Editor's Note: This review is designed to highlight the most famous funding round of the month and is not to be comprehensive.
Health Technologies issued several major funding announcements in August. Here are some of the largest financing lists.
Eliseai raises $250 million in Series E funding
New York City-based Eliseai focuses on automation systems in healthcare and housing. For healthcare, it provides a platform to automatically talk to patients through voice, email, text and chat. It also helps to schedule appointments with doctors and send alerts about billing and payments.
Its Series E funding is led by Andreessen Horowitz (A16Z) and includes participation from Bessemer Venture Partners, Sapphire Ventures and Navitas Capital. According to the announcement, Eliseai will “expand its team to accelerate product innovation and impact, improve patient experience, simplify operations and advance AI-driven solutions for customers.” It is hiring in all departments, including engineering, customer experience and marketing.
Eight people sleep guarantees $100 million in funding
New York-based Eight Sleep is a sleeping company. Its flagship product is called POD and includes mattress covers that provide cooling and heating as well as sleep and health tracking. Additionally, it provides a blanket attached to the lid and provides cooling and heating. It also has a base suitable for the bed frame, which can be raised to reduce back pressure and stuttering.
The $100 million round included involvement from HSG, Valor Equity Partners, Atreides, Founders Fund, Y Combinator, Charles Leclerc (Ferrari F1 Driver) and Zak Brown (Chief Executive Officer of McLaren F1). Matteo Franceschetti, co-founder and CEO of Eight Sleep, said the funding will be used to help develop a sleep agent that will be able to “simulate, test and personalize” users’ recovery. The company will also develop solutions for menopause and sleep apnea.
Chai Discovery Rakes Series A funding is $70 million
San Francisco-based Chai Discovery builds AI to predict interactions and reprogramming interactions between biochemical molecules. Its team comes from AI companies such as Openai, Stripe and Google X.
The funding is led by Menlo Ventures and includes participation from Yosemite, DST global partners, SV Angel, Avenir, DCVC, Thrive Capital, Openai, Dimension, Neo, Neo, Lachy Groom and Fred Ehrsam. The announcement said it will be used to “further develop the diesel platform, apply it to previously inaccessible targets, and join select partners.”
Twin Health receives $53 million in funding
Twin Health, based in Mountain View, California, created a model (double) to metabolize data from smart devices, lab results and meal logs. It can then provide guidance on nutrition, activity and sleep based on this information.
Its $53 million funding is led by Denmark's Maj Invest. According to the announcement, it will help the company expand its partnerships in retail, healthcare, financial services, technology and manufacturing through healthcare and Fortune 500 companies.
Images: Feodora Chiosea, Getty Images
