Even Healthcare raises **$50 million** in Series B funding led by Khosla Ventures, tripling its valuation to **$300 million** and expanding its hospital network in Bengaluru. The startup operates hospitals where doctors earn fixed salaries and bonuses tied to patient outcomes, not procedure volume, reducing unnecessary tests and hospital stays. Even claims its hospitals achieve **<1% unplanned readmissions** (vs. industry 8–15%) and **40% shorter stays**, saving insurers over **$5.27 million**. Despite a **$9.5 million net loss** in 2025, Even plans to open five more hospitals in Bengaluru and prioritizes growth over profitability.
Ultrahuman raises $70 million in a round that values the Bengaluru-based smart-ring maker at $365 million and includes Qualcomm Ventures, Labcorp, Alpha Wave, Blume Ventures, Nexus Venture Partners, and Alteria Capital. The startup is working with Qualcomm on a ring that runs more software and algorithms on-device, while planned updates bring game-controller, AI-interaction, and developer features to existing rings. Ultrahuman reports a $140 million annual revenue run rate and about 800,000 rings sold.
Sep 2026 · TechCrunchNews article
Alpha Wave Global
Operating Status: Operating
NYC-based Alpha Wave: A global investment firm specializing in private equity, credit, and public markets.
