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Chronicles

The story behind the story

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Digital stethoscope maker Eko raises $65M Series C to expand its remote disease screening programs, led by Highland Capital Partners and Questa Capital

As the use of telehealth continues to surge—promising a way to deliver distanced care in spite of the coronavirus …

FierceBiotech Conor Hale

Context & Ripple Effects

Eko's $65M Series C is the third act of a steady build: after its $20M Series B in 2019 funded an AI-powered platform pairing digital stethoscopes with ECG devices, the company won FDA clearance for its Eko Core attachment and pushed an abnormality-detecting algorithm through clinical trials. The new round, led by Highland Capital Partners and Questa Capital, arrives with telehealth surging on pandemic-driven demand for distanced care.

The raise lands in a crowded lane: Tyto Care pulled in $50M earlier in 2020 for at-home diagnostic kits, and later rounds from Current Health, LetsGetChecked, and Digital Diagnostics show investors treating remote screening as a durable category rather than a stopgap.

First-order effects

  • Eko can scale its remote disease screening programs beyond cardiology pilots, putting its heart-failure, atrial-fibrillation, and valvular-disease detection algorithms in front of more clinicians conducting virtual visits.
  • Highland Capital Partners and Questa Capital take board-level stakes in a company whose cleared hardware gives it a regulatory moat most telehealth software rivals lack.

Second-order effects

  • Tyto Care's in-home diagnostic kit now competes against a rival that screens via a device patients may already encounter in clinics, forcing home-kit vendors to justify their hardware against stethoscope-based screening.
  • Primary-care platforms like Elation Health, building virtual care options for independent doctors, become natural distribution partners — whoever bundles AI screening into the primary-care workflow captures the referral stream.

Third-order effects

  • If the funding cadence holds — Tyto Care, Current Health, LetsGetChecked, and Digital Diagnostics all raising within two years — routine diagnostic screening structurally migrates out of exam rooms into homes, with FDA-cleared algorithms acting as the gatekeepers deciding which findings reach a physician.
  • Cardiology becomes a test case for whether AI-augmented consumer devices can shift disease detection upstream, pressuring health systems to reimburse algorithm-flagged screenings rather than office-visit auscultation alone.

The trend: Venture capital is consolidating behind AI-enabled remote diagnostics, moving telehealth from video consultations toward sensor-based screening that detects disease before the patient reaches a clinic.