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TELUS Global Ventures invests in Homethrive and Rhino Health

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TELUS Global Ventures has announced new equity investments in two healthcare technology companies: Homethrive and Rhino Health. Homethrive combines human expertise with digital solutions to support elderly care management, while Rhino Health focuses on healthcare AI and secure medical data analysis. These investments bring TELUS Global Ventures' portfolio to over 150 companies.

Homethrive aims to make caregiving more manageable by providing care coordination, healthcare navigation, and emotional support services. Rhino Health specializes in federated learning and edge computing technologies to enable secure, decentralized data processing and AI model training across healthcare organizations.

TELUS Global Ventures ha annunciato nuovi investimenti azionari in due aziende di tecnologia sanitaria: Homethrive e Rhino Health. Homethrive combina l'expertise umana con soluzioni digitali per supportare la gestione dell'assistenza agli anziani, mentre Rhino Health si concentra sull'intelligenza artificiale nel settore sanitario e sull'analisi sicura dei dati medici. Questi investimenti portano il portafoglio di TELUS Global Ventures a oltre 150 aziende.

Homethrive mira a rendere la cura degli anziani più gestibile fornendo servizi di coordinamento dell'assistenza, navigazione sanitaria e supporto emotivo. Rhino Health è specializzata in tecnologie di apprendimento federato e computing edge per abilitare l'elaborazione sicura dei dati decentralizzati e l'addestramento di modelli di AI tra le organizzazioni sanitarie.

TELUS Global Ventures ha anunciado nuevas inversiones de capital en dos empresas de tecnología sanitaria: Homethrive y Rhino Health. Homethrive combina la experiencia humana con soluciones digitales para apoyar la gestión del cuidado de los ancianos, mientras que Rhino Health se centra en la inteligencia artificial en salud y el análisis seguro de datos médicos. Estas inversiones llevan el portafolio de TELUS Global Ventures a más de 150 empresas.

Homethrive busca hacer que el cuidado sea más manejable al ofrecer coordinación de atención, navegación en salud y servicios de apoyo emocional. Rhino Health se especializa en tecnologías de aprendizaje federado y computación en la periferia para permitir el procesamiento seguro de datos descentralizados y el entrenamiento de modelos de IA en organizaciones de salud.

TELUS Global Ventures는 두 개의 의료 기술 회사인 HomethriveRhino Health에 대한 새로운 지분 투자를 발표했습니다. Homethrive는 인간의 전문성과 디지털 솔루션을 결합하여 노인 돌봄 관리를 지원하고, Rhino Health는 의료 AI 및 안전한 의료 데이터 분석에 중점을 둡니다. 이러한 투자는 TELUS Global Ventures의 포트폴리오를 150개 이상의 회사로 확대합니다.

Homethrive는 돌봄 조정, 의료 탐색 및 정서적 지원 서비스를 제공하여 돌봄을 보다 관리하기 쉽게 만드는 것을 목표로 합니다. Rhino Health는 의료 조직 간의 안전하고 분산된 데이터 처리 및 AI 모델 교육을 가능하게 하는 연합 학습 및 엣지 컴퓨팅 기술을 전문으로 합니다.

TELUS Global Ventures a annoncé de nouveaux investissements en capital dans deux entreprises de technologie de la santé : Homethrive et Rhino Health. Homethrive combine l'expertise humaine avec des solutions numériques pour soutenir la gestion des soins aux personnes âgées, tandis que Rhino Health se concentre sur l'IA en santé et l'analyse sécurisée des données médicales. Ces investissements portent le portefeuille de TELUS Global Ventures à plus de 150 entreprises.

Homethrive vise à rendre les soins plus gérables en fournissant des services de coordination des soins, de navigation dans le système de santé et de soutien émotionnel. Rhino Health se spécialise dans les technologies d'apprentissage fédéré et de calcul en périphérie pour permettre un traitement sécurisé des données décentralisées et l'entraînement de modèles d'IA au sein des organisations de santé.

TELUS Global Ventures hat neue Beteiligungen an zwei Unternehmen für Gesundheitstechnologie bekannt gegeben: Homethrive und Rhino Health. Homethrive kombiniert menschliche Expertise mit digitalen Lösungen zur Unterstützung des Managements der Altenpflege, während sich Rhino Health auf KI im Gesundheitswesen und die sichere Analyse medizinischer Daten konzentriert. Diese Investitionen erhöhen das Portfolio von TELUS Global Ventures auf über 150 Unternehmen.

Homethrive hat zum Ziel, die Pflege durch die Bereitstellung von Koordination, Gesundheitsnavigation und emotionalen Unterstützungsdiensten besser handhabbar zu machen. Rhino Health ist spezialisiert auf föderiertes Lernen und Edge-Computing-Technologien, um sichere, dezentrale Datenverarbeitung und das Training von KI-Modellen in Gesundheitsorganisationen zu ermöglichen.

Positive
  • Portfolio expansion to over 150 companies indicating strong investment growth
  • Strategic investment in elderly care management technology addressing growing market need
  • Investment in healthcare data analysis technology enabling secure cross-organizational collaboration
Negative
  • None.

Insights

The investment in Homethrive and Rhino Health represents TELUS's strategic expansion in the digital healthcare sector, though specific investment amounts weren't disclosed. The move strengthens TELUS's position in two high-growth markets: elderly care management and healthcare data analytics.

