The company reported second-quarter revenue of $18.5 million with a net loss of $28.7 million, alongside operating expenses totaling $42.2 million.
Shawn Ellis, managing partner at Distributed Ventures, tells MobiHealthNews why and how the firm's recent raise will go toward advancing digital health.
The round brings the virtual care company's total raise to $205 million.
Informa Markets will manage the massive health technology conference, while HIMSS will continue overseeing content and programming.
The organizations will evaluate the potential of generative AI and cloud technology to improve healthcare.
The partners are releasing a mobile app containing a digital version of the Lippincott Nursing Drug Handbook, complete with FDA updates.
The company utilizes machine learning and patient data to deliver personalized medication management pertaining to polypharmacy.
The purchase comes on the heels of the surgical navigation platform's $82.5 million Series D raise in June.
The Frontier Model Forum will identify best practices for responsible AI development, including supporting the creation of applications geared toward early cancer detection.
It expects continued long-term growth in the demand for virtual care services post-pandemic.
