The Digital Health company MyndYou recently secured its Seed round of
financing from Howard L. Morgan, Amplifyher Ventures, Female Founders
Fund, Impact 1st and more.
NEW YORK–(BUSINESS WIRE)–#AI–MyndYou and Mizuho Information & Research Institute (MHIR) have entered
into a partnership agreement to conduct a joint PoC in the Japanese
Market to improve quality of life and prolong independence of senior
adults. The companies aim to commercialize the service by the end of
MHIR will leverage MyndYou’s Artificial Intelligence (AI) platform,
which passively detects changes in cognitive function of individuals
through voice. The platform then delivers actionable insights to care
providers. MyndYou’s full solution allows for detection of changes in
cognitive function through passive tracking of voice and additional
parameters such as walking, driving and daily activities.
This partnership is announced on the heels of MyndYou’s Seed financing
round, led by Howard L. Morgan, with participation by Amplifyher
Ventures, Female Founders Fund and additional investors. MyndYou’s Seed
round brings its financing to-date to $2.1 Million.
The company entered the US market last year and is expanding services to
Physician Practices, ACOs, Home Health Companies and Rehabilitation
“As a growing NY-based company with proprietary technology developed in
Tel Aviv, we have partnered with MHIR to further the global potential
for MyndYou,” says Ruth Polikaine, CEO of MyndYou. “Now, the senior
adult population in Japan will have access to a technology that can not
only reduce readmission rates, but also prolong their independence,
while providing them with personalized, data-driven remote care.”
“The number of dementia patients in Japan has reached 4.62 million and
is expected to increase even further to seven million, which equals to
one in five seniors over 65, in 2025. The disease has become an
important problem not only for the medical field but also for the entire
Japanese society※1. As in many cases, individuals with
dementia receive the diagnosis only after the symptoms have progressed.
Making a diagnosis and providing adequate care in the early stage is
necessary.” says Hitoshi Morio, Joint General Manager, Innovation &
Strategy Division, Mizuho Information & Research.
number of opportunities to grasp changes in cognitive function in the
early stage has declined with the increase of single- person households
and the decrease of chances to interact with others. We see a big
opportunity to change that through the partnership with MyndYou.”
※1”White Paper on Aging Society/ 2016” by the
Cabinet of Japan
With IT as its core
technology, Mizuho Information & Research Institute, Inc. (MHIR) is a
professional organization with approximately 4,700 employees that
provides assistance to corporations in increasing their corporate value
through consulting, system integration and outsourcing services. Our
consulting services provide high-quality solutions to customers, with
experts in four distinct fields looking one step into the future:
socioeconomics, telecommunications, environmental energy and science.
is one of core group companies of Mizuho Financial Group.
The MyndYou artificial
intelligence (AI) platform was designed to revolutionize
cognitive-driven care. Through groundbreaking analytics of speech and
day-to-day activity patterns of older adults collected through remote
care sessions and a seamless monitoring app, MyndYou detects subtle
changes in cognitive functioning that activates care adjustments and
timely interventions. With passive and continuous monitoring, AI-driven
actionable insights, and seamless integration into today’s care methods,
MyndYou empowers clinicians to deliver personalized care that
revolutionizes patient engagement, reduces healthcare costs, and
improves quality of life.
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