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
- Tempus AI, a technology company leading the adoption of AI to advance precision medicine and patient care, acquired cancer genomics company Personalis for $1.5 billion
- BlackRock, Carhartt, Ford Motor Company, and Google partnered to launch the Alliance for America’s Skilled Trades, a new initiative focused on expanding access to skilled trades training and helping meet the nation’s growing workforce needs. The founding members of the Alliance have already independently committed to supporting skilled workforce training initiatives in 30 states across the U.S.
AI News
- Coalition for Health AI, a nonprofit organization founded by clinicians to advance responsible health AI, launched PULSE (Public health Use case and Learning Scaling Engine), a national initiative designed to help state, tribal, local, and territorial public health agencies responsibly evaluate, implement and scale generative AI
- UCSF Health, Kleiner Perkins and Doerr Capital announced UCSF Health Converge, a new health AI accelerator that brings select companies together with clinicians, operators and technology leaders inside a nationally-ranked academic health systems to build, validate, and scale AI solutions in real care delivery settings
- Cottage Health, a nonprofit healthcare system serving communities along California’s Central Coast, partnered with hellocare.ai, a provider of AI assisted virtual care solutions, to deploy the hellocare.ai platform across inpatient environments throughout Cottage Health
- Specialty Dental Brands, a specialty focused dental support organization serving affiliated orthodontists, pediatric dentists, and oral surgeons, partnered with Videa, an AI-powered solutions that reduces complexity across the dental workflow, selecting it as its dental AI platform
- Maiden Lane Medical, a patient-centered multi-specialty healthcare organization, partnered with Flexzo Ai, an AI-powered healthcare staffing platform that connects healthcare organizations with healthcare professionals, to modernize clinician recruitment, accelerate speciality services expansion, and support next-generation workforce operations through artificial intelligence and automation
- Raintree, an electronic health record and practice management platform for rehabilitation and physical therapy organizations, acquired Spike Technologies, a developer of agentic AI voice technology for healthcare
- Lyric, a provider of healthcare decision intelligence for payment accuracy, acquired Concert, a precision health payment accuracy leader with proprietary technology for translating machine-readable policies into real-time decisions
- The University of Toronto partnered with Cohere, a provider of sovereign AI, to support co-ordination of complex tasks across different systems within U of T’s forthcoming enterprise-wide AI platform
- The Michigan Futures Initiative, a University of Michigan interdisciplinary research initiative, launched its pilot project, researching ways to create ethical and sustainable artificial intelligence and data centers
Really big financings:
Healthtech:
- Crystalys Therapeutics, a clinical-stage biopharmaceutical company addressing the significant unmet medical needs of people living with gout, raised a $130 million Series B financing led by Frazier Life Sciences with participation from Wellington Management, HBM Healthcare Investments, Soleus Capital, Cormorant Asset Management, Trails Edge Capital Partners, Pivotal bioVenture Partners and KCap Biotechnology Fund and all existing investors – Novo Holdings, SR One, Catalys Pacific, Perceptive Xontogeny Venture Funds, Lightstone Ventures, AN Venture Partners, funds managed by abrdn Inc., KB Investments, Pontifax, Longwood Fund, Alexandria Venture Investments, Wedbush Healthcare Partners and Prebys Ventures Fund
- Candid Health, an autonomous RCM platform, raised $120 million in Series D funding led by Sixth Street Growth, with participation from Oak HC/FT, 8VC, and Y Combinator
Big financings:
Healthtech:
- TYBR, a medical device company developing a sprayable hydrogel to keep internal organs scar-free after surgery, raised a $30 million Series A financing led by Vensana Capital and Mutual Capital Partners, with participation from Neovate Capital Partners and existing investors
- Transcripta Bio, an AI-powered drug discovery company focused on neurological and neuromuscular diseases, raised $24 million since its Series A from Mayo Clinic and Omnimed along with existing investors JAZZ Venture Partners, BlueYard Capital, and a group of life sciences family offices
- Elio, a company building sensors designed for artificial intelligence rather than the human eye, raised a $21 million funding round led by Innovation Endeavors and Xora, with participation from Kevin Weil and Scribble VC. Existing investors UpWest and Resolute Ventures continued their support
- Hilo, a healthcare company that provides blood pressure, digital therapeutics, and patient management services, raised more than $119 million in funding after closing a $19 million Series B extension, with new backing from Dell Family Office
