Antidote Well being confirmed it was shedding employees this week, round seven months after the telehealth startup introduced its $22 Million Sequence A Spherical of financing.
In accordance report by Calcalist, the corporate laid off a couple of third of its workforce, with many of the job cuts coming from its analysis and growth group. Antidote gives digital main care, psychological well being care and hypertension administration in addition to on-line prescriptions and refills.
“Antidote has introduced that it has adjusted its workforce and different direct bills brought on by the present challenges within the financial system and market circumstances,” an Antidote spokesperson wrote in an electronic mail to MobiHealthNews. “These modifications will assist the corporate obtain its long-term purpose of offering inexpensive, high quality care to tens of millions of People.”
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Antidote was launched in January 2021, asserting a $12 million fundraising later this 12 months. At the moment, the startup mentioned it had its headquarters in New York and an R&D group in Tel Aviv, Israel.
When Antidote introduced its Sequence A in March, the corporate deliberate to make use of the funding alongside its seed funding to develop its providers in the US and assist analysis and growth for AI screening and diagnostics. medical determination assist capabilities. Milwaukee Bucks participant Giannis Antetokounmpo additionally invested within the startup this 12 months.
Using telehealth has declined since its heyday on the top of the COVID-19 pandemic, though it accounts for a better share of care than in pre-pandemic instances. Nonetheless, there are a selection of digital care startups and extra established telehealth firms competing available in the market.
There was a wave of layoffs affecting digital well being and well being expertise firms to this point this 12 months.
In response to the report of the the wall road journaldigital psychological well being firm Cerebral is reduce about 20% of its workforce as she restructures her enterprise. Noom digital weight reduction firm too just lately confirmed one other spherical of layoffs.