CNBC May 27, 2021
Key Points
– Headquartered in Berlin, Ada Health has raised a $90 million funding round at an undisclosed valuation that brings total investment in the company up to around $150 million.
– “The app basically works like a WhatsApp chat with your trusted family doctor, but 24/7” Nathrath, CEO of Ada Health, told CNBC.
– Bayer led the round through its Leaps by Bayer investment arm, while Samsung invested through the Samsung Catalyst Fund, which is a U.S.-based venture capital fund that Samsung Electronics uses to back companies worldwide.
German digital health firm Ada Health, which has developed a doctor-in-your-pocket style app that uses artificial intelligence to try and diagnose symptoms, has been backed by investment arms of South Korea’s...
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