Operation, AI, doctors
AI/Machine Learning

An artificial intelligence ethics expert says Generative AI needs more rules on risk in health and medtech to prevent disasters

- March 16, 2023 4 MIN READ

A new study published in The Lancet by artificial intelligence ethicist Dr Stefan Harrer has argued for a strong and comprehensive ethical framework around the use, design, and governance of generative AI applications in healthcare and medicine, because it has the potential to go catastrophically wrong. The peer-reviewed study details how Large Language Models (LLMs) have… Read more »

Kitea, Simon Malpas
Funding

Kiwi remote care medtech Kitea Health raises NZ$6 million for brain implant monitor

- March 9, 2023 2 MIN READ

A New Zealand medtech startup that’s developed a world’s first wireless brain monitor to remotely manage chronic illness has raised NZ$6 million (A$5.6m) to take the device to clinical trials. Kitea Health spun out of the University of Auckland Bioengineering Institute after developing the implantable long-term brain pressure sensor, which could save the healthcare system… Read more »

Jaala Pulford
People

Former Victorian innovation minister Jaala Pulford takes on chair role at MTPConnect

- February 28, 2023 2 MIN READ

Former Victorian innovation, medical research and digital economy Jaala Pulford,  has joined the board of medtech, biotech and pharma growth centre MTPConnect, replacing Sue MacLeman as chair. Pulford left politics after 16 years at the 2022 state election, and had a strong focus on medical innovation, having established mRNA Victoria and also playing a key role… Read more »

Synchron inventor Professor Nicholas Opie
Funding

Jeff Bezos & Bill Gates back Australian brain-computer interface startup Synchron in $110 million Series C

- December 16, 2022 2 MIN READ

Cutting-edge Australian tech scale-up  Synchron, which hopes to give paralysed people the power to control computers with their minds, has raised $110 million in a Series C. Synchron is a clinical-stage endovascular (inside the blood vessel) brain-computer interface (BCI) company founded in 2016 by Dr Tom Oxley and Professor Nick Opie. It is based in Brooklyn, New… Read more »

Funding

Vascular imaging medtech raises $8.5 million

- November 14, 2022 2 MIN READ

Sydney medtech startup Vexev has raised $8.5 million to ramp up the global expansion of its 3D medical imaging device. The round was led by San Francisco based deep-tech VC Neotribe Ventures with Blackbird chipping in, alongside, vascular surgeons and imaging firms, Propeller founder Rory San Miguel and Dovetail’s Benjamin Humphrey The new capital is… Read more »

Funding

Canberra medical imaging startup Aurabox banks $500,000 Angel round

- May 5, 2022 2 MIN READ

Canberra medical imaging startup Aurabox has raised $500,000 in Angel investment to transform how doctors and patients collaborate and share medical imaging. Founded in 2021, Aurabox is a software-as-a-service platform that enables the seamless sharing of medical imaging between doctors and patients.  The medtech startup plans to use the funds to complete technical development and run… Read more »

brain
Funding

Cochlear backs medtech startup EpiMinder in $16 million bridge funding round

- March 15, 2022 2 MIN READ

Melbourne-based epilepsy monitoring startup Epi-Minder has raised $16 million  bridge financing round. The raise was backed by existing shareholders including Cochlear, the Bionics Institute, the University of Melbourne and Seer Medical, as well as private investors. The venture plans to use the cash to expand clinical trials for epilepsy monitoring device, Minder, as well as… Read more »

Funding

Kiwi medtech Formus Labs raises US$5 million to transform orthopedic surgery

- February 4, 2022 2 MIN READ

A New Zealand medtech startup that’s developed  the world’s first automated 3D planner for joint replacement surgeries has raised US$5 million. The round coincides with Formus Labs launching its orthopedic surgery planning solution which provides surgeons with unprecedented insight into the pre-operation planning process. The investment was led by New Zealand VC firm GD1 (Global… Read more »