North America
The social media giant teamed up with researchers from Stanford Lab for Mental Health Innovation to develop short digital exercises for stress.
The new fund will follow in the footsteps of its predecessor, targeting technology investment opportunities that drive value-based healthcare.
The organization reports it has completed retrospective testing and is in the process of prospective testing.
The web and mobile Find Care platform provides consumers with a localized list of partner providers and services meeting their healthcare needs.
CEO and President Dr. Corey McCann said that Somryst, a digital treatment for chronic insomnia and depression, is the first software as a medical device product to be submitted through the regulator's pilot pathway.
The deal comes with an investment of "tens of millions of dollars" from Anthem to K Health.
The service will be launching for consumers this fall.
The round was led by Washington-based Laidir Foundation.
The agency also warned consumers of unregulated diabetes products and outlined plans for AI device regulation.