Companies focused on medical devices, telehealth, artificial intelligence and health IT raised a combined $13.1 billion in the first quarter of 2021, according to a recent CB Insights report.
Below are quick notes on how each field fared in Q1:
Medical devices: The medical device field raised $4.6 billion through 359 deals in Q1. The field’s biggest Q1 deals were among digital pathology and point-of-care testing companies.
Telehealth: Through 130 deals from 32 countries, the telehealth field raised $4.2 billion in Q1. Six telehealth companies gained $1 billion valuations: Hinge Health, DispatchHealth, K Health, Inovaccer, Modern Health and Evidation.
AI: The AI field raised $2.5 billion through 111 deals in Q1. The three largest deals were the $400 million raised by Insitro, $200 million raised by Cedar and $190 million raised by Valo.
Health IT: Through 52 deals, the health IT field raised $1.8 billion in Q1. Health data platforms completed some mega-rounds, such as Komodo Health and Clarify, which raised $220 million and $115 million, respectively.
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