10 Health Care Startups to Watch Out for in 2023
Apr 11, 2023
Guest User
Health
Startup
Telemedicine
Summary
This article explores 10 innovative health tech startups that are set to make a significant impact in 2023. These companies are leveraging advanced technologies like AI, telemedicine, and digital therapeutics to transform various aspects of healthcare, from cancer diagnosis to mental health support and remote surgical collaboration.
Key insights:
Paige.AI: AI-driven cancer diagnosis tool improving accuracy and speed. Based in New York with $220 million in funding.
Owkin: Uses machine learning to discover new treatments, raising over $300 million. Based in Paris.
K Health: Telemedicine app offering remote doctor consultations, backed by $270 million. Based in New York.
Hims & Hers: Online platform for telemedicine and prescription services, raising over $230 million.
Akili Interactive: Develops prescription video games for neurological and psychiatric disorders, with $300 million in funding. Based in Boston.
Ginger: On-demand mental health platform providing access to therapists and coaches, securing nearly $220 million. Based in San Francisco.
Owlet: Produces smart baby monitors tracking health metrics, raising $208 million. Based in Salt Lake City.
Rightway Healthcare: Offers personalized healthcare navigation for employees, with $130 million in funding. Based in New York.
Viz.ai: AI-powered stroke care platform, raising $291 million and partnering with major healthcare providers. Based in San Francisco.
Proximie: Enables remote surgical collaboration, raising $130 million and partnering with leading hospitals. Based in London.
Introduction
In this article, we'll be taking a look at 10 of these promising startups that are poised to make a big impact in 2023.
1. Paige.AI
Paige.AI is a medical startup that is making a positive impact in the medical industry. With the use of AI, Paige has developed a revolutionary technology that assists pathologists in diagnosing cancer with faster and more accurate results.
This is a game-changer in the fight against cancer, as early detection and treatment are crucial for patient outcomes. The impact of their technology is already evident in the medical community, with many leading cancer centers adopting this technology. It has been instrumental in diagnosing thousands of patients, leading to better treatment outcomes for many.
Paige.AI is based in the bustling city of New York and has received funding of over $220 million. The use of AI in the medical industry is a rapidly growing field, and they are leading the charge. Their innovative technology is transforming the way pathologists work and is paving the way for more accurate diagnoses and treatments.
2. Owkin
Owkin, a Paris-based health tech startup, is using machine learning to revolutionize the medical industry. By analyzing vast amounts of medical data, Owkin can identify new treatment options that traditional research methods may have missed. The startup has already received over $300 million in funding from top investors, including Alphabet's GV and F-Prime Capital, and its innovative approach is attracting attention from medical experts worldwide.
Its AI platform has been adopted by numerous pharmaceutical companies, hospitals, and research organizations. The company's technology is helping to speed up the development of new treatments for various diseases, including cancer and COVID-19. Owkin's platform also enables medical researchers to collaborate more effectively, even if they are working in different parts of the world.
The startup's impact has been significant, as its technology can identify potential treatments more quickly and accurately than traditional research methods. Owkin's work has the potential to revolutionize medical research and help to save lives. As the company continues to grow, it is sure to be a force to be reckoned with in the world of health tech.
3. K Health
Founded in New York City in 2016, K Health is a revolutionary startup that aims to transform healthcare through its telemedicine platform. They have developed a user-friendly app that allows patients to consult with doctors remotely. Patients can easily describe their symptoms and the app provides recommendations for treatment.
This platform has already gained a significant user base, with over 6 million people using K Health to manage their health. Their app is based on a vast dataset of medical records and symptoms, which is utilized by AI-based technology to provide accurate recommendations. The platform's success is also due in part to its user-friendly design, which makes it easy for patients to communicate with doctors and access the care they need.
Moreover, K Health has quickly gained attention and has received significant over $270 million in funding from major investors, including Mangrove Capital Partners and Anthemis Group. With its innovative approach to healthcare and rapidly growing user base, it is set to transform the way we think about telemedicine and personalized care.
4. Hims & Hers
With the rising trend of telemedicine, Hims & Hers is leading the way in providing accessible and convenient healthcare solutions. This innovative startup offers online consultations and prescriptions for a wide range of health issues, from sexual wellness to skincare. Their user-friendly platform allows patients to connect with licensed medical professionals in just a few clicks, making medical care more convenient than ever before.
Hims & Hers has already gained a significant following, with nearly one million registered users across the US. The company has also raised over $230 million in funding, demonstrating strong investor interest in their unique approach to healthcare. Hims & Hers' unique business model, which combines telemedicine with direct-to-consumer sales of prescription medications, has the potential to transform the way people access medical care.
One of the standout features of Hims & Hers is their commitment to making healthcare more accessible to underserved communities. Through partnerships with community organizations and a sliding-scale pricing model, the company is working to address the healthcare disparities that exist in many parts of the country. With their innovative approach to telemedicine and dedication to social impact, Hims & Hers is definitely worth watching in the years to come.
5. Akili Interactive
Are you ready to dive into the world of video games as medicine? Look no further than Akili Interactive! This Boston-based startup is using technology to develop digital therapeutics for neurological and psychiatric disorders. One of their flagship products, EndeavorRx, is a prescription video game that can improve attention in children with ADHD.
