Top digital health funding: Morgan Health backs analytics company

Cleerly adds $106M to Series C

Cleerly, a company that uses artificial intelligence to diagnose heart disease, announced the close of a $106 Series C extension funding round led by investment firm Insight Partners.

Venture capital firm Battery Ventures participated, among other existing company investors. Cleerly said it would use the new capital to continue scaling the business. A company spokesperson declined to share what portion of the extension round was debt or equity.

Related: Top digital health funding: Morgan Health backs autism startup

Cleerly uses a non-invasive imaging-based software to analyze plaque, narrowing of the arteries, and the likelihood of reduced blood flow — all potential signs of heart disease.

The company announced in July 2022 it had raised $223 million in a Series C funding round.

Merative secures $25M from Morgan Health

Merative, a healthcare data and analytics company, announced it secured a $25 million investment from Morgan Health, a healthcare-focused business unit of JPMorganChase.

The company was formed in July 2022 when private equity firm Francisco Partners purchased Watson Health from IBM for a reported $1 billion, using the assets to launch Merative. It sells data and analytics tools to customers such as self-insured employers, providers, life science companies and governments.

The investment, announced Tuesday, will allow Merative to scale its products and focus on providing additional data to self-insured employers. A company spokesperson declined to release the company’s total funding to date.

The investment is the second in as many weeks for Morgan Health, which recently co-led an $80 million round in autism-focused startup, Cortica, with venture capital firm Nexus NeuroTech Ventures.

Sirona Medical nabs $42M, names new CEO

Sirona Medical, a radiology software company, received $42 million in a Series C funding round.

The round included both equity and debt. Specific details were not available. Investment firm Avidity Partners led the round, with additional participation from other investors such as venture capital firms 8VC and GreatPoint Ventures.

Sirona has developed a software product that combines diagnostic and clinical image viewing, radiology reporting, AI capabilities and other services on a single platform. The company sells the software to radiology practices that work with multiple hospitals. In a release, Sirona said it will use the funds to further develop the platform and expand its commercialization efforts.

Along with the funding, the company also named Hooman Hakami, who served as an executive at GE HealthCare and Medtronic, as its new CEO. Hakami takes over for Cameron Andrews, Sirona’s founder, who will stay on as president.

Soda Health gets $50M to manage MA supplemental benefits

Soda Health, which helps health plans administer their supplemental benefits, received $50 million in a Series B funding round. Read more.

Sollis raises $33M to scale concierge medicine business

Sollis, a concierge medicine provider, received $33 million in a Series B funding round.

The company offers virtual urgent care services, as well as many emergency care services at 11 in-person clinics in New York, California and Florida. The company said it would use the funding to grow, with plans to expand into Texas and open more sites in California and Florida. It company sells consumers individual memberships for $3,500 per year.

Venture capital firm Foresite Capital led the round. A number of venture capital firms including Torch Capital, Montage Ventures, and One Eight Capital participated, along with investment firms Friedom Partners and Read Capital.

The funding brings the company’s total raised to $86 million.