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Microsoft acquires Nuance Communications for $19.7 billion

12Apr By AnkitaNo Comments

ACQUISITION

Microsoft acquires Nuance Communications for $19.7 billion

Wash., and BURLINGTON, Mass. – April 12, 2021 – Software giant Microsoft has acquired Nuance Communications, Inc. (Nasdaq: NUAN) in an all-cash transaction valued at $19.7 billion. Nuance is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience. Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft. The transaction is intended to close this calendar year. In 2020, Microsoft has accelerated its efforts to provide industry-specific cloud offerings Microsoft Cloud for Healthcare. Which aims to address the comprehensive needs of the rapidly transforming and growing healthcare industry. The latest acquisition announcement will help Microsoft’s industry-specif...

27Jul By AdityaNo Comments

FUNDING

Transformative Raises $1.7M in funding After Developing Technology That Predicts Sudden Cardiac Arrest

New York, 27 JUL, 2020-- Transformative, a healthcare startup whose software predicts sudden cardiac arrest raises $1.7 million seed round, led by Tera Ventures. The round includes funding from the Wellcome Trust, which provided Transformative a Healthcare Innovator Award, and from InHealth Ventures, which had previously invested in Transformative’s pre-seed round. Investors Andrus Oks of Tera Ventures and Nick Slater of AI Seed are joining Transformative’s board. Transformative’s first patented technology predicts sudden cardiac arrest by analyzing data from patient monitoring devices that are standard in hospitals. Transformative will use its seed funding to obtain FDA clearance for its first product and to begin developing technologies that predict other life-threatening conditio...

15Apr By PriyankaNo Comments

INDIA

Indian Govt App become World’s fastest app to reach 50 mn download

Government's mobile app Aarogya Setu, developed for tracking coronavirus patients, has become the world's fastest app to reach 50 million downloads in just 13 days, Niti Aayog CEO said. Prime Minister Narendra Modi in his address to the nation on April 14 appealed to people to download the app. "Telephone took 75 years to reach 50 million users, radio 38 yrs, television 13 yrs, Internet 4 yrs, Facebook 19 months, Pokemon Go 19 days. AarogyaSetu, India's app to fight COVID-19 has reached 50 mn users in just 13 days-fastest ever globally for an App," Kant said in his tweet. The death toll due to coronavirus rose to 377 while the number of cases in the country climbed to 11,439. Aarogya Setu app alerts people if any known or person in their vicinity has tested positive. Distric...

3Jun By AdityaNo Comments

FUNDING

Pristyn Care raises $4M Series A funding

Pristyn Care, a Bengaluru based healthcare delivery startup raises $4 million in Series A round led by Sequoia India. The company will use this funding to invest in technology and expand its team of medical professionals. Started in late 2018 by Harsimarbir Singh, Dr Vaibhav Kapoor, and Dr Garima Sawhney, Pristyn Care specialises in offering patients affordable advanced surgical care through surgical techniques and recovery measures. It offers patients a range of elective surgeries across proctology, gynaecology, urology and ENT (ear, nose, and throat). "There is a significant need to improve day care procedures in India. Our vision is to transform the future of healthcare by using improved medical techniques, personalised patient care and support that caters to the speciali...

10Oct By Gauri SinghNo Comments

CHINA

China’s Tencent Partners with a UK Firm to Boost AI in Health Space

China’s Tencent Holdings is tying up with a technology firm from the United Kingdom called Medopad Ltd to use artificial intelligence for the purpose of improving Parkinson's disease treatment. The company is collaborating with Medopad to develop a system to remotely monitor patients with severe movement disorder. The company said that the basic goal is to allow doctors to set drug doses and modify care without patients having to go to the hospital. Healthcare is increasingly "not only about what happens in the clinic, but what happens in the real world", Wei Fan, Tencent's executive director for medical AI research said. "The reason we want to work with Medopad is they're experts in monitoring patients." Founded in 2011, Medopad has received funding from German pharmaceuticals firm B...

2Oct By Gauri SinghNo Comments

CHINA

Wanda to Enter China’s Healthcare Space with USA’s UPMC

China’s popular conglomerate Wanda Group has entered into a strategic partnership with USA’s leading hospital UPMC. This has been done to jointly build international hospitals, as part of the company's deeper entry into the country's burgeoning healthcare sector. Wanda is a property-to-entertainment conglomerate that will join forces with medical skills, management and services from UPMC. UPMC is a well-known medical group with over 30 hospitals in the US. Under this program, the first batch of five hospitals will be launched in top-tier cities in the country, such as Beijing, Shanghai and Chengdu. "Setting up a network of private hospitals in China can keep Chinese patients in their own country and attract international patients who live in nearby countries," said Bruno Gridelli, e...

