The Journal of mHealth Vol 1 Issue 1 (Feb 2014) - Page 10

INDUSTRY NEWS News and Information for Digital Health Professionals Scanadu Secures $10.5 Million in Funding One of the big mHealth stories of 2013 came from Scanadu, and the company looks set to keep making headlines throughout 2014. The company announced in late 2013 that following the overwhelming success of their crowdfunding campaign on Indiegogo, they had received $10.5 million in December in Series A funding. Relay Ventures led the round of funding with participation from Tony Hsieh’s VegasTechFund, Jerry Yang’s Ame Cloud Ventures and others with a track record in building disruptive companies of great value in the mobile, cloud, consumer and healthcare industries. This new round of funding will be used to support Scanadu’s go-to market strategy and manufacturing, continue its path to FDA approval and add talent to the team. The company also announced that it has formed a Medical Advisory Board and will conduct its first clinical trials at the Scripps Translational Science Institute. Continued on page 12 8 February 2014 CES 2014...A Digital Health Showcase Digital Health Dominates CES 2014 This year’s Consumer Electronics Show was once again a tech-lover’s dream with the launch of curved screen televisions and ultra high definition screens amongst the many other tech and gadgetry innovations on show. One trend that was evident at this year’s event was the dominance of Digital Health solutions. The organisers have reported a 40% increase, from last year, in the number of digital health exhibitors. In real terms this meant over 300 medical technology exhibitors. John D. Korry, Managing Director of medical equipment technology consultancy at Accenture, attributes this to the growing trends for digital technology across multiple industries. “We believe this is linked to an overarching trend, which is that every business is a digital business and every consumer, or patient, is a digital consumer.” The show also played host to the 5th Annual Digital Health Summit, with keynote speakers across all areas of digital health, focusing on the latest products and growing consumer demand for high-tech health services, particularly through the lens of the Affordable Care Act. Companies on display encompassed solutions for diagnostics, monitoring and treatmeant of a variety of illnesses -- from obesity to ADHD, from poor vision to high blood pressure. 