Mindstrong Health is on the verge of developing one of the most innovative technological inventions in the healthcare sector: a neuropsychiatric detector. After sourcing for funds from numerous investors including Foresite Capital led by Jim Tananbaum, Mindstrong Health laid the ground work that will see it develop the device using artificial intelligence technology. The $14 million raised will ensure that the project will succeed especially considering the extensive industry knowledge, experience and technical expertise of the investors including Jim Tananbaum. The device will be capable of detecting changes in cognitive and neural functions of the body including mood changes. Individuals suffering from such conditions as heart diseases and diabetes will enjoy more accurate and precise diagnosis and consequently, treatment for their conditions. The funds were raised during a Series A investment round that saw the company based in Palo Alto, California bring together some of the biggest investors and investment funds in the healthcare industry.
Jim Tananbaum’s Career and Academic Background
Jim Tananbaum is a vastly experienced and highly skilled serial investor and company executive with decades of experience operating at the top of the corporate ladder. He is an excellent venture capitalist, angel investor and entrepreneur with excellent private equity, deal sourcing and due diligence skills. He also has a keen eye for the biotechnology sector in addition to his corporate development and startup management skills. He holds several degrees across various fields including business, information technology and engineering. Jim Tananbaum is an alumnus of Yale University where he graduated with two degrees after studying Mathematics and Computer Science. He studied for his Master of Science degree at Massachusetts Institute of Technology before joining Harvard Business School for his Master of Business Administration studies. Jim Tananbaum also graduated from Harvard Medical School in 1989 with Doctor of Medicine degree. Visit Crunchbase to know more.
Jim Tananbaum’s corporate management experience has primarily been with companies he founded or cofounded. He served as the chief executive officer and board member of GelTex; a company he cofounded in 1991. He held the same position at Theravance, which he also cofounded in 2000. Between 2001 and 2010, he served as the managing director at Prospect Venture Partners; a company he cofounded. Jim Tananbaum is currently serving as the chief executive officer at Foresite Capital, which he founded in 2010.