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Australia-based healthcare analytics startup Prospection raised A$10 million in its first external funding round, led by Main Sequence Ventures’ CSIRO Innovation Fund and Horizons Ventures, the company announced earlier this week.

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The Series C round will continue to support growth of the mindfulness and meditation app maker's D2C, B2B and digital health offerings.

The round was led by Optum Ventures, with support from Luminous Ventures and previous investors.

While recognising their potential, the authors have warned against their use in the current state.

Trade association raises concern that new regulatory system is not ready to support the transition of technology.

The new investigation also found substantial differences between the performance of specific devices, with consumer products generally outperforming research wearables.

The funds will help the mental health startup expand its global footprint.

The new tool comes as cases of the COVID-19 (novel coronavirus) reached over 40,000 in China. 

Palisades Growth Capital led the round, which brings the startup's total raise to over $7 million.