Mindstrong Health is promoting their exciting new neurological based platform that will have the ability to monitor brain function. In a recent report by PatientDaily, they announced that in the first round of funding, they were able to collect $14 million from investors including Foresite Capital, ARCH Venture Partners, Optum Ventures and One Mind Brain Health Impact Fund. This technology tracks the interaction patterns monitored in smartphones and compares that against cognitive brain function recording detected while the device is in use. This technology allows Mindstrong to collect information on mood, cognition, and digital biomarkers. Brain function can be detected while the average use of smartphone, so just checking social media and scrolling up and down will be worthwhile.
This AI based technology has the potential to completely change the way mental health is viewed and it will provide relief for those who suffer from mental disorders. Scientists currently have a very limited understanding of mental health and this will allow them to collect for detailed data on the subject. This will allow the process of diagnosing mental illnesses to be more accurate and clinical. Mindstrong Health hopes to encourage the study and improved understand of the brain function and how it relates to mental disorders. This collection of information from Google will allow the healthcare community to better understand how the brain works and provide solutions for treatment.
Jim Tananbaum is the CEO and founder of Foresite Capital (see, linkedin.com), one of the companies that is invested in Mindstrong Health’s new cognitive technology. Jim began his interested in the progressive investing and healthcare world when he attended Yale, Harvard Medical, Harvard Business, and MIT. After that he went on to work in the healthcare, investing, and entrepreneurial industries where he now has 25 years of experience. He is very focused on the potentials for healthcare franchises and operational opportunities in the business sector of the healthcare industry.
Jim was honored by being recognized by Forbes magazine as an accomplished investors as he was added to their Midas List in 2017. He is responsible for founding and aiding various healthcare franchises that are aimed toward innovation and progressive ideals.
Check out his website: officialjimtananbaum.com.