MoodSpark buys defunct startup’s IP, minds focused on disrupting elderly veterans’ depression
May 11, 2022 | Startland News Staff
A slew of new patents and tools are now in the hands of a KCK-rooted startup that aims to protect aging military veterans that suffer from loneliness, anxiety and depression.
MoodSpark has acquired assets previously held by California-based Dthera Sciences — an early leader of the digital therapeutics space, known for its innovative quality of life therapies, the company announced Wednesday.
MoodSpark’s digital companion uses artificial intelligence to detect such behaviors, alert family, friends, or caregivers, provide digital check ins and assistance in times of social isolation, provide behavioral health intervention, and share engagement data, activity, and response information with caregivers.
As part of the acquisition, MoodSpark has received a sizable IP portfolio that contains patents, a technology platform, an FDA breakthrough device designation, and clinical pilot research related to Dthera’s system for treating anxiety, agitation, and depression in elderly patients experiencing neurodegenerative diseases that include Alzheimers and dementia.
The publicly traded company ended operations in late 2019 after raising about $5 million in five years.
“Dthera pioneered digital therapeutics targeting geriatric CNS disorders. This deal provides us a significant amount of market validation, broadens our IP portfolio, and gets us closer to our dual-use vision for the MoodSpark digital companion,” said Eliot Arnold, co-founder of MoodSpark and a 2021 Techstars Kansas City cohort member.
The Dethera assets will be used in combination with existing MoodSpark technology — known for its ability to detect sadness and promote (or spark) a shift in a person’s mood using memories, conversations, and video visits from loved ones.
“Some of the brightest minds in digital therapeutics were behind Dthera. We are very excited to bring the combined solution to market and establish ourselves as a market leader in social assistive technology.”
Want to learn more about MoodSpark? Click here to further explore its technology.
As the company rolls its new IP into its existing growth strategy, MoodSpark intends to use its technology to reach aging U.S. veterans, the company said.
“The United States has the largest generation of warfighters quickly approaching or at retirement age,” the company explained, noting the Department of Veterans Affairs lists anxiety, depression, loneliness, and social isolation as on the rise among senior veterans.
“The United States is increasingly turning to advanced technology to not only support independent living among older veterans, but to foster human connections and combat cognitive decline.”
2022 Startups to Watch
stats here
Related Posts on Startland News
CoBuild founder razes his social venture; now he’s banking its mission’s success on a new blueprint
Closing his startup CoBuild was bittersweet for Tate Williams, but the mission that drove the company isn’t going away. Instead, he’s carrying it forward in a new role at the Central Bank of Kansas City. Williams officially shut down CoBuild this January. The construction startup, launched in 2018, had built a reputation for opening doors…
ATHENA honorees: Lifting up the next generation elevates us all; give them a reason to dream
When women lead, communities rise, Dana Foote said, lifting up two ATHENA award winners whose work in Kansas City has created outcomes more meaningful than mere professional success: “the ripple effect of leadership.” “And I see that in the room tonight,” continued Foote, national managing partner of audit operations for KPMG, sponsor of the Greater…
Photos: Folklore transformed this rooftop for one-night; its $100K impact on small biz lasts even longer
A packed rooftop event that started five years ago as a small gathering among friends has grown into a sold-out celebration that not only highlights music, food, and tradition, but also invests back into local nonprofits and entrepreneurs, said Luis Padilla, founder of Folklore and its popular small business grant program. “That balance of culture…
Fresh in the tin: Crossroads cafe targets TikTok generation for laid-back canned seafood cuisine
A new venue specializing in “sangria, tins and snacks” pairs viral tastes with inspiration from a classic culinary voice, said longtime Kansas City restaurateur Shawn McClenny, whose Crossroads “taverna” is expected to open by mid-November. “It will be more of a Spanish cafe, very informal, no reservations,” said McClenny, describing the future Lilico’s Taverna slated…