The Mississauga, Ont.-based firm introduced its desktop computer-sized device, which can test for more than 50 things with a few drops of blood, at the annual meeting of the American Association of Clinical Chemistry in California on Monday. Vital Bio also announced it has raised $48 million to date from Inovia Capital, OpenAI’s Altman, Salesforce CEO Marc Benioff and other investors. (The Logic)
Skip to content
The Mississauga, Ont.-based firm introduced its desktop computer-sized device, which can test for more than 50 things with a few drops of blood, at the annual meeting of the American Association of Clinical Chemistry in California on Monday. Vital Bio also announced it has raised $48 million to date from Inovia Capital, OpenAI’s Altman, Salesforce CEO Marc Benioff and other investors. (The Logic)
Talking point: The VitalOne device is not yet available for sale and the company said the funding will be used for the product’s late-stage development, verification and validation activities, as well as starting clinical studies. It’s one of several companies working toward modernizing blood testing, despite being under the shadow of failed startup Theranos. Its founder Elizabeth Holmes, which had raised more than US$1 billion according to PitchBook, is now serving an 11-year sentence after being convicted of fraud and conspiracy. Loblaw-affiliated Wittington Ventures co-led a US$105-million Series C in San Diego-based Truvian in 2021.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Analysis
Canada’s counter-tariffs would hit the Prairies hard, trade data shows
Briefing
OpenAI, 1Password, Shopify and other tech firms call for ‘collective response’ to AI attacks
Indian finance minister seeks more Canadian money in infrastructure, renewables and startups
Sports and entertainment bets on prediction markets aren’t investments: CSA
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
