Investors Are Chomping at the Bit to Back Promising Digital Health Startups
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It’s a great time to be working in the digital health space. Adoption of digital health solutions are at an all-time high, and venture capital firms are eager to find the next Pear Therapeutics. Santa Barbara, CA-based Cognixion, a neural interface startup, recently raised $12 million in seed funding to develop AI-powered neural interfaces that unlock speech and smart home controls for people with communication and physical disabilities. The funding will help Cognixion develop new adaptive interfaces that make the assisted reality technology easier to use by everyone. Prime Movers Lab led the round with co-investors Northwell Health, Amazon Alexa Fund, and Volta Circle. Activ Surgical recently snagged $45 million in series B funding, bringing its total fundraising efforts to $77 million. Activ said the new funds will support the commercial availability of the ActivInsights software suite, including the first Insight, an augmented reality overlay that displays tissue perfusion in real time without the use of traditional dyes.