Business
Last week, the wearables company announced it opened an investigation into apparent manipulation in trading its common shares following a 1-for-15 reverse stock split.
The acquisition of data company Sparta Science will allow Oura to expand its data analytics capabilities and its B2B offerings.
The investigation follows shareholder approval of a 1-for-15 reverse stock that took effect earlier this week.
Vineeta Agarwala, general partner at Andreessen Horowitz (a16z) Bio + Health, sat down with MobiHealthNews to discuss knownwell's expansion into Texas.
The employer-focused hybrid care provider will use the funds to scale its operations and expand access to its preventative care model.
The company will use the funds to scale its operations and further develop its technology as it aims to establish gait monitoring as a mainstream tool.
The company's Synapsis AI platform automates complex data readings, which allows for more efficient and optimal clinical research.
The funding includes $4.5 billion for the firm's core VC funds, $1.5 billion for its Creation strategy and $2 billion for separately managed accounts.
The round was led by Andreessen Horowitz, which has announced two other significant digital health investments within the past two weeks.
The message-based platform allows patients to get answers to complex medical questions, receive second opinions, seek urgent care and obtain assistance with end-of-life decisions.