Business
Diabetes management company Hygieia extended its Series B round, and Autonomize AI, a workflow platform for healthcare and life sciences, also announced funding.
The company also laid off workers in the U.K. and Israel as it shifts focus to the U.S. market.
The company reported $33.3 million in revenue for Q1 2023 and a net loss of $8.8 million.
The jury was unable to reach a verdict in the case related to the Apple Watch's health monitoring capabilities.
The Boston-based company will use the investment to accelerate growth and expand its platform.
The funds will be used to expand its reach.
The funds will be used to expand the company's team, further develop its platform and increase partnerships.
The company said it plans to use the Series A to expand in the U.K. and Europe, as well as to enter the U.S. market.
eVisit will add the virtual care management platform's digital front door and integrated language services to its offerings.
The virtual care company reported a net loss of $69.2 million and revenue of $629.2 million, an 11% increase from the first quarter last year.