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It is now preparing for a Series A fundraising round in the next six months.
Medication management-focused Arine raised $29 million, Epic-based virtual care platform KeyCare scooped up $24 million, and care coordination software company CareHarmony raised $15 million.
After an emergency call, patients who overdose or have symptoms of opioid use disorder can be referred to Bicycle Health for treatment.
There is a plan to expand its trial to more ambulances in the country to study its effectiveness.
It features more than 1,200 combinations of randomised simulated situations in a hospital ward.
The company also has pending approvals for the device in Australia and Thailand.
The layoffs represent 13% of the AI-backed genomic and clinical data company's workforce.
The Visibly Digital Acuity Product uses a touchscreen mobile device paired with a computer to test how sharp a user's vision is at a distance.
The online treatment has been licensed to Blue Note Therapeutics for the development of a counterpart version in North America.
A memo sent to employees from CEO David Ko said the company is "not immune to the impacts of the current economic environment."