Nanalyze May 10, 2021
It’s probably no surprise that money is pouring into healthcare startups during the biggest medical crisis in a century. CB Insights reported that global healthcare funding hit a new record $31.6 billion in this first quarter of 2021. It’s also no shock that the two biggest trends – artificial intelligence and telehealth – also reaped record amounts of private cash. AI healthcare startups raised nearly $2.5 billion, while telehealth companies did even better by netting $4.2 billion in equity funding. That’s the third consecutive quarter to hit record highs in both sectors dating back to Q3’20.
The record-busting streak happens to coincide with a mega-round for a Boston-based startup called Biofourmis that has deployed a machine learning platform for...