Trevia Digital Health Raises $1.6 Million For Its Diabetes Care Platform

Overland Park, KS-based startup Trevia Digital Health has raised $1.6 million in early stage venture funding according to a recently filed SEC Form D. This round is Trevia’s first disclosed investment round. The company began its fundraising push in December 2014, and continued throughout 2015. A March 2015 Form D filing showed only modest progress, with $117,000 in confirmed investments. In its newest filing, Trevia appears to have hit its stride, brining its total raised to $1.6 million out of a targeted $8 million initial round. Investors have not been disclosed, but Trevia does report that it has secured investments from 14 individuals or institutions thus far. While the momentum appears to be picking up, the round will likely close sometime in 2016, and appears destined to fall short of its initial $8 million goal.

Trevia is building a business around the need to improve diabetes care coordination, a market ripe for disruption that has attracted the likes of Google, which is working to on a number of projects aimed at improving the technology used to monitor blood glucose levels; and IBM Watson, which has partnered with both Medtronic and Novo Nordisk to bring Watson’s analytics capabilities to the software side of diabetes management. For its part, Trevia is building a telehealth platform designed to improve access to eye exams for diabetics. Diabetic eye exams are a critical, but often missed, preventative measure used to monitor for signs of diabetic retinopathy. Diabetic retinopathy is a condition in which uncontrolled blood sugar damages the blood vessels responsible for providing nutrients to the retina, leading to vision loss and glaucoma. If caught early, the condition can be corrected with laser surgery, and so preventative screenings are part of the standard treatment plan for all diabetics.

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Trevia Digital Health Raises $1.6 Million For Its Diabetes Care Platform

Overland Park, KS-based startup Trevia Digital Health has raised $1.6 million in early stage venture funding according to a recently filed SEC Form D. This round is Trevia’s first disclosed investment round. The company began its fundraising push in December 2014, and continued throughout 2015. A March 2015 Form D filing showed only modest progress, with $117,000 in confirmed investments. In its newest filing, Trevia appears to have hit its stride, brining its total raised to $1.6 million out of a targeted $8 million initial round. Investors have not been disclosed, but Trevia does report that it has secured investments from 14 individuals or institutions thus far. While the momentum appears to be picking up, the round will likely close sometime in 2016 and appears destined to fall short of its initial $8 million goal.

Trevia Digital Health Raises $1.6 Million For Its Diabetes Care Platform

Trevia is building a business around the need to improve diabetes care coordination, a market ripe for disruption that has attracted the likes of Google, which is working to on a number of projects all aimed at improving the technology used to monitor blood glucose levels, and IBM Watson, which has partnered with both Medtronic and Novo Nordisk to bring Watson’s analytics capabilities to the software side of diabetes management. For its part, Trevia is building a telehealth platform designed to improve access to eye exams for diabetics. Diabetic eye exams are a critical, but often missed, preventative measure used to monitor for signs of diabetic retinopathy. Diabetic retinopathy is a condition in which uncontrolled blood sugar damages the blood vessels responsible for providing nutrients to the retina, leading to vision loss and glaucoma. If caught early, the condition can be corrected with laser surgery, and so preventative screenings are part of the standard treatment plan for all diabetics.

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Google Glass 2.0 Welcome News For Many Digital Health Glass Startups

Google has updated its Google Glass FCC filing with new images and descriptions of a second edition device expected to be released in 2016. The new device represents a strategic shift of Google’s original vision for Glass. While Glass was originally designed as a consumer electronics device, it is now being designed as a workplace tool, and will be marketed under the Glass Enterprise Edition label when it is released. Rumors have swirled around the Google Glass project since Google pulled the plug on its Glass Explorer program in January 2015. At the time, it was reported that Glass would be redesigned for the workplace, and Google encouraged Enterprise developers to continue working on their apps. One industry analyst responded, “Given the uncertainty around the program and whatever changes may come in the next few months, it’s likely that many developers will put their efforts on ice until they hear more about Google’s plans for the platform.”

Those plans began to solidify over the next several months. Google confirmed that its Glass team was being moved out of the X labs and under the direction of former Nest CEO Tony Fadell, and that software updates for the devices would cease. For the next year, Google has quietly worked to improve its original design. Now, with both pictures and descriptions available on the FCC website, the public can see the changes Google has put in place. The most notable physical difference is that the new version can be folded up like a pair of traditional glasses, something that the original Google Glass could not do and one of the most requested enhancements to come from the Explorer program. Glass also got a larger display prism, an external battery pack, improved WiFi connectivity, and a new chip set that improves overall performance.

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Samsung Announces New Processing Chip Designed For Fitness Trackers

Samsung announces that it has developed a new logic chip that it is calling the “Samsung Bio-Processor.” The chip was designed for use in health-tracking wearable devices, and can process data from five different biometric signals simultaneously, placing it among the most sophisticated bio-processors available to date. Differentiating Samsung’s chip is that it is an all-in-one unit that includes a signal processor, power management circuit, flash memory, and all other sub-components needed to effectively manage data processing within a wearable fitness device. By consolidating these functions within one chip, Samsung is eliminating the need to incorporate multiple single-purpose chips into a wearable prototype that is typically already tight on physical space. Samsung reports that the new chip takes up one-quarter the size that its discrete parts would require in a device using single-purpose chips.

Samsung Announces New Processing Chip Designed For Fitness Trackers

The chip itself has been developed to support a wide variety of measurements, including body fat, skeletal muscle mass, heart rate, heart rhythm, skin temperature, and stress level. These measurements can be captured individually, and can also be combined to calculate proprietary exertion or fitness scores.

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Top 10 Digital Health Stories of 2015

2015 was another milestone year for digital health. Startups in the sector managed to attract the same level of record-breaking funding seen in 2014. Major technology vendors, including IBM, Google, and Apple, have expanded their own digital health strategies. The FDA has continued to loosen regulations within the industry, and the ONC is beginning its push to open new data sources to third-party developers.

To those working day-in and day-out to bring innovative solutions to healthcare’s problems, thank you. Here is HIStalk Connect’s top digital health stories of 2015.

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