Digital health companies raised more than $700 million during the third quarter, bringing year-to-date funding to $3 billion, according to the latest report from San Francisco incubator and fund Rock Health. That’s more than twice the total at this point last year. The three largest fundraising deals during the three-month period included Proteus Digital Health ($52 million), Teladoc ($50.3 million) and Chunyu ($50 million). Digital health is an umbrella term for companies using information technology to lower costs, boost efficiency, improve preventive care and hit upon new medical insights.
This article originally appeared on Recode.net.
