digital health funding
GenAI company for health plans Alaffia Health and oncology-focused clinical-trial platform Klineo also secured funding.
Pediatric chronic care company Clarity Pediatrics also secured $10 million in seed funding and Los Angeles-based Handl Health brought in $2.5M.
The company plans to use the funds to further its AI development and create new hybrid solutions.
The New York-based mental health company also announced a measurement-informed system to help providers transition to value-based care.
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.
According to Rock Health's analysis, startups raised $2.2 billion across 125 deals, making Q3 the lowest quarter by dollars raised since Q4 2019.
The mental health company will use Curebase's decentralized clinical trial platform to study its treatment program's efficacy.
The Rock Health report found U.S. digital health startups raised $10.3 billion in the first half of 2022, putting the year on track to fall short of 2021. But there are some bright spots for the sector.
This brings the company's valuation to $1 billion.
The company now operates in six states and treats mental health conditions and substance use disorder.