potentially saving precious time for patients. It has raised $22 million to

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Mental health insurance platform ifeel raises a $20 million Series B

Mental health issues like stress, depression and anxiety can lead to work-related illnesses, absences and long-term sick leave. But many companies think offering a gym membership is enough. Ifeel — a European startup that decided mental health should be tackled differently and which raised $6.6 million in 2021 — has now raised a $20 million

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US pharma giant Cencora says Americans’ health information stolen in data breach

U.S. pharmaceutical giant Cencora says it is notifying affected individuals that their personal and highly sensitive medical information was stolen during a cyberattack and data breach earlier this year.  In letters to affected individuals sent out this week, Cencora said that the data from its systems includes patient names, their postal address and date of

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IndieBio’s SF incubator lineup is making some wild biotech promises

IndieBio’s Bay Area incubator is about to debut its 15th cohort of biotech startups. We took special note of a few, which were making some major, bordering on ludicrous, claims that could pay off in a big way. Biotech has been creeping out in recent years to touch adjacent industries, as companies find how much

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Strava taps AI to weed out leaderboard cheats, unveils ‘family’ plan, dark mode and more

Strava on Thursday announced a slew of new features and updates at its annual Camp Strava event, as the San Francisco-headquartered company doubles down on efforts to make its social fitness app stickier both for free and premium subscribers — with artificial intelligence (AI) playing a central role. One of the perennial complaints emanating from the

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