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Through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the funding will largely go towards a slew of tech startups, such as Able Innovations, Cognota (formerly Synapse), Mero Technologies, and BlueDot, to create over 230 skilled jobs across GTA through tech-focused initiatives.
In digital health’s dismal funding market, Carbon Health announced on Monday that it snagged $100 million in Series D funding from CVS Health Ventures.
The news came days after Carbon said it had laid off more than 200 employees and was shutting down several programs, including its efforts in remote patient monitoring and chronic care. In an interview with Insider, Carbon’s CEO, Eren Bali, acknowledged that the company, once reportedly valued at $3 billion, had to change course on its plans to grow quickly across the US.
BDC Capital report finds Canadian VCs are hiring more diverse candidates but facing difficulties with talent retention (BETAKIT)
The report’s findings are encouraging on the career advancement side of the equation: women and visible minorities account for at least half of promotions at 72 percent and 53 percent of Canadian VCs who provided answers, respectively.
Digital health is a gamechanger, bringing the future to life, today.
Alberta Innovates is leading the evolution of healthcare as a connector, collaborator, convenor, and funder, driving improvement in the entire healthcare ecosystem. We’re shifting the paradigm from high cost, high acuity health care to personalized, self-managed care that’s digitally enabled and data informed.
In Alberta, we are combining our collective strengths to reimagine healthcare delivery while simultaneously creating new economic opportunities for our province. Together, we will build a bold culture ready to push boundaries, stretch our thinking and change the world.
LeanTaaS, Hospital IQ join forces to address hospital operational optimization (FIERCE HEALTHCARE)
Together, the pair optimizes operations at over 180 U.S. health systems, 4,500 operating rooms, 12,000 infusion chairs and nearly 18,000 inpatient beds. By combing LeanTaaS’ bread and butter of infusion, surgical and inpatient flow capacity optimization with Hospital IQ’s focus on workflow automation for inpatient flow and surgery, the pair expects to create an AI powerhouse.
Alphabet’s Verily Lays Off 15% of Staff (THE INFORMATION)
Alphabet’s life-sciences subsidiary Verily is laying off 15% of staff, or roughly 250 people, according to an internal memo reviewed by The Information, a move that raises the prospect of job cuts at sister company Google.
The layoffs across Alphabet appear to be the first cuts at the company stemming from a macroeconomic decline since the 2008-09 financial crisis. The recent slide has significantly slowed Google’s advertising-sales growth.
Speaking with BetaKit, Henderson explained how he approaches technical hiring from a process perspective and his advice for other CTOs or heads of talent looking to recruit.
See Jane Run: How a B.C. startup ignored the tech bubble hype – and is thriving through the crash (THE GLOBE AND MAIL)
It was August, 2021, and the technology sector was overheating. Companies were going public at a torrid clip. Each week another Canadian startup became a “unicorn” valued at US$1-billion. Investors fired money bombs at young enterprises seemingly with abandon and scant diligence. Revenue mattered more than profit, which didn’t matter at all.
World Health Organization, Canadian startup Firstline team up to combat global health threat of antibiotic resistance (BETAKIT)
The WHO declared AMR as one of the top 10 global public health threats facing humanity, and claimed it can be made worse by the over-prescription of unnecessary antibiotics.
Report: Digital health funding declines to $15.3B in 2022 (MOBIHEALTHNEWS)
According to Rock Health’s investment report, 2022 marks a significant decline from 2021 when digital health companies raised $29.3 billion.
According to Get A-Head, its integration into Vector Health will enable the latter to expand its offerings from telehealth and non-invasive lab testing to also include mental health support. The acquisition closed in late August this year.
Founded in London in 2018, Peppy offer services around menopause, fertility, pregnancy and early parenthood to a corporate customer base, which then offers it for free to employees. The twist is that those services are largely individualised, with personal video consultations and the like.
SG health tech startup Holmusk raises $45m Series B round led by Veradigm (DEAL STREET ASIA)
Veradigm led Holmusk’s $45-million Series B financing round that was joined by current investors including Singapore-based Heritas Capital, Health Catalyst Capital, Novartis (dRx Capital), and Northwell Holdings.
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The post H|T: The Healthtech Times – Carbon Health cuts staff, closes $100M first appeared on BetaKit.