The up and coming company Mindstrong Health recently achieved their goal of raising 14 million dollars. This money will be used to build their revolutionary diagnosis platform and neuropsychiatric treatment. The platform was invented so that it could use the patterns of smartphone use and connection in order to monitor cognitive brain function. This device has the potential to completely turn around the medical industry just by using a scroll or text on a smartphone. Mindstrong is going to be a huge turnabout in the way mental health is currently diagnosed.
Right now, mental health disorders are hard to diagnose due to the environment they are taken in. Many people do not act themselves in a clinical environment, making it difficult for doctors to accurately examine them. Mental health diagnoses are also very subjective since the doctor has to rely on social cues they pick up from the patient. Mindstrong could completely change the way this is done and benefit so many people. They hope that soon mental disorders will be as easy to diagnose as high blood pressure. Mindstrong takes measurements through the day and the results are more accurate and natural than what could be recorded in a clinical environment.
Found, CEO and Managing Director of the Foresite Capital firm, Jim Tananbaum, sees great value in this new technology. Jim earned a BS and BSEE from Yal University, and got his MD from Harvard Medical School. In addition, he went to Harvard Business School where he got his MBDA. Jim also earned a degree from MIT. Jim has built up quite a bit of experience and knowledge during his time studying and working actively in the industry. During his time in investment, Jim worked with Prospect Venture Partners II, III and the Sierra Ventures firm. See his medium.com page for more info.
Jim is an experienced investor and has several impressive investments. His biggest investments lie with Amira Pharmaceuticals and Jazz Pharmaceuticals. Jim sees value in Mindstrong not only through its ability to push mental health knowledge forward and benefit patients who suffer with these disorders, but also through the way it has potential to save everyone a lot of money.
Visit his website: officialjimtananbaum.com.