Investing
The latest round brings the company's total funding to more than $50 million.
A report by Silicon Valley Bank says that by the end of 2025, $18.5 billion is expected to be invested in healthtech.
Also, a new AI-driven genomics platform developed in Queensland can identify cancer biomarkers and predict tumour responses to chemotherapy.
Also, health IT company UCrest from Malaysia has received its first patent for its AI-powered digital platform from Taiwan.
Since launching in March, the company has raised $550 million.
Brook.ai secures $28 million, Counsel Health garners $25 million, OutcomesAI gets $10 million and Smartlens closed an oversubscribed $5.2 million bridge round.
The company works with schools to offer virtual mental healthcare for students and enable collaboration among counselors, parents and providers.
The company will use the funds to drive commercial growth, broaden its employer and payer programs, and accelerate AI development.
The company, which changed its name from RIIG to Hootl in May, will use the funds for product development, regulatory preparedness and market growth.
The company's CEO, Tom Hale, told MobiHealthNews Oura will use the funds "for AI-driven innovation to redefine what digital health technology can do."