Healthtech and edtech are two of the fastest growing sectors, with the healthtech market size to reach $3.1 billion by 2033, while the global education technology market size is projected to reach $348.41 billion by 2030.
Each week will do a roundup of the top news, fundings, and IPOs from these two sectors.
Top News
- Infosys, a provider of next-generation digital services and consulting, announced a definitive agreement to acquire Optimum Healthcare IT, a company whose service offerings include Enterprise Application Services, Digital Transformation, and Workforce Management, which features its skill development program, Optimum CareerPath
- OpenAI launched a new initiative in which it will identify 26 students across the US and Canada who are building with AI, as part of its ChatGPT 26 program, specifically those who can demonstrate they can leverage AI to expand their capacity; demonstrate agency; and hold a bold, thoughtful vision for the future
AI News
- Innovaccer, an AI cloud platform for healthcare data management and analytics, launched Innovaccer Galaxy UM, an AI-powered utilization management platform designed to help health plans automate prior authorization, reduce administrative costs, and improve care delivery outcomes
- Chartis, a healthcare advisory firm, acquired Leap AI, builder of AI-enabled healthcare products and solutions
- GE HealthCare acquired Intelerad, a medical imaging software provider for the healthcare industry
- Banzai International, an AI marketing technology company, acquired assets of ConnectAndSell, an AI-powered sales enablement platform serving B2B organizations across financial services, healthcare, technology, and other industries
- Bulloch County Schools expanded its use of digital resources by adding access to Generative Artificial Intelligence, which is limited to two Gen AI tools: Google Gemini and Notebook Language Model, both housed within the protected online space, like a “walled garden,” of the school district’s Google App Suite of learning tools
- Tencent partnered with the City University of Hong Kong to host the inaugural WeTech Academy Principals’ AI Open Class x Tencent AI Campus tour, which leverages Tencent’s technology ecosystem to make AI education more accessible, enable the academic community to turn AI ideas into real-world applications, nurture a new generation of innovation-driven talent, and accelerate AI adoption across Hong Kong
- The University of Houston partnered with Google to provide Gemini for Education and NotebookLM to all students, faculty and staff
Really big financings:
Healthtech:
- Qualified Health, a public benefit corporation providing a secure enterprise AI platform built for health systems, raised a $125 million Series B financing round led by New Enterprise Associates, with participation from new investors Transformation Capital, GreatPoint Ventures, Cathay Innovation, and Menlo Ventures’ Anthology Fund. Existing investors SignalFire, Frist Cressey Ventures, Flare Capital Partners, Healthier Capital, Town Hall Ventures, and Intermountain Ventures also participated
Big financings:
Healthtech:
- Gilgamesh Pharma, a clinical-stage neuroscience company developing breakthrough therapies for psychiatric and neurological disorders, raised a $60 million Series A financing led by Satori Neuro, alongside participation from new and existing institutional investors, including Prime Movers Lab
- Endogenex, a clinical-stage medical technology company pioneering a new treatment for type 2 diabetes, raised a $50 million extension of its Series C financing with Arboretum Ventures joining as a new lead investor, with existing investors participating as well
- Thesis Care, an AI-powered care team platform for scalable clinical capacity, raised $45 million in Series A funding led by Oak HC/FT, with participation from CRV, and additional support from Black Opal Ventures and experienced C-level healthcare technology angel investors
- Doctronic, which offers access to a free personal AI doctor, raised $40 million in a Series B funding round co-led by Abstract and Lightspeed Venture Partners, with participation from existing investors Seven Stars, Union Square Ventures, Tusk Ventures and Mantis
- Adonis, an AI orchestration platform for revenue cycle management for healthcare organizations, raised $40 million in Series C funding led by Quadrille Capital with continued support from existing investors General Catalyst and Bling Capital
- JAAQ, a clinically governed digital health and engagement platform, raised $17 million which includes investment from Meridian Health Ventures, Fuel Ventures, Bolt Angels and Guinness Ventures
