Digital twin firm Twin Well being secures $50M

Digital metabolic care startup Twin Well being introduced it raised $50 million in funding, two years after securing $140 million in Collection C funding. 

Temasek led the funding with participation from current traders Sofina, ICONIQ Development, Helena, and Peak XV.

WHAT IT DOES

Twin’s product is the Entire Physique Digital Twin, an AI-backed mannequin that goals to supply individualized vitamin, sleep and exercise pointers to assist individuals forestall and reverse metabolic illnesses similar to Kind 2 diabetes.

“The funding will assist propel our technique to scale the supply of our transformative know-how and the way in which it is deployed to much more well being plans and employer companions, attaining decrease prices, higher outcomes and better satisfaction amongst their members and staff,” Jahangir Mohammed, founder and CEO of Twin Well being, mentioned in a press release. 

MARKET SNAPSHOT

A survey of TATA Consultancy Companies futurists and their friends carried out earlier this yr by TCS, a world IT companies, consulting and enterprise companies group, revealed specialists imagine digital twins will reshape society by 2035, with broad adoption in healthcare throughout the subsequent six years.  

Singaporean startup Mesh Bio is one other firm engaged on digital twin know-how. It focuses on using digital twins to assist handle rising circumstances of persistent illnesses, notably in Southeast Asia, the place 62% of all deaths within the area are as a result of non-communicable situations. 

Medical trial tech firm Unlearn makes use of a machine studying mannequin to create digital twins of randomized managed trial contributors, which the corporate pitches as a technique to run smaller scientific trials extra rapidly since they need not discover as many contributors for the management group. 

Unlearn scored $50 million in Collection B funding final yr, bringing its complete elevate to almost $70 million.