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Wednesday, April 1, 2020
A start-up that wishes to utilize psychedelics to deal with dependency simply raised $6.2 million from the host of Shark Tank and the designer behind the world’s most significant marijuana grower

A start-up that wishes to utilize psychedelics to deal with dependency...

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A new company called MindMed just raised $6.2 million in a bid to make psychedelics without their characteristic hallucinogenic qualities. Investors in the round include 'Shark Tank' host Kevin O'Leary, as well as Bruce Linton, the architect behind the world's biggest cannabis grower, Canopy Growth. MindMed says it's currently focused on turning a drug inspired…
This LA start-up turns milk waste into clothes

This LA start-up turns milk waste into clothes

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Founded in late 2018, sustainable fashion start-up Mi Terro creates usable products with materials that would otherwise go to waste. Their most recent product is the Milk Tee, which is produced with excess milk that would otherwise be dumped. CEO and co-founder Robert Luo said that it takes about two months to process dairy waste…
Facebook purchases start-up dealing with innovation that lets you manage computer systems with your mind

Facebook purchases start-up dealing with innovation that lets you manage computer...

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Facebook is purchasing neurotechnology startup CTR-labs.  Graphic by Pixabay/Illustration by CNET Facebook said Monday it's acquiring CTRL-labs, a neurotechnology startup, as part of efforts to develop a wristband for controlling smartphones, computers and other digital devices without having to touch a screen or keyboard. The moonshot project underscores the world's largest social network's efforts to…
Teeth-straightening start-up SmileDirectClub simply toppled in its stock exchange launching (SDC)

Teeth-straightening start-up SmileDirectClub simply toppled in its stock exchange launching (SDC)

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SmileDirectClub tumbled in its trading debut on Thursday, a rare setback for a buzzy startup amid a wave of digital health IPOs. After selling shares to investors for $23 apiece, the stock closed down 28% at $16.67. SmileDirectClub sold 58.5 million shares, raising $1.3 billion in the offering. At its closing price, the company was…
Teeth-straightening start-up SmileDirectClub is set to beginning trading Thursday after raising $1.3 billion in its IPO

Teeth-straightening start-up SmileDirectClub is set to beginning trading Thursday after raising...

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Digital health company SmileDirectClub is set to go public on Thursday after pricing its initial public offering on Wednesday. The company priced its shares at $23 apiece on Wednesday, according to a source familiar with the offering. The share price values SmileDirectClub at $8.9 billion ahead of its first day of trading. Nashville-based SmileDirectClub sold…
The CEO of a start-up that offers Viagra online simply implicated a competitor of swindling his business’s site

The CEO of a start-up that offers Viagra online simply implicated...

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For patients who want to bypass the doctor's office and buy prescription drugs online, services like Hims and Ro's Roman offer rival services to do just that. Now, the competition is heating up, with an accusation by Ro CEO Zachariah Reitano that Hims cribbed part of Ro's website. The claim focuses on an online doctor's…
Microbiome screening start-up uBiome is the 4th biggest start-up to crash and burn in2019 Here are the top 11 start-ups that have actually fallen apart up until now this year.

Microbiome screening start-up uBiome is the 4th biggest start-up to crash...

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A shadow is falling over Silicon Valley, and some of its most promising startups are crumbling under the pressure. Just this Wednesday, high flying microbiome startup uBiome announced it was filing for bankruptcy after months of controversy and federal investigations into its testing procedures and billing practices. The startup, which claimed to test users' stool…
How one start-up strategies to interrupt the $423 billion drug store advantages supervisor market

How one start-up strategies to interrupt the $423 billion drug store...

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Capital Rx, a New York-based pharmacy benefits management (PBM) startup that contracts with employers, announced the launch of a novel "clearinghouse" pricing model in an attempt to clamp down on "spread pricing" — a common practice in which PBMs overcharge insurers for the price of prescription drugs and keep the difference for themselves — Fierce…
Poop-testing start-up uBiome was when valued at $600 million by Silicon Valley’s leading VCs. It simply declared insolvency.

Poop-testing start-up uBiome was when valued at $600 million by Silicon...

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Silicon Valley gut-health startup uBiome has filed for bankruptcy protection, capping months of challenges and setbacks for the once-buzzy startup. uBiome filed for chapter 11 bankruptcy protection in US Bankruptcy Court in Wilmington, Del. Court documents said the company may owe millions of dollars to health insurance companies, and could also face criminal and civil…
A start-up that assists business construct their own AI-based tools simply closed a $725 million round co-led by Goldman Sachs and the world’s biggest insurance company

A start-up that assists business construct their own AI-based tools simply...

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A startup hoping to democratize the use of artificial intelligence just got a big boost from one of the most prestigious firms on Wall Street and the world's largest insurance company. H2O.ai on Tuesday closed a $72.5 million Series D round co-led by Goldman Sachs and the Ping An Global Voyager Fund, a subsidiary of…

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