Maine Developer Of Digital Therapeutics For Consumers Raises $5.3 Million

Portland, Maine-based MedRhythms recently raised more than $5 million in a round of private equity funding. The funding round was led by Peter Werth of Werth Family Investment Associates, LLC.

MedRhythms utilizes artificial intelligence (AI) and music to create products that help individuals with brain injury and diseases recover the ability to speak, cognitively function, and walk. The company initially anticipated raising about $4 million, but ended up surpassing that amount due to what it considers substantial interest in its offerings. MedRhythms will use the funding to develop and launch its digital therapeutics platform, which will focus on creating . . .