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
Integrated Roadways testing smart pavement tech in Colorado
Integrated Roadways is launching a pilot test of its smart pavement technology in Colorado in an effort to save lives. In partnership with the Colorado Department of Transportation, Integrated Roadways will install one-half-mile of its smart pavement technology on U.S. 285 near Fairplay, Colorado. The technology, which makes roadways touch-sensitive to vehicle positions, will collect…
Digital Sandbox KC funds four new area tech startups
Four early-stage companies have joined the ranks of the Digital Sandbox KC. The proof-of-concept incubator program is awarding grants to the quartet of startups, two in partnership with the Ennovation Center in Independence, Missouri, and two out of the Innovation Stockyard in St. Joseph, Missouri. “We continue to see a high volume of creative, innovative…
Entrepreneurs’ innovative thinking pays off for smart cities, Think Big co-founder says
There’s a difference between innovation and invention, said Herb Sih, managing partner and co-founder of Think Big Partners. “Invention is a good idea in search of a home — or, as someone said this morning, a solution in search of a problem,” Sih said. “Reverse that: Innovation. It’s a problem in search of a solution.”…
Say goodbye to the DMV? Gov tech firm PayIt launches iKan app with State of Kansas
Kansans can now renew their vehicle registration with a touch on their phones thanks to a KC-based government tech firm’s new iKan app, Gov. Jeff Colyer said Thursday. Designed by PayIt, the iKan platform is designed to allow users to interact with multiple state services in a self-service, intuitive experience from their phones, tablets, and…