Digital Health
Simon-Kucher's Jan Bordon and Kay Schultze discuss how to encourage uptake for digital health products.
Also, Startoon has obtained a US FDA clearance for its wearable recovery tracking device.
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 startup plans to file with the FDA to add other monitoring abilities and to introduce the product later this year.
Users will have the option to participate in groups and schedule a coaching session.
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.