Ubie receives $19M extra in Sequence C funding

Japanese well being tech startup Ubie has snapped up $19 million extra in an prolonged Sequence C funding spherical.

The spherical was joined by Sogo Medical Co., AAIC Funding, Japan Impression Funding II Restricted Partnership, Rakuten Capital, Shoko Chukin Financial institution, Japan Finance Company, and Mizuho Financial institution.

This provides to the $26 million raised in its first Sequence C spherical in August, which now totals $45 million. To this point, the corporate acquired $76 million in funding. 

WHAT IT’S FOR

In accordance with a press launch, its recent funds will likely be used to speed up its development and presence in the USA. 

THE LARGER TREND

In April, Ubie introduced its growth to the US market with its AI symptom checker app. It comes with customised AI algorithms that take into consideration native illness developments and different regional traits. 

Following its preliminary Sequence C spherical, the corporate used the proceeds to arrange a neighborhood subsidiary in New York in October. It has turn out to be its second abroad location following Singapore.

In the meantime, the corporate lately appointed Ryusuke Shigetomi, chairman and consultant director of Blackstone Group Japan, to its board as an outdoor director.