Healthcare technology startups have sprung to life during the pandemic and have restarted a discussion on how modern healthcare should function. COVID-19 hasn’t just exposed gaps in the system but has also presented opportunities to healthcare startups on how to transform this system for the better.
The health industry is full of key innovators making their mark on our everyday lives in unexpected ways. These innovative health startups represent the future of healthcare, and oh, does the future look bright!
As healthcare technologies push the boundaries of medicine and technology, let’s take a look at some of the stellar performers in the industry, including some outstanding medical software development companies. These amazing healthcare startups are just on the hinge of becoming the next big thing.
Tempus
Tempus has created “the world’s largest library of clinical and molecular data” along with an operating system that makes the data useful for patients and physicians alike. Medical researchers can use it to find patterns in diseases and their treatments while physicians can use it to tailor cancer treatment for each of their individual patients. Its main objective is for patients to benefit from the treatment of patients that came earlier.
Amwell
Amwell, previously known as American Well, is a digital medical provider that makes it easy access to medical care whenever you need it. The startup offers high-quality and affordable medical care by helping you gain access to virtual healthcare. Use the app to connect with board-certified healthcare providers 24/7. Amwell now operates in 50 US states to provide you with fast and convenient healthcare.
Ido Schoenberg, Roy Schoenberg
Total funding: $811m
Grail, by Illumina
Grail is a California based biotechnology startup that is working on developing early cancer screening tests for patients who don’t have symptoms. GRAIL is all set to introduce its multi-cancer early detection blood test- Galleri. This test uses a targeted methylation sequencing panel to detect more than 50 cancer types across all stages and pinpoint the cancer’s tissue of origin.
Alex Aravanis, Jeff Huber, Mostafa Ronaghi
Total funding: $2b
HealX
HealX has built an efficient AI platform in order to speed up the process of drug discovery. The system examines existing drugs and repurposes them to cure rare diseases. HealX’s AI has a proven track record of discovering new treatments and moving on to clinical trials in record time. HealX hopes to harness the power of knowledge sharing to develop 100 rare disease treatments by 2025.
Andreas Bender, David Brown, David Cavalla, Tim Guilliams
Total funding: $67.9m
Web: http://healx.io/
Babylon Health
Found in 2013, Babylon Health is a subscription health service that allows consultations over video call or text. The app includes an AI-powered chatbot that allows patients to ask health-related questions 24/7 and can also order prescriptions from their nearest pharmacy. Patients can also rate their service to ensure quality services are provided. Babylon Health aims to provide accessible and affordable health care services to everyone who needs it.
Hinge Health
Hinge Health is a digital healthcare platform dedicated to back and joint pain. This advanced health startup uses software and wearable sensors to remotely deliver physical therapy as well as behavioural health to patients suffering from chronic musculoskeletal injuries. Hinge Health focuses on healing chronic pain and empowering patients to minimize opioid use and surgeries.
Daniel Perez, Gabriel Mecklenburg
Total funding: $426.1m
Orchard Therapeutics
Orchard Therapeutics is a biotechnology startup that can transform lives using innovative gene therapy. The company aims to tackle some of the most difficult to treat genetic conditions using ex vivo autologous gene therapy. Some of the health conditions that they are in the process of treating are immune deficiencies, genetic metabolic disorders and blood disorders.
Andrea Spezzi, Ben Auspitz
Total funding: $460.5m
CureApp
CureApp is a Tokyo based digital therapeutics startup that aims to provide the world with equal access to high-quality treatment. They successfully launched a nicotine addiction treatment app in 2015. CureApp makes intervention schemes easily accessible without worrying about place or time. They focus on transforming digital therapeutics into standard modes of treatment.
Kohta Satake, Shin Suzuki
Total funding: ¥4.2b
BenevolentAI
BenevolentAI is applying AI and machine learning to genomics in order to change the way medicine is designed and developed. Their technology can decipher complex biological codes to personalise medicines for patients. BenevolentAI focuses on speeding up the process of turning inventive ideas into medicines for patients by developing AI to generate new treatments for untreated diseases.
Brent Gutekunst, Ivan Griffin, Ken Mulvany, Michael Brennan
Total funding: $292m
Paige
Paige has developed an AI-based system that can assist pathologists in accurately detecting new patterns in the cancer tissue, placing the startup at the forefront of cancer diagnosis. The system provides new insights into the cancer and allows pathologists to determine the best treatment options for patients. Paige is a health startup that can truly change the world for the better.
David Klimstra, Norman Selby, Peter Schuffler, Thomas Fuchs
Total funding: $195m
Verge Genomics
Verge Genomics uses artificial intelligence to assist pharmaceutical companies to determine which drugs that have the highest likelihood of succeeding. The startup aims to streamline the medical trial process so as to minimize the money spent on testing drugs that do not work. Verge helps pharmaceutical companies decide on which drugs to advance through the FDA approval process and which to drop.
Alice Zhang, Jason Chen
Total funding: $36.1m
Practo
Practo is a healthcare platform that connects millions of patients with healthcare providers. The startups offer online bookings for consultation and tests and include the added feature of medicine delivery. The startup also provides its users with a diagnostics search feature through high-quality photographs and filter options. It lets users manage their reports and medical data using the app. Healthcare providers see Practo as a godsend as it allows them to build an online presence and gain more exposure.