This innovative approach to treatment has already gained traction in the medical community, and Akili has secured significant funding to continue their groundbreaking work. It's exciting to see a startup using the power of video games to help transform the lives of those struggling with neurological and psychiatric disorders.
With an expanding customer base, Akili has raised over $300 million in funding and is backed by major investors like Fearless Ventures and Omidyar Technology Ventures. With its innovative approach and commitment to improving patient outcomes, it's clear that Akili is poised for even greater success in the future.
6. Ginger
Ginger, a San Francisco-based mental health platform, is on a mission to improve access to mental health resources. With a focus on on-demand access to licensed therapists and coaches, the platform has quickly gained traction among users seeking convenient and affordable mental health care. In addition to matching patients with the right provider and treatment plan using AI, Ginger also provides tools and resources for self-guided care.
This unique combination of human and digital support has been a key factor in the startup's success. Ginger has raised nearly $220 million in funding from 26 investors, some of them include Blackstone Growth and Transformation Capital.
In addition, Ginger has been gaining popularity as an on-demand mental health platform, with a growing list of prominent clients. Some of their customers include Delta Air Lines, Sephora, Chegg, Domino's, and BuzzFeed. These companies have provided their employees with access to Ginger's therapists and coaches, which has helped to reduce absenteeism and improve overall mental health in the workplace.
7. Owlet
Owlet has transformed the way parents monitor their babies. Based in Salt Lake City, this innovative platform gives a smart sock that can monitor a baby's heart rate, oxygen levels, and sleep patterns. What sets Owlet apart from traditional baby monitors is that it sends alerts to parents' smartphones, giving them real-time updates on their baby's health.
Owlet has also garnered significant funding, having raised a staggering $208 million to date. With such impressive numbers, it's clear that Owlet has become a go-to choice for parents looking to ensure their baby's health and safety.
Owlet's innovative approach to baby monitoring has caught the attention of many prominent investors like Eclipse Ventures, Formation 8, and Pelion Venture Partners, among others. In addition to individual users, it has also formed partnerships with leading hospitals and pediatricians, cementing its status as a trusted name in the baby monitoring space.
8. Rightway Healthcare
Rightway Healthcare is a New York-based startup that's revolutionizing the healthcare industry. The company's personalized healthcare navigation platform provides employees with tailored guidance and support for their healthcare needs. Whether it's choosing the right medical plan, understanding medical bills, or getting recommendations for healthcare providers, Rightway Healthcare has got it covered.
The platform is incredibly user-friendly and accessible via a user-friendly app. It provides employees with the information they need to make informed healthcare decisions and empowers them to take control of their health. With an increasing user base and partnerships with some of the largest employers and insurers in the country, Rightway Healthcare is making a significant impact in the industry.
The company has already raised a whopping $130 million in funding, which is a testament to the confidence that investors have in the company's ability to change the healthcare landscape. Some of the prominent investors include Thrive Capital, Bessemer Venture Partners, and Alphabet's GV.
Rightway has also been successful in securing partnerships with prominent companies such as Lyft, DoorDash, and Warby Parker. The company's commitment to improving healthcare outcomes for employees is clear, and it's exciting to see what the future holds for them.
9. Viz.ai
Viz.ai is a San Francisco-based startup that is making waves in the field of stroke care with its AI-powered platform. The company's platform uses advanced algorithms to analyze brain scans and identify patients with large vessel occlusion strokes, a type of stroke that requires urgent treatment. Viz.ai's platform automatically alerts the stroke team, helping to reduce the time to treatment and improve patient outcomes.
Since its founding in 2016, Viz.ai has raised a total of $291 million in funding, with investors including Greenoaks, CRV, and GV (formerly Google Ventures). The startup has also attracted attention from major healthcare providers, with partnerships in place with hospitals in the US and Europe, including the UK's National Health Service.
Viz.ai's innovative approach to stroke care has earned the company numerous accolades, including recognition from the American Heart Association and being named one of Fast Company's Most Innovative Companies in Healthcare in 2020. With its cutting-edge technology and commitment to improving patient outcomes, Viz.ai is quickly becoming a leader in the field of AI-powered healthcare solutions.
10. Proximie
Proximie, a London-based startup is revolutionizing the world of surgery with its cutting-edge technology. Using the latest in remote collaboration, Proximie allows surgeons from around the world to work together on surgical procedures, providing assistance and mentorship when it is needed the most.
What makes Proximie unique is its ability to connect surgeons across borders and continents, breaking down the traditional barriers that have limited surgical collaboration in the past. The company's platform is easy to use and provides real-time feedback, making it an essential tool for surgeons looking to expand their skillset and learn from others.
Proximie has already attracted significant attention, with $130 million in funding and partnerships with hospitals in the UK, US and Middle East. Some of their prominent customers include healthcare giants such as the NHS, Cleveland Clinic, and King Faisal Specialist Hospital & Research Center. These partnerships are testament to the immense potential of Proximie's technology in improving patient outcomes and advancing the field of surgery.