Business
Though funding has fallen this year, Dr. Sunny Kumar, partner at GSR Ventures, said there are still opportunities for startups that can prove their value.
The startup has set up a subsidiary in New York using the proceeds from its first Series C round.
The company said it will use the capital to hire for its commercial teams and advance development on new features.
The company said it needed to restructure following "a period of rapid growth and hiring."
Medical waste-management firm Stericycle sold the business to Carenet for approximately $45 million in cash.
Patient engagement platform Ostro scooped up $45 million, and Cloud Health Systems, a new startup from Instacart cofounder Apoorva Mehta, reportedly raised $30 million.
A GSR Ventures survey of 50 investors reveals return on investment and clinical validation would be vital to a company's success next year.
The startup said it plans to use funds to expand its reach in the U.S. and globally, add nutrition-recommendation capabilities and support research partnerships.
Flare Capital Partners' Ian Chiang and Jonathon George discuss emerging trends in digital health-enabled cancer care.
The startup raised a $45 million Series A about a year ago.