digital health investment fund
The company will fund and develop companies that focus on eight key areas in healthcare and create AI/genAI technologies that help advance those areas.
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.
Lynne Chou O'Keefe, founder and managing partner of Define Ventures, tells MobiHealthNews what characteristics of a company are essential to garner investment.
The fund will be zeroing in on sensing tech, data analytics, remote patient monitoring and population health.
Also: NeuroFlow's $20 million Series B, and the launch of two new health tech investment funds.
Qualcomm is already one of the biggest investors in digital health, according to Rock Health.