Editor’s
Note:
This
roundup
is
meant
to
highlight
some
of
the
most
notable
funding
rounds
of
the
month
and
is
not
intended
to
be
comprehensive.
Health
tech
companies
made
several
major
funding
announcements
in
August.
Here
is
a
list
of
some
of
the
biggest
funding
rounds.
EliseAI
Raises
$250M
in
Series
E
funding
New
York
City-based
EliseAI
is
focused
on
automating
systems
in
healthcare
and
housing.
For
healthcare,
it
offers
a
platform
that
automates
conversations
with
patients
over
voice,
email,
text
and
chat.
It
also
helps
schedule
appointments
with
doctors,
and
sends
alerts
about
billing
and
payment.
Its
Series
E
round
was
led
by
Andreessen
Horowitz
(a16z)
and
included
participation
from
Bessemer
Venture
Partners,
Sapphire
Ventures
and
Navitas
Capital.
With
the
financing,
EliseAI
will
“expand
its
team
to
accelerate
product
innovation
and
impact,
improving
patient
experiences,
streamlining
operations,
and
advancing
AI-driven
solutions
for
customers,”
according
to
the
announcement.
It’s
hiring
across
all
departments,
including
engineering,
customer
experience
and
marketing.
Eight
Sleep
secures
$100
million
in
funding
Eight
Sleep,
based
in
New
York,
is
a
sleep-fitness
company.
Its
flagship
product
is
called
the
Pod
and
includes
a
mattress
cover
that
provides
cooling
and
heating,
as
well
as
sleep
and
health
tracking.
In
addition,
it
offers
a
blanket
that
connects
to
the
cover
and
also
provides
cooling
and
heating.
It
also
has
a
base
that
fits
to
the
bed
frame
and
can
elevate
to
reduce
back
pressure
and
snoring.
The
$100
million
round
included
participation
from
HSG,
Valor
Equity
Partners,
Atreides,
Founders
Fund,
Y
Combinator,
Charles
Leclerc
(Ferrari
F1
Driver)
and
Zak
Brown
(CEO
of
McLaren
F1).
The
funding
will
be
used
to
help
develop
a
Sleep
Agent,
which
will
be
able
to
“simulate,
test,
and
personalize”
users’
recovery,
according
to
Matteo
Franceschetti,
co-founder
and
CEO
of
Eight
Sleep.
The
company
will
also
develop
solutions
for
menopause
and
sleep
apnea.
Chai
Discovery
rakes
in
$70
million
in
Series
A
funding
Chai
Discovery,
based
in
San
Francisco,
builds
AI
to
predict
and
reprogram
interactions
between
biochemical
molecules.
Its
team
comes
from
AI
companies
like
OpenAI,
Stripe
and
Google
X.
The
funding
was
led
by
Menlo
Ventures
and
included
participation
from
Yosemite,
DST
Global
Partners,
SV
Angel,
Avenir,
DCVC,
Thrive
Capital,
OpenAI,
Dimension,
Neo,
Lachy
Groom
and
Fred
Ehrsam.
It
will
be
used
to
“further
develop
the
Chai
platform,
applying
it
toward
previously
inaccessible
targets,
and
onboarding
select
partners,”
the
announcement
stated.
Twin
Health
secures
$53
million
in
funding
Twin
Health,
based
in
Mountain
View,
California,
creates
a
model
(twin)
of
each
person’s
metabolism
leveraging
data
from
smart
devices,
lab
results
and
meal
logs.
It
can
then
provide
guidance
on
nutrition,
activity
and
sleep
based
on
this
information.
Its
$53
million
in
funding
was
led
by
Maj
Invest
of
Denmark.
It
will
help
the
company
expand
its
partnerships
with
health
plans
and
Fortune
500
companies
in
retail,
healthcare,
financial
services,
technology
and
manufacturing,
according
to
the
announcement.
Picture:
Feodora
Chiosea,
Getty
Images