- TidalSense, an AI-powered respiratory diagnostics company, raised $19 million from new investor Cross-Border Impact Ventures, a North American health tech impact fund, and returning investors BGF, Airstream Capital and Foresight Group
- Karoo Health, a cardiovascular technology company building an operating system supporting cardiac care, raised a $16.2 million Series A financing round co-led by 7wire Ventures and Allumia Ventures, with participation from First Trust Capital Partners, LLC, SpringRock Ventures, Hyde Park Angels, and other marquee investors
- Prosper Medical, a a telemedicine platform that connects members with physicians for personalized healthcare services, raised $16 million led by FUSE with participation from Aurum Partners, Better.vc, Cal Innovation Fund, Fluent, Latitude Capital, Knoll Ventures, and WTI
- Plazza, a healthtech startup builds a technology-led pharmacy retail and medicine delivery platform, raised $15 million in a round co-led by Accel, Elevation Capital, and Nexus Venture Partners, with participation from existing investors All In Capital and Better Capital
- Brenus Pharma, an allogeneic platform to generate immune therapy ambitioning to harness patient immune system and prevent cancer resistance, raised a $12.6 million extension to its Series A round from existing investors, including Angelor, UI Investissement, Crédit Agricole, Noshaq, Orsa, BIO JAG, and Bpifrance, along with new international investors Sambrinvest and Korea Omega Investment Corp
Not so big financings:
Healthtech:
- CARPL.ai, a radiology AI marketplace and enterprise platform, raised a $10 million Series A round led by International Finance Corporation, with participation from Stellaris Venture Partners and other investors
- Tikva, a biotechnology company developing engineered, allogeneic cell therapies for adult and pediatric patients with solid tumors, raised an $8 million Series A financing led by Kantharos Capital
- Cheiron, which models the live state of a drug program as a single connected system, raised an $8 million seed round led by Menlo Ventures with the backing and strategic support of industry veterans including Robert Langer, Freda Lewis-Hall, Josh Meier, and Laxman Narasimhan, among others
- N-Zyme Biomedical, a clinical-stage biotechnology company developing therapies targeting pepsin, raised $4.6 million in Series A funding from undisclosed investors
- Estrigenix, a pharmaceutical company specializing in oestrogen biology, raised a $2 million seed financing led by Talents Fund I
- Reme-D, a healthtech company developing and manufacturing molecular diagnostic solutions, raised a $1.45 million Pre-Series A funding round led by Anara Impact Capital, with participation from the Global Innovation Fund, Africa Health Ventures, and other investors
- Bioscan Research, developer of a screening and monitoring medical device for early detection of diseases, raised $1 million in a seed funding round led by Unicorn India Ventures
- Elle, MD Technologies, developer of a non-hormonal vaginal contraceptive ring, raised C$1.1 million from H Venture Partners, Invest Nova Scotia, the New Brunswick Innovation Foundation, CBDC Hants-Kings, Queen’s University Tricolour Venture Fund, Spring Invest Together and Startup TNT. Robin LeBlanc also participated in the round
Edtech:
- Imagi, a company that helps provide K-12 students and teachers with the tools to teach and build curriculum around coding, basic computer skills, and AI literacy, raised a $4.5 million seed round, with investors including Brighteye Ventures, Day One Capital, and Will.i.am
- Codar, which provides professional tech programs to help people kickstart their careers in tech, raised $1.5 million from undisclosed investors
- Sortmyprep, a vertical AI education platform built for school exam preparation, raised $350,000 in a pre-seed funding round from Boman Irani, Sameer Mehta, Subrat Pani, Rohini Kasturi, and Ranjit Pawar
Policy and government
- Delaware Governor Matt Meyer signed three bills aimed at lowering health care costs, expanding access to care, and protecting Delaware hospitals from private equity ownership. Senate Bill 1 makes permanent Delaware’s requirement that state-regulated insurers spend at least 11.5% of their medical costs on primary care and requires them to offer payment models that reward doctors for keeping patients healthy rather than for the volume of services they bill; Senate Bill 13 expands and standardizes hospital charity care across Delaware, so patients earning less than 300% of the federal poverty level may qualify for free care regardless of insurance status; and Senate Bill 313 establishes a two-year moratorium on for-profit actors gaining control of Delaware health systems
- A federal appeals court rejected a challenge to a settlement agreement, and required the Education Department and Secretary of Education Linda McMahon to continue discharging the federal student loans for more than 500,000 Americans
Random news
- Prodigy Education launched a $50,000 giveaway for its #ClearTheList campaign, where each week, until September 11, 25 teachers will receive a $250 Amazon gift card to help them cover classroom supply costs this back-to-school season
