Business
The three-year collaboration will focus on developing and implementing virtual reality tools for neurorehabilitation and chronic condition management.
The femtech company also announced users can invest in the app via crowdfunding platform Crowdcube and contribute to its development.
Its latest funding will also go to building new capabilities.
After a drought in rounds worth $100 million or more over the past few quarters, Rock Health noted six in the first quarter of 2023. They made up 40% of total digital health funding in Q1.
The startup provides an app that rewards patients for completing health behaviors like taking medications or monitoring blood pressure.
Bill Taranto, president of Merck Global Health Innovation Fund, talks about the funding environment and how digital health companies can ensure investment this year.
Venture capital panelists discussed how the collapse of Silicon Valley Bank earlier this month could affect digital health at ViVE 2023.
Also, Roche and Astellas have combined their diabetes management solutions.
GV, Thrive Capital and Salesforce Ventures led the company's seed funding round.
The startup previously raised $14 million in 2020.