Tencent-linked health AI developer Medopad raises $25m

A sticker featuring the logo of Tencent Holdings Ltd. is seen during a news conference in Hong Kong, China, on Thursday, March 21, 2019. Photographer: Justin Chin/Bloomberg

Medopad Ltd., a U.K. artificial intelligence startup teaming with China’s Tencent Holdings Ltd. on new approaches to disease, raised $25 million for clinical studies of its health technology.

Leaps by Bayer, an investment arm of Bayer AG, led the series B round, Medopad said in a statement. The London-based firm is focused on finding and using digital indicators of illness to guide treatment of conditions like Alzheimer’s disease and diabetes.

Tencent partnered with Medopad last year on developing a system to remotely monitor Parkinson’s disease patients, and the companies are now committed to establishing a medical AI lab in China. The British company is also collaborating with partners including Johnson & Johnson on understanding how to use data generated by wearable devices to monitor patients and determine what treatments will work best.

In Parkinson’s disease, for example, Medopad is looking for ways to use AI analysis of patients’ walking and speaking patterns to manage treatment, avoiding frequent trips to doctors’ offices or clinics. The new funds will help with testing applications in heart disease, depression, Parkinson’s and diabetic nerve disease.

Bloomberg

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.