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Asia Consumer Electronics Health Care Medical Device mHealth

Olive Union Raises $20M to Expand into Digital Hearing Therapeutics

– Olive Union is making smarter hearing health a reality for everyone.
– Olive Union closed a $7M Series B.
– The round was led by Beyond Next Ventures, Bonds Investment Groups and Japan Policy Finance Corporation.
– Olive plans to expand beyond its existing hearing aids product line into new digital therapeutics for tinnitus and overall hearing health, and begin laying the foundation for its next generation of smart hearing technology.
– Olive is the company making smarter hearing health a reality for everyone.
– Olive’s existing technology and future digital therapies are affordable, easy-to-use solutions for the majority of those with some degree of hearing loss.
– Olive plans to expand beyond its existing hearing aids product line into new digital therapeutics for tinnitus and overall hearing health, and begin laying the foundation for its next generation of smart hearing technology.

Artificial Intelligence Consumer Electronics Fitness Machine Learning North America Personal Health

Tonal Raises $250M in Funding at $1.6B Valuation

– Tonal, the most advanced strength and personal training platform, today announced $250m in new funding, valuing the business at $1.6b.
– This brings Tonal’s total funding to over $450m, as it continues to usher in a new era of intelligent fitness and further establishes itself as the clear leader in connected strength training.
– The oversubscribed Series E round is led by Dragoneer, a growth-oriented investment firm with a long track record of successfully identifying category and industry leaders, with participation by Cobalt Capital, new athlete investors, and existing investors including L Catterton and Sapphire Ventures.
– This capital will allow Tonal to further accelerate marketing and content initiatives, while scaling the business and operations by investing in people, logistics, and manufacturing, to more quickly meet its unprecedented demand.

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Artificial Intelligence Biotechnology Consumer Electronics Europe Medical Device

INBRAIN Neuroelectronics Secures $17 Million in Series A Funding for First AI-Powered Graphene-Brain Interface

– INBRAIN Neuroelectronics S.L. announced $16.8m in Series A funding for its disruptive system for treating epilepsy and Parkinson’s disease.
– The investment was co-led by Asabys Partners and Alta Life Sciences and joined by Vsquared Ventures and TruVenturo GmbH.
– The funding will be used to advance INBRAIN’s first-in-human clinical program, aiming to establish the safety of graphene as the new standard of care for neurotechnology devices.
– INBRAIN’s technology harnesses the power of graphene, a two-dimensional material first isolated in 2004 made of a lattice of carbon atoms only one atom thick.

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Asia Consumer Consumer Electronics E-Commerce E-Commerce Platforms Internet

Cashify raises $15 million for its second-hand smartphone business in India

– Cashify, a startup that helps e-commerce firms handle returned items, raised $15m in a new financing round.
– The round was led by New York-based Olympus Capital Asia and joined by five-year-old startup’s existing investors.
– It brings the total funding to $42m.
– The startup operates an eponymous platform for users to sell and buy used smartphones, tablets, smartwatches, laptops, desktops and gaming consoles.

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Consumer Electronics Electronics North America Product Design

Led by co-creator of Nintendo’s Power Glove, this startup raised $2M for its restaurant tech

– Perfect Company, a software and hardware company, raised $2m in funding.
– The funding was led by Oxbridge Capital Partners.
– The company has large chain customers and also partners with restaurant equipment manufacturers.

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