Robotic companion company raises $25M from Toyota’s growth fund
Intuition Robotics, a company that has developed an artificial intelligence-enabled robotic companion for seniors, raised $25 million.
The funding, which includes $20 million in venture capital and $5 million in venture debt, was led by investment company Woven Capital, Toyota Motor Corp.’s growth fund.
Read more: A new robot is here to help seniors feel less lonely
Intuition developed ElliQ, an AI-enabled device for older adults to combat loneliness and promote healthy and independent living. The Israeli-based company rolled out a commercial launch of ElliQ through state-level aging agencies in New York, Washington and California. In May 2022, the New York Office for the Aging partnered with Intuition to bring ElliQ to approximately 800 seniors.
The company said it plans to use the funding to expand into other U.S. markets. Along with Woven, investors included Toyota Ventures, OurCrowd and Western Technology Investment.
Spencer Health Solutions raises $43M in Series D funding
Spencer Health Solutions, a company that developed a device to keep track of when medication should be taken, raised $43 million in a Series D funding round.
The company’s device, which combines telehealth, medication dispensing and analytics, is used by patients as well as pharmaceutical companies conducting decentralized clinical trials in a patient’s home.
Spencer said it will use the $43 million to grow in the U.S., Europe and Canada, add team members and expand sales and marketing resources. With the Series D round, it has raised $66.5 million, according to data provider Crunchbase.
Clinical trial tech company QuantHealth raises $15M
QuantHealth, an AI-enabled clinical trial tech company, raised $15 million in a Series A funding round.
The Tel Aviv, Israel-based company has developed an AI-enabled platform that aims to predict how patients in a clinical trial will respond to treatments. It said it will use the funds for commercial expansion, product development and expansion of the platform beyond clinical trials.
The company recently expanded into the U.S. market and works with biotech companies and clinical research organizations.
The round was co-led by venture firms Bertelsmann Investments and Pitango HealthTech, with participation from existing investors Shoni Top Ventures and Nina Capital. QuantHealth has raised $20 million, including the Series A funding.
India-based MediBuddy raises $18M
MediBuddy, a digital health platform company based in India, raised $18 million from existing investors.
The company, which offers virtual and in-person care across India, said it will use the funds for growth through acquisitions. Investors included Quadria Capital, Lightrock and TEAMFund.
With the latest round, MediBuddy has raised $210 million, according to Crunchbase. In February 2022, it raised a $125 million Series C funding round.
