Mindstrong Health has created a new neurological based AI platform be able to detect brain function through smartphone use. They just had their first round of funding and were able to raise $14 million in total, reveals patientdaily.com. The investors included Foresite Capital, ARCH Venture Partners, Optum Ventures and One Mind Brain Health Impact Fund. This progressive technology monitors the interaction patterns in smartphones and uses that to watch the cognitive brain activity that is used while the smartphone is being used. This means that Mindstrong has the ability to predict mood, mental cognition, and digital biomarkers just by looking at a smartphone. This makes any menial usage of a smartphone useful and is more accurate than a reading that would otherwise be taken in a clinical setting.
This technology will greatly benefit the people who suffer from mental disorders and also revolutionize the current way in which mental health is understood. As it stands, scientists have only a limited amount of knowledge on the subject because it is not as easy as detecting blood pressure or taking a blood cell count. Mental health professionals are forced to rely on a subjective way of diagnosis and this technology has the potential to change that. Mindstrong Health is confident that this platform will be able to provide more accurate diagnosis and a better understand of the brain in general. This will allow the healthcare community to provide better treatment to patients.
Jim Tananbaum, experienced investor and healthcare innovator, is the CEO and founder of Foresite Capital. Foresight is one of Mindstrong Health’s biggest investors and they are excited about this new cognitive technology. Jim attended Yale, Harvard Medical, Harvard Business, and MIT. Jim Tananbaum then went on to work his way into the healthcare, investing, and entrepreneurial industries. He has 25 years of experience in pushing progress forward and supporting various franchises.
Jim was recently awarded by Forbes magazine when he was recognized for his experience as an investor and was added to their Midas List of 2017. He is interested in forward progress in the business sector of the healthcare industry and believes that Mindstrong has the potential to help patients and save money.
Additional Reference: https://www.facebook.com/public/Jim-Tananbaum