Health Startup Athelas Hits $1.5 Billion Valuation After Pandemic Boom
- Health startup creates remote patient monitoring technology
- Athelas’ active users have grown by 10 times in the last year
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Athelas Inc., a startup that builds remote patient monitoring technology, raised $132 million in new funding, bringing its valuation to $1.5 billion.
Founded in 2016, Athelas experienced sharp growth last year, spurred in part by a shift to remote care during the Covid-19 pandemic. Athelas now has 20,000 active monthly users, 10 times the number of active patients it had in the beginning of 2021, co-founder and Chief Executive Officer Tanay Tandon said.