AlayaCare, a tech startup that focuses on home healthcare, has let go of 60 employees, or 14% of its workforce, BetaKit reported Aug. 16.

Digital health cannabis care startup EO Care has launched.  The subscription-based platform offers medical cannabis to Massachusetts patients with chronic pain, anxiety and sleeplessness.

Artificial intelligence funding in healthcare is skyrocketing with more than $3 billion poured into the sector in the first half of 2022 and nearly $10 billion in 2021, Politico reported Aug. 15.

Former Google CEO Eric Schmidt's $2 billion venture firm Innovation Endeavors named Joel Dudley as a partner. 

Health IT company Edifecs has added four executives to its leadership team.

North Carolina is selecting technology consulting firm KPMG and software company Red Hat to modernize North Carolina’s Medicaid software program.

Incredible Health, a healthcare career marketplace for nurses, has reached a $1.65 billion valuation following an $80 million series B funding round.

KeyCare, a digital health company built with Epic, has raised $24 million in series A funding.

An Aug.16 report from Forbes lists 25 startups most likely to reach $1 billion valuation in the company's lifetime.

Two hospitals in the United Kingdom lost millions after the valuation of an artificial intelligence company they invested in dropped and was delisted from London's Stock Exchange for small- and medium-sized growth companies, according to The Register.

Butterfly Network, a digital health company that offers its ultrasound technology to hospitals, has let go of 10 percent of its workforce.

Sema4, a genomics spinoff of New York City-based Mount Sinai Health System, has let go of 250 employees as part of an effort to save $50 million in 2022.

Digital health company Get Well has launched the first digital care plan for monkeypox. 

GE Healthcare led a series F funding round for ECG technology company AliveCor. 

Digital health company UpHealth has reached a debt financing agreement worth $67.5 million through a sale of variable rate convertible notes due Dec. 15, 2025.

Big Data analytics company and magazine Analytics Insight created a list of the 10 artificial intelligence startup companies with the most funding in 2022.

Singer and actress Selena Gomez’s mental health startup, Wondermind, has received a valuation of $100 million, according to an Aug. 11 report in Bloomberg. 

Meditation and mental wellness app Calm has laid off 20 percent of its staff, The Wall Street Journal reported Aug. 11.

Dallas-based home health services company Signify Health is laying off 489 employees in Texas, South Dakota, New York and Connecticut, according to an Aug. 12 report from CT Insider.

Virtual reality company FundamentalVR has raised $20 million is series B funding for its surgical simulation platform.