Artificial Intelligence
Rose Health, One of Mid-Atlantic’s Hottest Mental Health Technology Startups, Announces Oversubscribed Seed Round
BALTIMORE, Jan. 12, 2021 (GLOBE NEWSWIRE) — Rose Health, a Baltimore-based mental health technology startup recently named one of the DC area’s 21 startups to watch, announced the conclusion of its oversubscribed seed round, with $1.73M in accepted commitments, 80 percent from strategic investors to the company. The company had initially planned to raise a $1.5M seed round, but overwhelming investor demand necessitated the company increasing the round by 15%. The round was led by Maryland-based Old Line Capital Partners, a venture firm specializing in innovative and disruptive early-stage technology companies.
Funds raised will be used to support customer acquisition, new feature development, the creation a child/adolescent version of the Rose Mental Health platform and a first-of-its-kind employer program pilot with The Visiting Nurse Service of New York.
“We continue to receive positive feedback from physicians on how Rose is a game-changer for improving patient care and outcomes,” commented Kavi Misri, founder and CEO of Rose Health. “With the rise in mental health issues and the demand on clinicians to treat patients suffering from depression and anxiety, there is a growing need for the Rose app to help fill the gap with remote patient monitoring and support. The overwhelming commitments we’ve received from investors will allow us to accelerate our next phase of development and demonstrates the industry’s confidence in Rose’s mental health solutions,” said Misri.
The core of Rose Health’s technology is the mental health patient monitoring app and provider dashboard. Using patent-pending AI and natural language processing technology, the app is able to detect markers in speech and emotion to help identify early warning signs of depression and mood disorder conditions. The platform produces a Rose score, a patient’s mental health credit score, based on the user’s input into the app.
“We are extremely impressed with the technology and performance of the Rose app since its launch,” commented Quentin Smith of OLCP. “Old Line Capital is focused on investing in disruptive technologies, and was blown away by the combination of sophisticated, patented technology and evidence-based studies that show positive outcomes – a combination that separates Rose from the other products on the market. There is nothing like this on the market, and we are excited to see the company’s continued growth and impact on the industry.”
Notable investor Visiting Nurse Service of New York (VNSNY) joins the seed round as both an investor and a client. With over 15,000 dedicated clinicians and health care professionals—including registered nurses, rehabilitation therapists, social workers, and certified home health aides, VNSNY will use the Rose app in conjunction with other services they offer to create a holistic solution for the 44,000 patients they see every day. “The toll the COVID-19 pandemic has taken on the mental and emotional health of our front-line workers and their patients cannot be overstated, and we were searching for a robust solution,” said David Rosales, Executive Vice President and Chief Strategy Officer of VNSNY. He added: “Rose has all the elements needed to support us and will be critical in helping us build mental health resiliency in the patients we serve and prevent burnout among our staff.”
Additional investors in the seed round include Underdog Ventures; two-time NFL Superbowl Champion Torrey Smith; Dr. John Shivdat, Chairman and Medical Director of Emergency Medical Services, HCA Healthcare of Coliseum Medical Center; Robert Rothenberg, Partner of SM Isragroup LLC; Dr. Faizi Ahmed et al. of Tampa Neuropsychiatry; a partner at the law firm of Milbank LLP; David Warschawski, CEO & Founder of Warschawski; Dr. Erik Ilyayev, CEO & Founder of My House Visit; Brandon Gelbart of White Cloud; Patrick Conlin, Principal of Conlin & Co.; BD Health Services; Dr. Sadi Benzaquen; Rafi Benzaquen; Rose Health Ventures; and Amrit Lakan, Managing Partner of Sunshine Health Ventures.
ABOUT ROSE HEALTH:
Rose Health is a comprehensive technology solution that provides a HIPAA-compliant mental health monitoring platform based on clinical trials and research by Johns Hopkins University. The Rose Health platform is powered by patented artificial intelligence (AI) and Natural Language Processing (NLP) technology, which enables it to identify key indicators and warning markers for the presence and/or advancement of mental health symptoms in a user’s responses to questions and prompts. Rose offers a mobile app for the 43 million Americans experiencing mental illnesses and an artificial intelligence-powered tool for health care providers to monitor and support their patients. (rosehealth.com)
Media contact: Hanly Rogers 443-570-2983
Artificial Intelligence
First Comprehensive Report on Public Web Data Released by Bright Data
Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.
Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html
Artificial Intelligence
OSIA becomes an official International Telecoms Union (ITU) standard
ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).
The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor. More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
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View original content:https://www.prnewswire.co.uk/news-releases/osia-becomes-an-official-international-telecoms-union-itu-standard-302124668.html
Artificial Intelligence
SciBase will present at the Redeye Medtech Event on April 24th
STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.
On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
View original content:https://www.prnewswire.co.uk/news-releases/scibase-will-present-at-the-redeye-medtech-event-on-april-24th-302124656.html
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