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
Former ECJC exec Melissa Roberts joins Kauffman Foundation grant making team
Everyone has potential if given the right resources, said Melissa Roberts. “Everybody has great ideas if given the right education. Everybody has the potential to be an economic contributor in our society if given the right motivation and support,” she continued. These aren’t her words and values alone, Roberts said. They’re the legacy of Ewing…
Health scare forced KC’s colorful wax guru to get serious: ‘This is Crumble growing up with me’
Brandon Love is keeping his iconic, brightly-colored hair, but melting away distractions that could be holding back his already wildly successful, but evolving lifestyle brand, Crumble Co., he said. The first to go: Some of the eye-catching candle and wax product names that first caught customers’ attention because of their tongue-in-cheek innuendos and four-letter words,…
Insecure phones, devices creating largest-ever sensor grid (for China) in US homes, says Pepper cyber security report
As an industry, the state of cyber security is a “hot mess,” Scott Ford said candidly. “Frankly, its at a point where it ought to be concerning to everybody,” Ford, CEO of Pepper IoT, said in response to a new report that examines the state of the IoT space and released as part of a…
Missouri Hyperloop talk turns to motion sickness, comfort at high-speeds
But how will it feel? With the feasibility of a high-speed Missouri Hyperloop route connecting Kansas City to St. Louis in about 30 minutes now established, the conversation has shifted tracks to ergonomics, said Diana Zhou. Curious members of the public want to know more about the safety of the proposed transportation mode’s 600-plus-mph speeds,…