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
Startup newbie: How researching entrepreneurship in Medellin led me to Kansas City
Editor’s note: The opinions expressed in this commentary are the author’s alone. When my wife Megan and I visited Kansas City this past January as part of our “city shopping tour,” there was much that impressed us and led to our decision to make it our new home. In many respects, we chose Kansas City…
Buildings and bus stops: Rebecca Tombaugh paints KC — sometimes with a stick
A lack of clear direction felt liberating as Rebecca Tombaugh unrolled a 12-foot piece of heavy paper in her backyard and got to work, she said. The 59-year-old artist had been tasked with painting a mural of sorts for the Nonprofit Village, a coworking spot that soon would open at 31 W. 31st Street. It’s…
KC-based PatientsVoices pulls $150K in first round of seed capital, additional $75K from MTC
Competing for a spot in a Nashville-based health tech accelerator, PatientsVoices landed its first round of seed capital — with a booster shot from the State of Missouri. A $150,000 innovation grant from Jumpstart Foundry investment group represents a leap forward for PatientsVoices, headquartered in iWerx’s North Kansas City entrepreneurial development center, said founder and…
Beyond buzzwords: Foxtrot Supply mounts protest of an increasingly online-only world
A large butcher block table stands between the owners of Foxtrot Supply Co. and its customers. But the found-object centerpiece of their Crossroads store is meant as a meeting place, not a barrier, said Ryan Hetu. “It’s alluring, inviting and kind of vulnerable,” the Foxtrot co-founder explained. Stitched into the high-traffic fabric of First Fridays…