Healthy aging
Finalization of the deal is contingent upon approvals by state and regulatory authorities.
Medication management platform PatchRx and brain health company Neurpowyzer also garnered investment.
The company will use the funds to meet the growing demand for ElliQ, its conversational AI-powered robot that acts as a companion to seniors.
Investigations sponsored by the ISS National Laboratory will be performed, including tissue chip investigations to study liver regeneration and the immune aging process.
Peloton for Business includes access to the company's commercial bike, an employee benefit program, exclusive programming and offers for partner organizations.
The company's revenue increased in Q2 of this year to $13.1 million compared to $10.7 million in the first quarter – still below the $18.3 million reported in Q2 2022.
The company will use the funds to grow its offerings, including its teletherapy platform, and expand its reach nationally.
The Tennessee-based company has regained compliance with the bid price requirement to remain listed on the NASDAQ.
GenHealth AI, maker of what it calls a large medical model, and senior-focused startup K4Connnect also secured investment.
Contributed: Medicaid unwinding highlights digital divide, creates urgency for accessible technology
Doug Hirsch, cofounder and chief mission officer of GoodRx, describes how technology and addressing the digital divide can improve access to care and educational content.