Jim Tananbaum Shows Interest in Mindstrong Health, a Start-Up Health Tech Company

In Mid June 2017, Mindstrong Health, a start-up focused on neurological device, reported that it had successfully managed to raise $14 million – according to Mass Device. The funds were raised during the company’s Series A round of financing. The contributions will be used to support Mindstrong’s neuropsychiatric treatment as well as its diagnosis platform.

The AL- Powered platform is designed in a manner that allows the monitoring of interaction on Smartphone devices, an approach that provides objective measures of the brain function. The move was motivated by the fact that the treatment of other chronic illnesses such as diabetes and hypertension is usually based on objective measures – an element that is completely missing in the treatment and handling of patients suffering from neurological disorders.

Mindstrong’s platform intends to offer continuous digital biomarkers of cognition and mood that includes components such as attention, memory, executive function, and processing speed. Dr. Tom Insel, the co-founder, and president of Mindstrong pointed out that mental disorders are a global health challenge, and the availability of Smartphone will go a long way in delivering a global solution.

According to a Medium.com article, the Series A round of financing was spearheaded by Foresite Capital Management (headed by the founder and CEO, Jim Tananbaum), ARCH Venture Partners, and was later joined by One Mind Brain Health Impact Fund, Optum Ventures, and Berggruen Holdings.

About Jim Tananbaum

Jim is the founder and the chief executive officer of Foresite Capital Management – a company that specializes in investing in organizations operating in the healthcare industry including genomics, biotechnology, diagnostics, medical devices and healthcare services.

Jim Tananbaum has led the formation and management of more than 21 ventures. He was a co-founder and CEO of GelTex for two years. GelTex was later acquired by Genzyme for $1.6 billion. For four years and two months, Dr. Jim was a partner at Sierra Ventures. He helped to co-found Theravance (THRX), where he served as the CEO for three years between 1997 and 2000. In 2001, Jim co-founded Prospect Venture Partners and worked as the managing director for PVP2 and PVP3 until 2010. From there he founded Foresite Capital Management where he still serves as the CEO. Visit Jim Tananbaum’s website: officialjimtananbaum.com

Linked In: https://www.linkedin.com/in/jim-tananbaum-a7562a7/

Securus Technologies Helping Protect Local Residents

When my team is called on to help catch a dangerous suspect in the area, we have to act quick because innocent lives are at stake. This was a very troubling situation because two brothers were released from prison the same week, and both returned to their life of crime almost immediately after getting back on the streets. These two suspects were armed, and they were already responsible for a shooting that night. It was clear to us that these two had little regard for officers, so if an innocent victim got in their way, they would have little trouble seriously hurting that person.

 

My team had a long road ahead because both of these suspects had a huge network of friends helping to keep them from going back to prison. These friends would go as far as call in fake reports to throw us off the trail of these suspects, making it more challenging because we had to deploy resources to each of those calls instead of focusing on the two suspects. I was about to turn this case on its end when I headed to the local jail for some evidence collection. I knew that there were inmates in the prison who had dealings with these two, I was just hoping there was one person who had a beef with them and would slip up and give me the information needed to finally catch them for good.

 

Securus Technologies recently installed a very complex inmate call monitoring system in our prison, and it was going to aid me in finding these suspects. Securus Technologies CEO, Rick Smith, says all of his thousand employees are dedicated to fighting to make the world safer for us all. When I learned how to use the LBS software, it didn’t take long to pick up chatter between inmates concerning my suspects. The system does the work of many corrections officers, so we knew it was only a matter of time before we had the information we needed.

 

The inmates were talking to the suspects in some cases, where the suspects would call me out by name and say if I decided to find them that I would have a gun fight on my hands. I was able to use the information collected from the Securus Technologies monitoring system to locate where these two were hiding, and with the size of weapons at that location, we didn’t arrive a minute too soon. If those two had the chance to prepare, we could have had a gunfight on our hands that would have lasted hours, Instead, we were able to catch them sleeping at dawn and completely catch them off guard without weapons in hand.