Proteus Digital Health restructuring amid reported funding woes

Proteus Digital Health said today that it is restructuring, reportedly because it failed to close a $100 million funding round.

A report by CNBC said the Redwood City, Calif.-based company missed the funding target. Once valued at $1.5 billion, the company previously raised $420 million from investors including Novartis Venture Fund and Kaiser Permanente Ventures, according to an April report by Forbes.

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