Mindstrong Health is a device startup that emphases on the use of a smartphone to not only diagnose mental disorders but also help in the treatment of any neuropsychiatric disorders. The startup has secured roughly $14 million during the first phase funding, Series-A, from investors such as Foresite Capital, Optum Ventures, ARCH Venture Partners and One Mind Brain Health Impact Fund (http://www.massdevice.com/neuropsych-treatment-diagnosis-platform-dev-mindstrong-health-raises-14m-series/). The founder and CEO of Mindstrong Health, Paul Dagum Saud said that all contemporary medicines are based on impartial measurement, but mental health tracking relies on subjective reports found in clinical environments. So to enhance the outcomes of people suffering from mental disorders, Dagum says objective measures such the ones used for diseases such as diabetes ought to be invented. This is why technology at Mindstrong is used to deliver endless objective measures of human behavior and reasoning at a great insight than never before.
Mindstrong developed a platform that relies on patients’ pattern of typing and scrolling through their smartphones so as to measure how their brain functions. According to Ideamensch.com, some of the information that the platform can provide include the patient’s mood and reasoning biomarkers which include the processing speed, function, and memory. Jim Tananbaum who is a Chief Executive Officer and managing director of Foresite Capital which is one of the Mindstrong Health investors said that the founders of this startup have done an incredible job. He added that through their innovation, some critical challenges underlying the methods used to care for mental health patients can now be resolved because it is easy to understand the condition of the patient. Mindstrong said that they would release the results from the clinical trial soon so as to support the platform.
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About Jim Tananbaum
Jim Tananbaum is the founder and Chief Executive Officer of Foresite Capital. He established the company in the year 2011 with a focus to identify upcoming healthcare leaders and as well help them in growing to profitability by providing networks, capital, and relevant information. Before the birth of Foresite Capital, Jim had also co-founded other healthcare investment practices and biopharmaceutical companies. Jim is visionary about all aspects that concern health care, and this makes him a great investor in the industry.