On-demand telehealth company Tyto Care adds Sanford Health, Itochu and Shenzhen Capital Group as strategic investors

TechCrunch | 1/17/2019 | Staff
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Tyto Care, a telehealth company that enables physicians to conduct on-demand remote exams, announced today that it has added $9 million to its Series C, bringing the round’s total to $33.5 million. The new funding comes from strategic investors Sanford Health, Itochu, and Shenzhen Capital Group. First announced last year, the oversubscribed Series C was led by Ping An Global Voyager Fund, run by the Chinese financial conglomerate.

Itochu, Shenzhen Capital Group, and Sanford Health, the largest rural not-for-profit health care system in the United States, will serve as Tyto’s new strategic partners as it expands in Japan, China, and the U.S., its largest market. The New York-based company has now raised $54 million to date.

Tyto - Telehealth - Service - Set - Hardware

Tyto’s telehealth service combines a set of connected hardware that patients keep at home and video calls with doctors. Called TytoHome, the small handheld tools are used to examine the heart, lungs, throat, ears, skin, abdomen, heart rate, and body temperature of a patient, enabling doctors to assess their condition remotely and decide if they need further medical care. Tyto also integrates with third-party tools for blood pressure, blood oxygen saturation, and weight scales. Patient data can be aggregated into Tyto’s data platform, which the company says will eventually be used to help with diagnosis and health alerts.

Remote health exams are especially helpful for children, elderly people, patients with chronic conditions, and patients recovering from operations who need frequent monitoring. In an email, CEO and co-founder Dedi Gilad told...
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