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Mindstrong Health announced that it had raised $14 million in a Series–A Funding from different investors, including Optum Ventures, Foresite Capital, and ARCH Venture. Mindstrong Health is a startup that focuses on the use of smartphones to diagnose and treat neuropsychiatric disorders. The objective of the AI powered platform is to offer continuous digital biomakers of mood and cognition. Mindstrong noted that their platform comprises processing speed, memory, attention, and executive function.

Dr. Tom Insel said that the conversion of a person’s patterns of scrolling or typing on a smartphone into particular measures of cognitive function was what excited him most about Mindstrong. The new approach of assessment is the foundation of creating advanced inventions to enhance mental healthcare. Insel noted that even though mental disorders are a worldwide health issue, smartphones offer a potential solution to the problem. Dr. Tom Insel is the co-founder and president of Mindstrong Health.

According to Mindstrong Health’s co-founder and CEO, Paul Dagum, new medicine is being manufactured based on objective measurement. In a clinical environment, tracking of mental health has been hindered by subjective reports. In order to improve the outcomes for individuals having mental health disorders, there is the need for the use of the objective measures that are applied in other chronic diseases. The firm’s technology seeks to deliver continuous and objective measures of behavior at an unmatched level of resolution. Jim posited that Mindstrong’s founding group offers unprecedented understanding of the critical challenges surrounding how cognitive health-disorder patients are treated.

About Jim Tananbaum

Jim Tanabaum is the chief executive officer of the successful Foresite Capital Partners. For three consecutive years, the executive has been named into the Forbes Midas List of Top Tech Investors. Jim is a revered authority in the industry. Notably, Jim Tananbaum has an extensive experience of more than 25 years in investing in different opportunities.

Jim Tananbaum has played an integral role in enhancing the success of different healthcare companies, including GelTex Pharmaceuticals and Theravance. He holds a B.S.E.E. and B.S. from the revered Yale University. He also has a M.D. from the esteemed Harvard Medical School and an MBA from the prestigious Harvard Business School. You can search him on Google to know more.

The CNBC article written by Tim Armour called “Warren Buffett is wrong about this investment strategy” humbly adds his perspective that people need to be careful when investing in the long run because their returns can be diminished due to excessive trading and the ridiculous fees that people get charged while trading. He states that even though that the bull market that we just had recently was a very historic one, markets will seek a recession and it is very important that When that happens, you need to be ahead of the rest of the crowd. Tim Armour made a fantastic final statement by saying that people should start putting money into their retirement funds (401ks) because the baby boomers are now getting into retirement and taking away money from social security.

Tim Armour received his Bachelor’s degree for Economics from Middlebury College and in 1983, he started to work for the Capital Group. IN 1994, he was the Senior Vice President for the American Funds. The Capital Group did a partnership with Samsung Asset Management and Tim Armour wanted to help Korean investors with their retirement funds, and their needs for insurance. He believes that the market selloff can bring more opportunities to Chinese internet companies. The valuations of the internet companies in China are actually looking very strong, even when compared to the valuations of the larger internet companies in the United States. Tim Armour’s thoughts on post Trump market change are very interesting. He believes that quicker economic growth, growing rates and high inflation rates are to come in the future. Click here to know more.

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