StuffThatWorks News
5 articles
growth-negative
70% of employees were fired within a year: the startup StuffThatWorks is recalculating a course
StuffThatWorks, a platform for sharing information about chronic diseases, has recently undergone significant layoffs, reducing its workforce by half. The company now has only 14 employees, compared to 47 employees a year ago. StuffThatWorks had previously raised $34 million in funding. The company also started offering a service for recruiting participants for clinical trials. The company has not responded to inquiries about the layoffs.
Layoffs
Hillel's Tech Corner: StuffThatWorks: Crowdsourced medicine
growth-positive
Using the crowd to fight chronic health conditions
Israeli startup StuffThatWorks uses crowdsourcing and artificial intelligence to translate patient-reported observations into anonymized data for medical conditions. The company has generated 150,000 pages of data covering symptoms, treatments, and subgroups for 110 conditions. The data is presented in easy-to-read tables and graphs, benefiting both patients and pharmaceutical companies. StuffThatWorks intends to sell the anonymous data to drug and insurance companies while keeping the site free for patients. The company raised $9 million in seed funding from Bessemer Venture Partners, 83North, and Ofek Ventures. The article also mentions indirect competitors and the companys collection of information about COVID-19.
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growth-positive
Crowdsourcing medical advice: Israeli startup steps in when doctors don't have the answers
Yael Elish, former head of product for Waze, has co-founded a startup called StuffThatWorks, which aims to help sufferers of chronic illnesses find treatments that doctors sometimes miss. The platform, which uses crowd wisdom to map treatments for chronic illnesses, has over 180,000 active users and 105 chronic illnesses mapped. The company raised seed capital of $3.5 million from 83North and Bessemer Venture Partners in 2018, and an additional $5 million from Ofek Ventures in 2019.
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growth-positive
Medical data crowdsourcing startup StuffThatWorks launches in the U.S., raises $9 million
Tel Aviv-based startup StuffThatWorks has launched its online platform for people suffering from chronic diseases to share information on the best treatments. The company has raised $9 million in seed funding from investors including Bessemer Venture Partners, 83North, and Ofek Ventures. The platform already has 180,000 registered users and more than 100 communities dedicated to different chronic conditions. StuffThatWorks aims to collect and organize patient knowledge to compare treatment effectiveness on a large scale and facilitate medical research. The company plans to expand its services.
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