Mindstrong Health is a well-known startup that focuses on using the modern smartphones in the treatment and diagnosis of some neuropsychiatric conditions. Just recently, the firm announced to the world that it had managed to secure 14M dollars in Series A funding. The money was collected from investors from all over the country. Some of the investors include Optum Ventures, ARCH Venture Partners, Foresite Capital and One Mind Brain Health Impact Fund. The funds will help the company to reach its goals.
The founder and chief executive officer of Mindstrong Health, Paul Dagum says that most of the modern medicine that has been developed is mainly based on objective measurement. However, experts have been limited when tracking the mental health of patients in the clinical environment. Paul believes that it is impossible for the professionals in the industry to improve the outcome of the people with a mental health condition if there are no objectives measures available. Dagum also says that chronic illnesses like heart diseases and diabetes have all the measures they need, unlike the mental health disorders. Mindstrong Health has been in the market for a while, and it is using a technology that will be able to deliver a continuous and very objective technology of behaviour that has not been utilized in the industry before.
Under the leadership of Paul Dagum, Mindstrong Health has worked hard to develop a reliable platform where the patient’s pattern of typing and scrolling in the smartphone is used to measure how their brain is functioning. The platform has proved to offer reliable information about the mood-cognition and mood of the patient. The device also measures the processing speed, function and memory of the patients.
Jim Tananbaum is the chief executive officer of a well-known company known as Foresite Capital. Jim founded the company several years ago to help investors in the health industry the help they needed to succeed. As the founder and also the chief executive officer of Foresite Capital, Jim Tananbaum has done a lot to make many pharmaceutical companies to reach their dreams. Jim Tananbaum says that he chose to support Mindstrong Health in their objectives because of their ability to understand some of the complex challenges in the medical community. Tananbaum says that people suffering from mental problems will benefit from the institution. For more info, visit his Linked In profile.