Singaporean digital therapeutics startup Biofourmis raises $35 million for chronic disease management

June 03, 2019
Digital Transformation More...
by Nardev Ramanathan
Very important

Biofourmis has now brought its total investment raised to over $40 million. It also just obtained FDA 510(k) clearance for RhythmAnalytics, a cloud-based software that uses deep learning to extract and interpret more than 15 types of cardiac arrhythmias. This investment round was led by big-name VCs like Sequioa Capital, MassMutual Ventures, and Singapore government-linked investment arm EDBI. Clients looking to partner with digital therapeutics startups should look at examples like Biofourmis. Biofourmis' partnerships with clinical centers in Singapore and Boston allows it to validate its product in Asian and American demographics in parallel, which addresses unique population differences and enables its product to reach a larger market.

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