digital health funding
According to the new Rock Health funding report in Q1 digital health companies raised $3.1 billion in new investments. However, with the coronavirus hurting the economy, the rest of the year may not follow suit.
The company is tripling its physician pool by the end of April, and has launched a new patient dashboard.
The new investment brings the medical cybersecurity startup's total raise to $30 million.
The raise will help SteadyMD further develop its technology platform and online services.
The AI company now has a presence among more than 500 U.S. hospitals.
CU Healthcare Innovation Fund led the Series A round.
The Series A raise comes just a few months after the company raised $3 million in seed funding.
The company plans to use the money to go to market with the product.
Healthy Ventures was the lead investor this round, with participation from Collaborative Fund, Commerce Ventures, Connecticut Innovations, I2BF Global Ventures and StartUp Health.
The round was led by Octopus Ventures with participation from Y Combinator, Startup Health and Triple Point Ventures.