Twin Health Secures $53M in Series E Funding, Boosting Valuation to $950M

Twin Health, a startup specializing in AI-powered metabolic health, has successfully raised $53 million in a Series E funding round. The round was spearheaded by Denmark’s Maj Invest, catapulting the company’s valuation to a staggering $950 million.

Based in Mountain View, Twin Health leverages digital twin technology to aid patients in managing and reversing Type 2 diabetes and other metabolic disorders. This is achieved through the provision of personalized health insights. The company was established in 2018 by Jahangir Mohammed, who had previously sold Jasper Technologies to Cisco for $1.4 billion.

Earlier this week, Twin Health unveiled groundbreaking study results in the New England Journal of Medicine Catalyst. The study revealed that 71% of participants utilizing their digital twin platform experienced a decrease in their A1C levels. Furthermore, they were able to reduce or completely eliminate their diabetes medications.

The funding round saw participation from existing investors such as Iconiq and Temasek. CEO Mohammed anticipates the company to achieve profitability in the coming year, thanks to this fresh capital injection.

Twin Health’s innovative platform collaborates with major employers and health plans, including Benjamin Moore and HCSC. They offer a performance-based pricing model, where clients are only billed when patients attain measurable clinical outcomes.

Source: Fortune