Virtual female health clinic Maven secures $27mn in funding
Virtual clinic dedicated to women's and family health, Maven, has been named one of the most innovative healthcare companies in 2018. Housing a leading family benefits platform to help advance women in the workplace, the company has made it easier for parents to start and grow a family during a critical time in their careers.
Founded in 2014 by former journalist, Kate Ryder, Maven operates the largest digital women's and family health provider network, with highly-vetted providers that range from OB-GYNs to women's health physical therapists to career coaches, to give quick, on-demand access to healthcare wherever someone is, whenever they need it.
Providing on-demand access to best-in-class women's and family health specialists, the fast-growing digital health company has bought Sequoia and Oak HC/FT on board, in order to further expand access to its health services, including fertility, maternity and return-to-work care.
Gaining $27mn in Series B funding, Sequoia and Oak HC/FT, alongside existing investors Spring Mountain Capital, 14W and Female Founders Fund, have enabled the business to gain $42mn in funding to support the launch of flagship product.
Its Maven Family Benefits platform works to support working mothers and new parents and is currently offered by employers such as Snap, Cleary, Protective Life and Bumble. Sequoia partner Jess Lee and Oak HC/FT partner Nancy Brown will join the Maven board.
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Additionally, the company has expanded its return-to-work care products with the introduction of a breastmilk shipping service. Combined with the existing Maven healthcare platform, the service will provide more working mothers and parents with the support they need to return to work comfortably and successfully.
"In a system that desperately needs reform, focusing on the core patient—women—and starting with the core experience of millennials starting families, is critical," said Kate Ryder, CEO and founder of Maven.
"This is the beginning of long-overdue change in our healthcare system, and in society at large. At Maven, we're just getting started."
"There are so few companies out there tackling hard-to-solve women's health challenges that are founded by women. Maven has done an amazing job creating a healthcare solution that helps give women the support they need at work," added Jess Lee, Partner at Sequoia. "I'm excited to collaborate with Kate and the Maven team to usher in an era of modern health services for today's working families."
Maven works with global companies that range in size from 200 to 200,000+ people, has grown 14x in the last 12 months, has delivered care to more than 150,000 patients, and was used in 166 countries in the last year. For practitioners, Maven provides the flexibility and modern tools they need to better support patients and clients, and deliver outstanding, low-friction care.
NeuTigers: edge AI in healthcare
What is edge AI?
Edge AI is essentially a combination of edge computing and artificial intelligence. Algorithms are processed locally - directly on a mobile device or server - rather than in the cloud. This reduces cost, computing power and energy requirements. There are also claims that edge AI is so fast it is possible to reach near real-time analytics.
Edge AI devices include smart speakers, smart phones, laptops, robots, self-driven cars, drones, and surveillance cameras that use video analytics.
Who is NeuTigers?
NeuTigers is a spin-off company from Princeton University, formed in 2018 to apply edge AI and machine learning to solve challenges in healthcare, energy, productivity, and security.
With offices in Princeton, NJ, the company is based at one of the top AI accelerator programs of FutureLabs in New York, and has also established a subsidiary in Nice, France.
How is NeuTigers applying edge AI to healthcare?
The NeuTigers AI Technology Stack uses deep neural networks that mimic how the human brain perceives and interprets the world. The company has developed the StarDeepTM Smart Health Platform for health monitoring and biomedical imaging, to improve the accuracy and speed of diagnosing diseases.
NeuTigers say the platform has the potential to monitor and screen for thousands of conditions, when used in combination with medical devices and smart sensors already deployed in healthcare settings.
Are there any real world examples?
In January NeuTigers launched CovidDeep, a tool that predicts COVID-19 with more than 90% accuracy, using physiological data from a wristband along with blood pressure and blood oxygen readings. It then analyses the data and gives a prediction within two minutes.
This week NeuTigers announced a new study to detect the early signs of complications with sickle cell anaemia. Conducted at a hospital in Paris, the research will begin by looking at changes to skin response, heart beat, sleep and temperature to predict an acute episode of sickle cell anaemia, and how this impacts on the patients’ disease conditions and quality of life.
The second phase of the project is to expand with prospective studies across different sites in EU, Africa and the US to explore the models' accuracy and clinical effectiveness.
Adel Laoui, CEO and founder of NeuTigers, says: “The best way to deal with a crisis is to avoid it happening in the first place. We are now entering a new era where medical early warning systems have become a reality.
“We are excited at the possibility of deploying a technology that can save lives of patients dealing with sickle cell anaemia. The potential of the StarDeep platform to dramatically improve patient outcomes while slashing some of the highest costs of healthcare makes it one of the most exciting developments in preventative personal medicine.”