Location: Santa Monica
Buyer: Canary Health
Description: West L.A.-based Canary Health, a developer of patient health-management software, has acquired mental health program bLife in an all stock deal. Terms of the deal were not disclosed. Canary Health purchased the app in order to have a mental health management tool to offer to insurance and health care providers. BLife of Santa Monica develops a suite of psychological health tools, including mental assessments, guided meditations, breathing exercises, goal-setting programs, and visualization training for $15 a month. Canary Health is paid by health insurance companies, health care providers, and employers to treat patients, especially those who are chronically ill.
Location: Santa Monica
Investors: Comcast Ventures led the seed round with participation from Boost VC, Canyon Creek Capital, Colopl VR Fund, GREE Inc., Kai Huang, and The Venture Reality Fund
Description: The virtual reality startup was co-founded by Chief Executive Shiraz Akmal and Chief Technology Officer Brad Herman, who previously worked on developing virtual reality content for DreamWorks Animation of Glendale. Comcast’s NBCUniversal reached agreement to buy DreamWorks Animation last month in a deal worth $3.8 billion. Spaces has been working to develop virtual reality content with a variety of companies including NBCUniversal and architecture firm the Hettema Group of Pasadena. It is also working with Microsoft Corp. to develop so-called mixed-reality content for its HoloLens, an augmented-reality headset that overlays digital animation onto real-world images.
Location: West L.A.
Investors: Rana Capital Partners, B.V. and Salem Partners
Description: Lucid is developing an ad-supported, virtual reality game development platform that it hopes other virtual reality content producers will use to monetize their content.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Health Management Program Clicks With Buyer
- Canary Health Buys Mental Health Program bLife
- Silicon Beach Deal Flow: April 29
- DreamWorks Animation Stock Soars After News of Comcast Interest
- DreamWorks Deal Done
- What Does the Comcast Deal Mean for DreamWorks’ AwesomenessTV?
- Silicon Beach Report July 19: Snapchat Confirms Bitstrips Acquisition
- Will he stay or will he go?