Business

In a post on LinkedIn, Color CEO Othman Laraki said the company would focus on its core lines of business, including testing and telehealth infrastructure for government programs, and its prevention tools for employers and healthcare purchasers.

The funds will be used to open new clinics in the U.S.

Drug-discovery platform TandemAI, sleep-care platform BetterNight, health-monitoring system Xandar Kardian and AR/VR platform Healium also announced funding rounds.

The digital health company reported $184.1 million in revenue for Q4, a 14% decline from the same period in 2021.

The mental health platform let go of 15% of its workforce.

The company reported $526.9 million in revenue last year compared with $271.9 million in 2021.

Lucira's diagnostic is the first over-the-counter at-home combination test for COVID-19 and flu authorized by the FDA.

Karley Yoder, general manager and chief digital officer for ultrasound at GE HealthCare, discusses the company's planned acquisition of Caption Health and why thoughtful integration is important for using AI in healthcare.

Also, medical device unicorn Molbio has taken a 70% stake in digital x-ray manufacturer Prognosys.

The latest funding builds off a Series B announced in April.