iBreastExam – The Best and Cheapest Way To Cure Breast Cancer

1Sep By Gauri SinghNo Comments

Story

iBreastExam – The Best and Cheapest Way To Cure Breast Cancer

Breast cancer is the most common form of cancer in women worldwide. According to the Breast Cancer Research Foundation, an estimated 1.7 million new diagnoses are done each year. The causes of breast cancer are not yet fully known, although a number of risk factors have been identified. This problem is much severe and critical in the developing economies, where the majority of cases are identified in advanced stages. Due to this, the women have to go through a lot and often this leads to death in some cases. More than 90 percent of women in the developing countries do not have the medium of early detection of breast cancer. One of the reasons behind this has to be that the mammograms which are the gold-standard screening technique, are rarely used because of their high cost and a lac...

Healthcare Platform MyHealthcare Raises $2 Million

1Aug By AnkitaNo Comments

FUNDING

Healthcare Platform MyHealthcare Raises $2 Million

Gurgaon based Online Healthcare platform MyHealthcare raises funds worth $2 million led by Hunch Ventures and Ajay Nanavati, Angel Investor and Retired Managing Director of 3M India & Israel. The MyHealthcare platform needs to connect to a hospital’s existing HIS to deliver the suite of services to its Patients, Doctors, and Paramedic staff. "Our platform works with hospitals, in enhancing their care solutions by transitioning the care process from paper to digital form. Making healthcare easily accessible, affordable and ensuring accuracy of care is our single focus at MyHealthcare," said founder and director of Myhealthcare, Shyatto Raha. "Having spent many years building 3M's healthcare businesses globally, the problem MyHealthcare is providing a solution to is very real. The...

Healthcare Start-Up LifCare Raises $11 million

24Jul By AnkitaNo Comments

FUNDING

Healthcare Start-Up LifCare Raises $11 million

LifCare which is a Healthcare start-up has raised $11 million in its Series B led by Saif Partners & Nexus Venture Partners. Till now the startup has delivered only medicines meant for chronic illnesses to customers who take these medicines on a regular basis, with its infused capital, it will now look to expand further in Northern and central states of the country. The company now aims to become a one-stop place for chronic patients and raise awareness regarding the necessity of taking medicines to stay fit. LifCare was launched in September 2015 by Killa, a former associate at Bain Capital, Rohit Mohta, a former executive of pharma company Cipla and Deepesh, a former executive of Wipro Ltd. The company currently employs around 500 people and will look to expand the team further...

26Jun By Lavina TolaniNo Comments

FUNDING

SigTuple rasies $19 Mn Funding From Accel and IDG Ventures

SigTuple, an AI-based healthcare startup has raised 19 million i.e approximately Rs. 130 crores in a Series B round led by IDG Ventures and Accel Partners. The investment round also saw participation from pi Ventures, Flipkart’s executive chairman Binny Bansal, Endiya Partners, Axilor Ventures. The Bengaluru-based company plans to use the funds in the expansion of assembly and distribution of AI100 along with research and development of new solutions that can boost its reach and market presence. Rohit Kumar Pandey, chief executive at SigTuple said, The major chunk (of the money) will go into setting up a manufacturing pipeline so that we can put more devices in the market. We have applied for US FDA and CE certification. Once we go through the stage, it will require more clinical tr...

10May By Sheldan RungasamyNo Comments

FUNDING

HeathCare Data Analytics Company Raises $25 Million Funding

Innovaccer, a prominent healthcare data analytics platform announced that it raised $25 million in a Series B funding round led by Westbridge Capital and the participation of Lightspeed Ventures. The Silicon Valley-based company will use the funds to keep developing and strengthening its industry-leading tool and go-to-market capabilities by improving its data platform and enhancing its machine learning, while adding to its already 200+ connectors to healthcare data systems. Innovaccer will also invest in developing a new array of programs destined to cater for patient engagement and platform capabilities for partners to access. Innovaccer Inc. is a startup that aims at incorporating data analytics in the healthcare sector. Its flagship product, called InData, ingests, normalizes ...

24Apr By AnkitaNo Comments

FUNDING

New Delhi Based Organisation Looking to Raise $50 Million Funding

New Delhi based Home Healthcare organization Critical Care Unified (CCU), planning to raise $50-60 million in the next few months to expand its market, as the company said in its press release. The healthcare startup is planning to expand its footprint into 10 metro cities of India & in 4 middle east countries. The home healthcare service provider recently launched its operation in Mumbai, where the home healthcare startup will provide all solutions at a patient's doorstep, including ICU care services, discharge management, stabilization of patients at home, testing and calibration of the ventilator to name a few. Since inception, CCU has achieved profitability on a monthly basis, with a turnover of Rs. 2.60 crores in 2017. With in excess of 15 percent revenue growth in each q...