- Dimer Health, a clinician-led, AI-native Transitional Care Medicine company, raised $13.5 million in Series A financing led by Team8 and Bill Ackman’s Table Management, with participation from existing investors Silver Circle and TechAviv
- Flexzo AI, an agentic AI workforce system for healthcare providers, raised $12 million in a Series A funding round led by Octopus Ventures, with participation from Fuel Ventures
Not so big financings:
Healthtech:
- Flourish Care, a maternal healthcare platform with the leading doula network, raised $5.7 million in oversubscribed seed financing led by Zeal Capital Partners with participation from Create Health Ventures, Collide Capital, Rogue Women’s Fund, Symphonic Capital, Slater Technology Fund, Catalytic Impact Foundation, Capita3, and others
- Cellbricks Therapeutics, a biotech company pioneering the future of tissue and organ replacement, raised €10 million in a round led by Silicon Roundabout Ventures, with participation from Germany’s Federal Agency for Breakthrough Innovation as well as existing investors ACT Venture Partners and a group of long-term investors backing Cellbricks’ mission
- ImmuneBridge, a company developing allogeneic immunotherapies for cancer, raised a $7.7 million seed round led by NFX, with participation from One Way Ventures, M Ventures, Insight Partners, LongGame Ventures, T.Rx Capital, Healthspan Capital, Sand Hill Angels, and two independent investors
- UpSurgeOn, a deep-tech company active in the development of advanced technologies for the enhancement of surgical skills based on hybrid simulation and digital platforms, raised a €5 million round led by CDP Venture Capital SGR with the participation of Simest S.p.A., Deep Blue Ventures, Azimut Libera Impresa SGR S.p.A., and FBH S.p.A.
- Triangle Health, an AI health navigation platform that gives patients their full medical history and a research team in their pocket, raised $4 million from Kevin Mahaffey, Hannah Grey, Antler Criticality Fund with the State of New Mexico, John Hering, Marty Tenenbaum, and Kestrin Pantera
- Aptadel Therapeutics, a company developing its treatment for Ewing sarcoma, a childhood cancer with a very rapid progression and a low survival rate, raised €2 million from Newsight Tech Angels and the Little Warrior Foundation
- MindDay, a consumer wellness and mental health app, raised €2 million in a funding round from new investors Impactivist and InvESS Île-de-France Amorçage, alongside the company’s historical investors, notably Mutuelles Impact
Edtech:
- GAGA, a Saudi edtech platform delivering live, interactive learning for students aged 4 to 18, raised $2.5 million from Phoenix Venture Partners Limited
- Qweebi, an online STEM learning platform that enables schools to run hands-on engineering and robotics projects entirely through a web browser, raised $500,000 in a seed funding round led by Inflection Point Ventures, with participation from Jeroen Tas and Arpit Jain
Policy and government
- Federal Trade Commission Chairman Andrew N. Ferguson directed FTC staff to form a Healthcare Task Force that will engage in a coordinated, integrated approach to healthcare enforcement and advocacy to protect American patients, healthcare workers, and taxpayers. The Healthcare Task Force will lead targeted enforcement and advocacy initiatives focused on key priorities; devise coordinated agencywide strategies on investigations; take a proactive and strategic approach to identifying amicus and statement of interest opportunities; and identify emerging issues and new priority areas for enforcement and advocacy
- The Department of Education launched two new investigations into Harvard — one scrutinizing whether the University has complied with the Supreme Court’s 2023 ruling striking down affirmative action, and a second probing antisemitism complaints on campus. The announcement came three days after the Department of Justice filed a new lawsuit against Harvard, alleging that the University failed to protect Jewish and Israeli students in the aftermath of Hamas’ Oct. 7, 2023 attacks on Israel
Random news
- The Second City and Funny Girls announced that applications are now open for the second annual Chicago Funny Girls cohort, continuing its no-cost, improv-based leadership program that brings The Second City’s teaching artists into classrooms and community spaces across the city, transforming learning environments into playful leadership labs where students practice collaboration, creative risk-taking, and self-expression
