Mindstrong Health is a start-up that is working towards building a technology platform for the diagnosis and the treatment of mental disorders. The company recently had fantastic news that they happily shared with the media and the world. They declared that the firm had got $14 million in Series-A Funding from some of the top investment companies. The enterprises that have seen potential in this start-up are Foresite Capital, Bergguen Holdings, ARCH Ventures Partners, One Mind Brain Health Impact Fund and others. The funding will allow the company to take their clinical research to a much broader scale.
Mindstrong Health was set up four years back in Palo Alto, California. Through studying human-computer interactions attentions and applying it to the machine intelligence, the company has managed to answer some of the most fundamental questions of human behavior that has so far been unidentified. While so much research is being performed for the development of treatment for chronic diseases, little is being done for the mental disorders. Mindstrong Health aims to change that and provide people with mental illness improved care.
Jim Tananbaum, the CEO of Foresite, had invested in many healthcare companies over the years, both private and public companies. While some made medical devices, others were researching genomics and biotech. It is the first time that he has seen potential in the mental health care field. Having more than 20 years of experience in this industry, he understands the importance of quantifying the results of mental disorders research to help in providing better treatment. Jim Tananbaum has current stakes in 20 other healthcare companies that are generating good income through their research and clinical tests.
Jim Tananbaum obtained his M.D. from Harvard Medical School, see his Linked In page. After passing from Harvard, he set up his own company with the name of GelTex Pharmaceuticals that he sold to Genzyme after a few years. He then founded Theravance Inc and also been the co-founder in some other companies like Prospect Venture Partners II and III. He was named one of the top 100 venture investors in the Forbes Midas list for three consecutive years starting from 2015.For more info, visit officialjimtananbaum.com.