Digital health companies: the real value of Welltok.
Progressively, At Connectikpeople.co with a posture
of a forward-thinking IT leader with global operations, we are very excited to
see how digital technologies improve our living conditions, health conditions
and alimentation conditions. The smart wearable devices trend for instance,progressively has fulfilled our expectations.
Among the key player as the digital
health companies, Welltok has captured our attention, due to its vision, technologies and
set of investors who carry out this project.
The company recently raised $22 Million in Series C
Funding, financing led by NEA, with new participation from IBM, and Qualcomm Incorporated, through its venture
capital arm, Qualcomm Ventures’ life fund portfolio. Additional participants in
the round include existing investors Emergence Capital Partners, InterWest Partners,
Miramar Venture Partners and Okapi Venture Capital.
This new milestone marks a
switch to market expansion and product
development.
For instance, IBM will work with Welltok to build CaféWell Concierge, a new
application infused with Watson’s cognitive
computing capabilities. Meaning that, Welltok’s app will call upon Watson’s ability
to uncover insights from Big
Data by understanding the complexities of human language, reading millions of
pages of data within seconds and improving its own performance by learning.
If unfamiliar, Connectikpeople.co recalls that, Welltok’s Health
Optimization Platform, CaféWell, aims to solve two key challenges: organizing
the expanding ecosystem of health and wellness solutions (apps, condition
management programs, tracking devices, content, etc.) and delivering an
engaging consumer platform that aligns activities with incentives, such as
premium reductions for taking actions that lower Body Mass Index (BMI).
CaféWell accomplishes this through the use of Social Health Itineraries that
are personalized based on an individual’s health status, available benefits,
behavioral characteristics, interests and other factors.
Welltok has raised more than $40 million to date.
