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
KC’s FairWave coffee pours into the Carolinas with latest small-batch roaster acquisition
Joining Midwest-based coffee collective FairWave gives Black & White Coffee Roasters access to the enhanced equipment, resources and network needed to scale the North Carolina business to its potential — while staying true to its values, said Kyle Ramage. “It’s a natural progression that will allow us to build upon our existing foundation and reach…
DoorDash Accelerator opens applications to local businesses through KCMO partnership
Independently-owned brick-and-mortar businesses — think restaurants, flower shops, mom-and-pop supermarkets, and more across Kansas City — that partner with DoorDash for deliveries can now apply to join a new-to-KC entrepreneur-focused accelerator, Quinton Lucas announced Wednesday. Up to 10 local businesses are expected to be selected to receive mentorship, professional programming, and funding through the accelerator.…
Meet the winners: Pitch Black competition rewards founders’ vision with $60K in prizes
Founder Godfrey Riddle was overwhelmed with emotion Saturday, he said, after accepting the $30,000 grand prize at the Pitch Black Business Summit — a game-changing development for his sustainable, affordable housing venture, Civic Saint. “I’m feeling phenomenal. Shocked, relieved — just elated,” said Riddle, following the announcement of his win. “It’s crazy because when you…
This young baker tore up the instructions for starting a business (but kept all the best recipes)
Overland Park cookie shop gets a new baker behind the counter, adding a frosted twist to familiar favorites She learned to bake as a child by her grandmother’s side. So by middle school, Maddie Callicott was so proficient she not only held popular bake sales, she printed up business cards for her “You Take the…