H|T: The Healthtech Times – Healthtech startups get DIGITAL funding for AI
Plus: Once worth $2.3B, COVID-19 test maker Cue Health shutters.
Healthtech
Alberta Innovates launches new program to connect healthtech startups with early adopters, investors
IDEATE is being supported by a $2.1-million investment from PrairiesCan.
Accelerate Fund III backs Care Group as it looks to expand mental healthcare platform into new markets
The startup is looking to expand across Canada and the United States starting later this year.
Clarius Mobile Health partners with Novartis to deploy ultrasound scanners to Canadian rheumatologists
Clarius’ handheld device will be used to support the early detection of psoriatic arthritis.
Amplitude Ventures closes $263 million for second precision medicine VC fund
Amplitude has already made four investments from Fund II.
Fading 2023 VC performance underscores Canadian tech’s “vulnerability,” BDC reports
Down rounds rose from seven percent in 2022 to 31 percent last year.
CIFAR, CABHI among recipients of more than $850 million in federal science and research funding
Two dozen third-party science and research organizations are being backed by the new Strategic Science Fund.
DIGITAL invests $10.5 million across four AI projects from healthtech startups
Projects from Swift Medical, RxPx, Gotcare, and AlayaCare carry a collective $26-million value.
H|T: The Healthtech Times – Uber Health rolling out caregiving solution in US
Plus: CloudMD to go private after acquisition spree dries liquidity.
Vantage points: MedEssist’s Joella Almeida on why being the ‘Shopify for Pharmacies’ is not enough
“Federally procured and provincially distributed” healthcare alienates practitioners from process.
Meet the founder who wants to expedite Parkinson’s patient care with her tech
Bronwyn Bridges discusses her journey into healthtech with PragmaClin and her entrepreneurial “superpower.”
Q1 Canadian VC funding posts mixed results as PE market rebounds, CVCA reports
Pre-seed, seed-stage VC funding declines as late-stage investment continues descent.
H|T: The Healthtech Times – Neuralink encounters its first problem in a human patient
Plus: Oracle’s $28-billion Cerner healthtech acquisition is losing clients.
CloudMD to be taken private by CPS Capital
CloudMD had been reviewing options to solve its liquidity issues as a result of its numerous acquisitions.
H|T: The Healthtech Times – Walmart ditches telehealth and cyberattack paralyzes Canadian pharmacy chain
Plus: Ottawa firm acquires mental health platform for first responders.