Business
The layoffs represent 13% of the AI-backed genomic and clinical data company's workforce.
A memo sent to employees from CEO David Ko said the company is "not immune to the impacts of the current economic environment."
The virtual reality startup said the investment brings its total raise to more than $30 million.
The startup's tool records and transcribes conversations between providers and patients, and then organizes relevant information about health conditions, symptoms and next steps.
It will soon launch its mobile app on Android and iOS devices.
The multinational digital health company posted Q2 revenue of $265.4 million, compared with $57.5 million during the same period last year. It also reported a $157.1 million loss.
Also, Northwestern University spinout Sibel Health raises $33 million, and real-world evidence startup Atropos Health scoops up $14 million.
San Diego-based medical device company ResMed has announced the acquisition of mementor, a consumer software developer that offers a digital solution for insomnia.
The company offers a virtual clinic for people with chronic gut conditions like irritable bowel syndrome and gastroesophageal reflux disease.
The funds will accelerate expansion to deliver care to Medicare Advantage members in rural Michigan.