Berlin’s Ada Health raises $47 million for global expansion of its AI-driven medical app


Using a mix of artificial intelligence and human doctors, Ada Health has seen a surge of users for its telemedicine app that has investors swooning and ready to bet big on the Berlin-based startup.

Today, Ada Health announced it has raised $47 million in venture capital in a funding round led by Access Industries, June Fund, and Berlin-based Cumberland VC. In addition, the company said that William Tunstall-Pedoe, an AI entrepreneur who originally helped develop Amazon’s Alexa, also invested in the round.

“The future of healthcare lies in a much more patient-centric model where individuals have actionable insights at their fingertips, and doctors and artificial intelligence work together to support patients throughout their healthcare journey,” said Daniel Nathrath, CEO and co-founder of Ada Health, in a statement. “We’ve seen incredible traction since launch, receiving countless messages each day about how we’ve helped someone identify an important health issue and get to Continue reading "Berlin’s Ada Health raises $47 million for global expansion of its AI-driven medical app"

Slack confirms it has raised $250 million at $5 billion valuation amid growing competition


Workplace collaboration platform Slack has closed its long-rumored new round of funding at $250 million, led by SoftBank’s Vision Fund, as it seeks to beat back a growing list of competitors with deep pockets.

According to Bloomberg, Slack said it is still sitting on most of the $591 million it had previously raised. The latest round will give the company “operational flexibility.”

San Francisco-based Slack has been one of Silicon Valley’s hottest startups in recent years. But that success has attracted numerous competitors, including Microsoft, which launched Teams earlier this year; Atlassian, with its HipChat service workplace collaboration; Google, which launched Hangouts Chat this year; and Facebook, which is still pushing its Workplace service.

So $250 million only sounds like a lot of money until you look at those competitors’ balance sheets.

Still, according to Bloomberg, Slack has passed 9 million weekly active users and 6 million daily Continue reading "Slack confirms it has raised $250 million at $5 billion valuation amid growing competition"

Slack confirms it has raised $250 million at $5 billion valuation amid growing competition


Workplace collaboration platform Slack has closed its long-rumored new round of funding at $250 million, led by SoftBank’s Vision Fund, as it seeks to beat back a growing list of competitors with deep pockets.

According to Bloomberg, Slack said it is still sitting on most of the $591 million it had previously raised. The latest round will give the company “operational flexibility.”

San Francisco-based Slack has been one of Silicon Valley’s hottest startups in recent years. But that success has attracted numerous competitors, including Microsoft, which launched Teams earlier this year; Atlassian, with its HipChat service workplace collaboration; Google, which launched Hangouts Chat this year; and Facebook, which is still pushing its Workplace service.

So $250 million only sounds like a lot of money until you look at those competitors’ balance sheets.

Still, according to Bloomberg, Slack has passed 9 million weekly active users and 6 million daily Continue reading "Slack confirms it has raised $250 million at $5 billion valuation amid growing competition"

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