Homethrive addresses a 159 billion eldercare market in North America, with significant growth potential as the population ages. The B2B model of offering caregiving support as an employee benefit provides a scalable revenue stream. Meanwhile, Rhino Health taps into the healthcare AI market, projected to reach 187.95 billion by 2030.

For TELUS investors, these investments diversify the company's healthcare portfolio and position it for long-term growth in digital health solutions. The federated learning approach by Rhino Health could provide competitive advantages in handling sensitive healthcare data.

The technological significance of these investments lies in their complementary nature to TELUS's existing healthcare services. Rhino Health's federated learning platform solves critical challenges in healthcare data sharing and AI model training without compromising privacy - a key differentiator in the market.

Homethrive's digital-human hybrid model represents an innovative approach to scaling caregiving support, particularly valuable as healthcare systems face staffing shortages. The platform's integration of care coordination with emotional support addresses both practical and psychological aspects of caregiving.

These additions to TELUS's portfolio of over 150 companies demonstrate a cohesive strategy in building an integrated digital health ecosystem, potentially creating synergies across their healthcare offerings.

These investments scale innovations in elderly support management, secure healthcare data analysis, and advanced diagnostic technologies, leading to a more accessible, efficient and patient-centric care ecosystem

VANCOUVER, BC, Oct. 31, 2024 /PRNewswire/ - TELUS Global Ventures is participating in two new funding rounds with equity investments in Homethrive and Rhino Health. Illinois-based Homethrive addresses the growing need for elderly support by combining human expertise with digital solutions, making caregiving more manageable for families. Headquartered in Boston, Rhino Health transforms healthcare AI, bridging medical data sources and the researchers that need to analyze health data to speed up advancements in healthcare. These new investments bring the number of companies supported by the TELUS Global Ventures to more than 150.

"As a global leader in digital innovation and healthcare solutions, TELUS' readiness and capability to swiftly deploy capital to help scale health tech innovations will contribute to promoting adoption of transformative care solutions," said Terry Doyle, Managing Partner, TELUS Global Ventures. "Investing in Homethrive and Rhino Health allows TELUS Global Ventures to play an active role in addressing the caregiving crisis, improving data-driven healthcare decisions and accelerating proactive care approaches. TELUS Health already possesses technologies and services that enhance lives through preventive health solutions, and we are eager to collaborate with both companies to foster a more accessible, efficient, and patient-centered healthcare ecosystem by leveraging the commercial connectivity of our investments."

Homethrive: helping caregivers with resources they need

Homethrive leverages technology to support family caregivers and their loved ones, addressing the growing challenges of elder care in an aging population. TELUS Global Ventures' investment will help the company scale its platform which offers a range of services, including care coordination, healthcare navigation and emotional support for both caregivers and care recipients. The caregiving crisis affects millions of families, with many struggling to balance work, personal life and caregiving responsibilities, and professional care management services are often expensive and out of reach for many families. Homethrive's goal is not only to reduce caregiver stress and improve care quality, but also to make expert support more accessible and affordable, including by partnering with employers to provide this as an employee benefit.

"The support of TELUS Global Ventures is an exciting opportunity for us to expand our reach and deepen the impact we have on caregivers and their loved ones. Their expertise in healthcare will help us to provide even more comprehensive, meaningful support to those who rely on us during some of life's most challenging moments," said David Greenberg, Co-CEO of Homethrive.

Rhino Health: Streamlining end-to-end healthcare research and AI development

The world produces vast amounts of healthcare data annually, but much of it remains siloed and underutilized due to privacy concerns and regulatory restrictions. TELUS Global Ventures will enable Rhino Health'  to continue designing next-generation solutions by leveraging federated learning and edge computing – technologies that both enable secure, decentralized data processing and AI model training. Rhino Health has enabled its partners to build networks of health systems, life sciences companies, and public sector organizations allowing for data collaborations across multiple continents, without compromising patient privacy or IP confidentiality.

"We are grateful to the TELUS Global Ventures team for their support and partnership as we continue to build products across the data collaboration value chain for healthcare and beyond," said Rhino co-founder & CEO, Dr. Ittai Dayan. "With this new investment, we will continue to act as a bridge between medical data sources and researchers by facilitating rapid setup of computational pipelines across various data sources which accelerates use cases in healthcare, life sciences, and other regulated industries with constraints on processing sensitive data."

About TELUS Global Ventures

At TELUS Global Ventures we leverage deep insights from our global businesses to provide our investment partners with opportunities for tangible growth and traction. To date, TELUS Global Ventures has funded more than 150 companies that are poised for significant growth and market transformation, spanning across 10 countries and five continents.

Media Contact
François Marchand
TELUS Media Relations
francois.marchand@telus.com

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SOURCE TELUS Global Ventures

FAQ

What companies did TELUS Global Ventures (TU) invest in during October 2024?

TELUS Global Ventures invested in Homethrive, an elderly care support management company, and Rhino Health, a healthcare AI and data analysis company.

How many companies are now in TELUS Global Ventures' (TU) investment portfolio?

Following these new investments, TELUS Global Ventures' portfolio now includes more than 150 companies.

What services does Homethrive offer through TELUS's (TU) investment?

Homethrive offers care coordination, healthcare navigation, and emotional support services for both caregivers and care recipients, available through employer benefits programs.

What technology does Rhino Health develop with TELUS's (TU) investment?

Rhino Health develops federated learning and edge computing technologies for secure, decentralized data processing and AI model training in healthcare.

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