Finance
The layoffs come three months after a $10 million extension that brought its Series C round to $115 million.
AeroDPC will operate as a subsidiary of Hint Health immediately following the deal. In 2023, the company plans to release a new product combining AeroDPC and HintOS' capabilities.
The acquisition will allow Color Health to provide behavioral and mental health treatment at scale.
The virtual care giant reported revenue of $611.4 million, a 17% year-over-year increase, and a net loss of $73.5 million in the third quarter.
A spokesperson said the company "adjusted staffing levels and other direct expenses caused by current challenges in the economy and market conditions."
This summer, AIVF announced it had raised $25 million in Series A funding.
A Cerebral spokesperson said the cuts were "focused specifically on realizing operational efficiencies while prioritizing clinical quality and safety across the organization."
The acquisition will expand Unified's portfolio of women-focused companies to include menopause-relief offerings in all 50 states.
During a discussion at the Frontiers Health Global Hybrid Conference, panelists said a more competitive funding environment could push startups and investors to focus on quality.
The newest offering is spirometry testing to evaluate patients for chronic obstructive pulmonary disease.