US-based health monitoring technology provider Twin Health secured $140m in a series C round featuring social project manager Helena yesterday.
The round was filled out by Iconiq Growth, Sequoia Capital India, Corner Ventures, Perceptive Advisors, LTS Investments and Sofina. The capital was raised at a $740m valuation, according to Business Insider.
Founded in 2018, Twin Health uses data collected from numerous non-invasive sensors on patients to create an artificial intelligence-powered digital representation of an individual’s metabolism in ordeer to help track and treat metabolic diseases like type 2 diabetes.
The company’s Whole Body Digital Twin platform uses a predictive model to provide guidance on factors like nutrition, sleep and breathing through a mobile app. The funding will be used to scale its technology.
Twin Health had previously raised $14m from eight undisclosed investors in June 2020 and $25.5m in an October 2020 round featuring nine unnamed investors, according to regulatory filings. Founder and chief executive Jahangir Mohammed had supplied its first $10m in funding.
Mohammed said: “We are each gifted a body. If given a chance, it can heal itself. Our Whole Body Digital Twin lives alongside you – giving you a view into your beautifully complex biology, continuously learning about your metabolism and telling you what you can do to improve your health in the moment.”
