Molekule hopes to clear the air with $58 million in Series C funding and Berkeley Lab’s seal of approval


This post is by Sarah Buhr from Fundings & Exits – TechCrunch

Silicon Valley air purifier startup Molekule was born out of an idea Dr. Yogi Goswami had back in the ’90s using photo-voltaic technology to kill air pollutants. His son, a young boy at the time, suffered from severe allergies and Dr. Goswami wanted to build something those like him could use in their home to clear the air. But the sleekly designed Molekule took a bit of a blow last fall when Wirecutter called it “the worst air purifier we’ve ever tested.”

Molekule pointed out to Techcrunch the Berkeley Lab did not test for particulate matter larger than .3 microns (which is what Wirecutter tested for) but Intertek Laboratories, which ran a separate test from Berkeley Lab on a Molekule unit, did.

Molekule has since told TechCrunch comparing its PECO technology to the more common HEPA air filter technology is like comparing apples to oranges. “Up until now, everything has been air filtration, not real air purification,” co-founder and CEO of the company Jaya Rao told TechCrunch.

To disprove the naysayers, Molekule sent off its tech for testing at the Berkeley Lab, which concluded no measurable amount of VOC’s or ozone were emitted; Molekule effectively removed harmful chemicals in the air, like toluene, limonene, formaldehyde, as well as ozone, and that “no secondary byproducts were observed when the air cleaner was operated in the presence of a challenge VOC mixture.”

Compare that to Wirecutter’s own assessment that, “on its auto setting, which is its medium setting, the Continue reading “Molekule hopes to clear the air with $58 million in Series C funding and Berkeley Lab’s seal of approval”

Alphabet-backed primary care startup One Medical files to go public

One Medical, a San Francisco-based primary care startup with tech-infused, concierge services filed for an IPO with the Securities and Exchange Commission today.

Internal medicine doctor Tom Lee founded the startup, now valued at well-over $1 billion dollars, in 2007. Lee exited his company in 2017, leaving it in the hands of former UnitedHealth group executive Amir Rubin.

The startup currently operates 72 health clinics in nine major cities throughout the U.S., with three more markets expected to open in 2020 and has raised just over $500 in venture capital from it’s biggest investor, the Carlyle Group (which owns just over a quarter of shares), Alphabet’s GV, J.P. Morgan and others. Google also incorporates One Medical into its campuses and accounts for about 10% of the company revenue, according to the SEC filing. The filing also mentions the company, which is officially incorporated as 1Life Healthcare

Continue reading “Alphabet-backed primary care startup One Medical files to go public”

Collective Health nabs $110 million in funding

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With $37 million in funding, health startup Virta aims to cure type 2 diabetes by watching what you eat

 Type 2 diabetes is a disease affecting 415 million people globally and Virta, a Silicon Valley-based health startup, believes it has something unique to reverse it – remote monitoring of everything you eat.
Most people with the disease end up having to constantly monitor their blood sugar with the prick of a needle and diabetic pills or can “cure” it with bariatric surgery. Read More

Early cancer detection startup GRAIL closes on $900 million in Series B funding

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Miller, just 24 when he left Facebook to serve as the White House director of product, starts Monday at Thrive and… Read More