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
Peek inside: Made in KC Marketplace offers a glimpse of its new Plaza store (Photos)
Amid the bustle of traffic and construction in one of Kansas City’s most dominant shopping destinations, the Made in KC Marketplace has quietly been taking shape on the Country Club Plaza. The retailer — which specializes in showcasing wares crafted by local makers — opened the doors of its new location with little fanfare this…
iWerx Gladstone to expand Northland coworking, incubator options in former racquetball club
Two years after launching its sprawling flagship site in North Kansas City, a premiere coworking community is expected to debut iWerx Gladstone in late fall. The two-story, 32,000-square-foot space — originally built as a racquetball club and renovated into a traditional office building in the mid 1980s — will be home to about 80 offices,…
STL exit: Welltodo founder credits firm’s acquisition to early support from KC startup community
With the final deal still in the works Friday, Chris Cardinal said the acquisition of St. Louis-based Welltodo by SensorRX wouldn’t have been possible without the pre-seed rallying of his fellow entrepreneurs in Kansas City. Though the company moved across the state in 2016 to be closer to the co-founder’s in-laws, Cardinal said, the foundation for…
Simplifying access: PayIt teams with KCK Unified Government for enhanced myWyco app
Interacting with state and local government can and should be seamless, said Monica Harrell of PayIt, a KC tech firm that partnered its statewide iKan app with Wyandotte County’s myWyco app to create enhanced access for residents. “It’s a more streamlined experience,” said Harrell, senior client manager for Payit, “Especially because residents are not usually…