Abhinav Lal, Shashank ND
Total funding: $228.2m
VillageMD
VillageMD is a health-tech startup that delivers top-notch healthcare to patients. The startup provides all the support that physicians need to drive the highest quality results amongst their patients. With access to patient data and advanced analytics, VillageMD physicians can derive useful insights to manage patient needs and serve therefore their greatest abilities.
Clive Fields, Paul Martino, Tim Barry
Total funding: $491m
MindMaze
MindMaze offers advanced neuroscience solutions to aid with neuro-rehabilitation. The startup develops medical-grade virtual reality products to help with neural recovery. It provides patients with immersive virtual reality rehabilitation programs helping stroke victims undergo a more effective recovery and treatment. MindMaze has also diversified into new applications in gaming and brain machine control.
Tej Tadi
Total funding: $110.7m
Dacadoo
Dacadoo helps people maintain healthier lifestyles through a combination of techniques from behavioural science, gamification principles and social networking. The health startup assigns its users a health score, which increases and decreases according to changes in their physical health, mental health, and lifestyle. This score is derived from questionnaires as well as tracking the physical activities of the user. The company makes healthcare measurable and promotes healthier lifestyles through simple measures.
Peter Ohnemus
Total funding: CHF70m
Psious
Psious is a behavioural health startup that provides a virtual reality platform to improve mental health by treating anxiety disorders and phobias. The platform is home to over 70 VR environments created to treat specific disorders. It also provides tools for mindfulness and relaxation exercises, in order to help patients suffering from depression or other mental illnesses. Psious is breaking real ground in the mental healthcare industry through virtual therapy.
iRhythm Technologies
iRhythm is a digital healthcare company that offers diagnostic monitoring solutions designed to improve cardiac health. The startup has developed a wireless Zio Patch which can be used to diagnose cardiac arrhythmias. Patients can press the patch in case of any distress and log a description of the situation before returning the monitor so the results can be used to make a diagnosis.
Uday Kumar
Total funding: $468.2m
Doximity
Doximity is the largest network platform for healthcare professionals in the United States. Their healthcare resource and interactive platform is home to 70% of US doctors. The platform allows users to read about the latest developments in the medical field, connect with other professionals and share insights on a range of healthcare topics. Doximity is like a social media platform for doctors to learn and grow.
Jeff Tangney, Nate Gross, Shari Buck
Total funding: $81.8m
Lunit
Lunit is a rising star in the field of medical AI that is determined to conquer cancer and advance medical intelligence. Lunit aims to make data-driven medicine the new standard of healthcare with a primary focus on diagnosing cancer. The startup helps physicians make precise and consistent medical decisions through a data-driven imaging biomarker technology. Lunit was founded in Seoul but is currently being used clinically across the globe.
Anthony Paek, Donggeun Yoo, Jungin Lee, Kyunghyun Paeng, Minhong Jang, Sunggyun Park
Total funding: $46.5m
Ada Health
Ada Health is an AI-based medical self-assessment application based out of Berlin. The app poses questions that are personalized by its algorithm, based on the responses from other users. The data is then used to suggest possible health issues and recommend a plan of action, like setting up an appointment or going to the emergency room in case of urgent medical needs.
Claire Novorol, Daniel Nathrath, Martin Hirsch
Total funding: $69.3m
Web: https://ada.com/
Echo
Echo is a free prescription delivery app that allows users to manage and order their prescriptions online. Users simply have to register what prescription they need and the location of their local GP. Once these details are verified with NHS Digital, the prescription will be at your doorstep in no time. Echo helps keep your health on track by ensuring easy accessibility to your prescribed medication.
Sai Lakshmi, Stephen Bourke
Total funding: $8.8m
Lantum
Lantum is a healthcare staffing platform that allows healthcare providers to manage their freelance professionals. Lantum basically acts as a marketplace connecting GP practices with temporary medical staff. It has grown to become a large platform for NHS workforce management, providing SaaS tools like e-rostering, compliance and shift booking.
Ishani Patel, Melissa Morris, William Hoyer Millar
Total funding: $13.8m
Web: https://lantum.com/
RealSelf
RealSelf is a healthcare startup the provides a community platform for cosmetic surgery patients and cosmetic service providers to share personal stories, get recommendations, see before and after photos, ask and answer questions and receive special offers. The platform primarily targets the plastic surgery and dermatology community and has over 2 million reviews.
QuiO
QuiO is working on developing wireless injection devices and compatible software for the clinical trial and chronic disease market. The device basically records injection levels and wirelessly communicates that information to QuiO’s cloud-based software platform. The startup helps prevent common injection mistakes and ensures that the dose is delivered in full.
Alexander Dahmani, Jared Schwartzentruber
Total funding: $1.1m
Web: http://www.quio.com/
Novoic
Novoic uses comprehensive speech analytics to detect neurological diseases such as Alzheimer’s and Parkinson’s, way earlier than current diagnostic methods. The startup is developing a new technique of using medical AI algorithms for analysing audio-linguistic fingerprints of speech for diagnosis and monitoring of various health conditions.
MEDvidi
MEDvidi is an emerging startup focused on transforming mental health care through telemedicine. It connects patients with highly qualified medical providers for convenient and confidential consultations. Emphasizing flexibility and affordability, MEDvidi caters to those seeking timely support. This approach democratizes mental health services, making professional help seamless and accessible to more people, regardless of their location or schedule.
Founded: 2019 – San Jose, USA
Vasili Razhnou, Alex Kulitski
Total funding: $2.8m
Web: https://medvidi.com/
The list above includes startups whose aim is to help improve – and even disrupt – the healthcare industry.
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