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Digital health hits record funding in 2018, totaling $14B: Is it enough?

“Startup Health, an organization that supports and fosters digital health startups, announced that funding totaled $14.2 billion in 2018, which is 14 times more than it was in 2010” reports fastcompany.com. The digital health sector shows no signs of slowing down.Startup Health found that newer niche sub-sectors also saw increased funding, most notably machine learning, blockchain, artificial intelligence, and the Internet of Things.Startups in the mental health sector, meanwhile, received record-breaking funding with a total of $602 million.But despite impressive strides in industry funding, StartUp Health cofounder and president Unity Stoakes notes an interesting paradox: “Health innovation today is progressing slower than we think and faster than we ever dreamed possible–at the same time,” he wrote in a recent blog post.
 
Source: fastcompany.com



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