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
New culinary center opens in the Northland, offering startup food businesses commercial kitchen space
Mid-Continent Public Library opened the doors to its much-anticipated Culinary Center — with public-facing food and nutrition-focused classes beginning in June, as well as commercial kitchen access for emerging food entrepreneurs. “We are thrilled to finally welcome the community into our space and can’t wait to get cooking!” said Xander Winkel, director for MCPL’s Culinary…
WYCO debuts DotteBiz tool to help launch, grow small businesses on KS side of KC
Editor’s note: KC BizCare is a partner of Startland News. A newly-launched government online resource aims to eliminate barriers for local business owners and entrepreneurs in Wyandotte County, project leaders said. “Really, DotteBiz is about wanting to ease friction for entrepreneurs and small business owners to help them not only launch their businesses here in…
Kinship Cafe owner paves plans to take ownership of his coffee shop (with a little help from his community)
In April, TJ Roberts was at risk of losing his coffee shop to a parking lot. Now, Roberts is standing his ground, with the help of his community, to purchase the building that houses Kinship Cafe. “It was a very dark couple of weeks, but now there’s light at the end of the tunnel. Purchasing…
North KC’s new ‘Bob’s Burgers’ tribute bar: It’s what happens when theater kids get together to drink
The grand re-re-re-opening of Vignettes Cocktail Bar as a pop-up tribute to the animated TV series “Bob’s Burgers” is a well-seasoned homage to yet another cult classic, said Edward Schmalz, co-owner of the North Kansas City nightspot. “We wanted to pull upon that wholesome — yet still a little raunchy — vibe that is ‘Bob’s…