Healthcare Innovation Heats Up with Over $800 Million Raised in Funding.

This week's healthcare news is brimming with innovation, with startups and established companies securing over $800 million in funding. Artificial intelligence (AI) takes center stage, with applications in mental health ( Slingshot AI , $30 million), oncology diagnostics ( PreciseDx , $20.7 million), and drug discovery ( Reliant AI , $11.3 million).

Several large funding rounds highlight promising areas:

• Borealis Biosciences, Inc. ($150 million) focuses on RNA medicines.
• Pathalys Pharma ($105 million) develops treatments for kidney disease.
• Openwater ($100 million) utilizes innovative medical technology for disease diagnosis and treatment.
• XII Medical ($45 million) advances patient-centric neuromodulation therapy for sleep apnea.

Mental health startups also saw significant investments, including BeMe Health ($12.5 million), which caters to young people, and?Mindset?($13 million), which aids individuals in navigating disability benefits.

This funding surge indicates a continued focus on leveraging technology to improve healthcare delivery, diagnostics, and treatment across various areas. Illumina Ventures is raising a $300 million fund to invest in these advancements.

See the full list of funding - https://twidh.substack.com/p/healthcare-innovation-heats-up