wellness

The device reportedly will include a cellular connection and could tie in with third-party health and wellness services, such as those offered by Peloton.

This is the third funding round for Modern in about 13 months, and propels the San Francisco company to unicorn status.

The new wellness features use machine learning to observe subtle changes in chest movement or blood coloration, and are slated to drop for Pixel device users in the next month.

The feature launches with four 25- to 40-minute episodes headlined by Dolly Parton, Draymond Green and others.

The deal has brought the consumer telehealth and wellness company approximately $280 million in proceeds that it will use to grow and invest in new product categories.

As populations will need to increasingly rely on self-care models during the pandemic, experts reflect on the key ways this will transform the landscape of healthcare delivery and innovation in 2021 and beyond.

The company's lead offering for employer customers has so far reached more than 250,000 users.

Like others in the space, the 43-year-old owner of the NordicTrack, Freemotion, ProForm and iFit brands has seen revenues rise amidst social distancing.

The newly announced deal is expected to close in Q4 2020, and values the direct-to-consumer telehealth company's combined entity at $1.6 billion.

The free virtual service plans to add more premium offerings before the end of the year.