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The sensor-embedded pill will be used to treat and monitor colorectal cancer patients receiving care at Fairview Health Services.
The new money will be put towards growing the company's AI-assisted decision support capabilities and growing its team.
Also: New funding announcements from Nomad Health and Powerdot.
The additional strategic funding will help the telehealth company strengthen its push into European and Asian markets.
The startup will also look to increase its commercialization efforts through new hires and healthcare stakeholder partnerships.
Also: Sandoz selects finalists for Healthcare Access Challenge, while applications for UK medtech business accelerator close on 20 January.
The Fitbit BYOD program is the first digital health initiative launched within the NIH's major precision health project.