Kilo Health is creating a digital health tech hub
Kilo Health, a digital health and wellness company, in just a few months acquired 3 health tech startups to strengthen AI and mental health capabilities.
To achieve that, the group is developing its own products and consolidating its position in the digital health market by buying other startups.
In just a few months, Kilo Health bought three health tech startups with a lot of potentials and a quickly growing customer base: Medical Score, Revolab, and Tyler.
According to Tyler, the financial injection will allow the startup to start producing glucose monitoring sensors and accelerate the development of the software required.
The global market for glucose monitoring devices alone is projected to exceed $16 billion by 2027. Experts say this is due to an increasingly pronounced shift in the healthcare sector from a one-size-fits-all to a personalized and data-driven approach.
Revolab is a remote testing service. Revolab app users can select the test they want on their smartphone with just a few clicks and order tools that allow them to take the substances needed for the test themselves (blood, saliva, or urine). Later, the collected samples are handed over to the courier and the person waits for the results on their phone.
For example, Revolab can perform the COVID-19 test without leaving home. It is also possible to do COVID-19 antibody tests or general blood tests, monitor cholesterol or diabetes, perform hormone tests, and others.
The pandemic has stimulated demand for this kind of remote service.
One of the apps Medical Score is developing helps people take care of their mental health and increases the availability of psychological counseling. Therapists can be consulted at any time when needed and, most importantly, anonymously, without disclosing data about themselves. It is currently being successfully tested in the U.S. market.
Kilo Health Group
Kilo Health is one of the leading digital health and wellness companies globally that not only attracts talents to join its fast-growing team but also co-founds and accelerates start-ups in a rapidly growing digital health industry.
With 4+ million paying users worldwide (the majority in the United States), as well as strong technology and a digital marketing platform, Kilo Health provides unparalleled opportunities for entrepreneurial talents and visionaries to build digital health products of the future.
Kilo Health was founded to design the most engaging and effective digital lifestyle interventions that lead to a healthier life by preventing, managing, or treating various health conditions.