An Aug.16 report from Forbes lists 25 startups most likely to reach $1 billion valuation in the company's lifetime.
Digital Health
Two hospitals in the United Kingdom lost millions after the valuation of an artificial intelligence company they invested in dropped and was delisted from London's Stock Exchange for small- and medium-sized growth companies, according to The Register.
Butterfly Network, a digital health company that offers its ultrasound technology to hospitals, has let go of 10 percent of its workforce.
Sema4, a genomics spinoff of New York City-based Mount Sinai Health System, has let go of 250 employees as part of an effort to save $50 million in 2022.
Digital health company Get Well has launched the first digital care plan for monkeypox.
GE Healthcare led a series F funding round for ECG technology company AliveCor.
Digital health company UpHealth has reached a debt financing agreement worth $67.5 million through a sale of variable rate convertible notes due Dec. 15, 2025.
Big Data analytics company and magazine Analytics Insight created a list of the 10 artificial intelligence startup companies with the most funding in 2022.
Singer and actress Selena Gomez’s mental health startup, Wondermind, has received a valuation of $100 million, according to an Aug. 11 report in Bloomberg.
Meditation and mental wellness app Calm has laid off 20 percent of its staff, The Wall Street Journal reported Aug. 11.