Investing
Xaira's CEO, Dr. Marc Tessier-Lavigne, resigned as president of Stanford University last August due to controversy over inaccuracies discovered in his lab's scientific papers.
Pediatric chronic care company Clarity Pediatrics also secured $10 million in seed funding and Los Angeles-based Handl Health brought in $2.5M.
The health technology company will use the funds to support the growth of its provider partnerships.
The funds will support the company's global growth and advance its AI-enabled Internet of Things platform.
The Series C equity and debt financing round brings the company's total raise to $103 million. Two Chairs will use it to expand its reach nationally.
The company plans to use the funds to further its AI development and create new hybrid solutions.
The New York-based mental health company also announced a measurement-informed system to help providers transition to value-based care.
Stock exchange rules give Amwell six months to comply with its minimum price requirement of $1 per share or be delisted. Amwell last traded above $1 in March.
EarliTech Diagnostics secured $21.5 million, Manifold emerged with $15 million, and Beanstalk Benefits launched out of Redesign Health with $7.5 million.
It looks to use its fresh funds to secure the US FDA's approval for its AI software.