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Upliv is expected to receive $8.4 million in seed funding through the end of 2023.
Amwell, Hims & Hers, Insulet and Butterfly Network also post third quarter results.
The Silicon Valley Bank report found health tech companies in the U.S. and European Union have raised about $23 billion through the end of September this year.
The company will use the funds to expand its platform and accelerate global commercialization.
According to reporting by TechCrunch, the company laid off around 500 employees.
David Rosen, a partner and public policy lawyer at Foley & Lardner, discusses the agency's recently wrapped Software Precertification Pilot Program and what it means for the future of digital health regulation.
The company said the sale of Meritage Medical Network will allow it to focus on its digital-first, value-based care contracts.
The virtual care startup for LGBTQ+ patients will also use the investment to expand its recently launched enterprise offering.
The company will also stop offering Medicare Advantage plans outside of California and Florida.
The company announced a $10 million Series B raise last year.