Jim Tananbaum is a Committed Supporter of Mindstrong Tech

Mid last month, Mindstrong raised $14.5million to finance its effort to improve on the neuropsychiatric therapy. The startup aims to take advantage of the new technology and particularly use of Smartphone to solve various mental disorder issues. This series A funding involved reputable investors like ARCH Venture Partners and Foresite capital.

According to Mindstrong creator and CEO, Paul Dagum, objective approach is used in almost all other areas in the field of medicine, and it has proved to be of great use. Dagun feels that the current approach whereby the mental issues are assessed on the basis of clinical findings and the number of reported mental health cases is less effective than the objective approach the platform intends to achieve.

This startup, which was established back in 2014 can give a hint about the progress of the patient’s mind by examining how they use their Smartphone. The tech can analyze the words that the person used during a phone call, the time when the person calls, and translate these interactions to understand the functioning of the patient’s mind objectively.

Another good thing about this technology is that it collects information incessantly and passively. The co founder of Mindsrong, Dr. Tom Insel, noted that this is an achievement because it will allow a doctor to monitor the patients suffering from neurodegenerative or neuropsychological conditions without disturbing them. Therefore, the tech can be used to detect these disorders during their early stages and treat. Additionally, this technology makes treatment less costly.

During the release of this technology, Jim Tananbaum said that the team is bringing an in-depth understanding of the issues to do with the cognitive disorders. Jim formed Forsite Capital in 2011. This private firm was aimed to identify emerging leaders in the healthcare sector and then empowering them through giving them information and also supplying them with capital to enhance their growth.

Jim Tananbaum, who majored in computer science/ math and electrical at Yale, see Bloomberg.com, has always been enthusiastic about integrating computer science and health science.This ambition is the driving force that motivates him in his activities. His contributions in the ever-changing health sector are remarkable.

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

Continues To Innovate And Impress

NexBank is a community bank in Dallas, Texas, and they have been hard at work providing the needed financial services to those in the surrounding area, but they have also been working diligently over the past few years to expand into other service areas and sectors. President and CEO John Holt helped leverage the acquisition of College Savings Bank of Princeton, New Jersey which allows them 529 plan college-savings programs as a division of the strong NexBank name so that more students are able to achieve their education dreams.

 

As program manager for both the prestigious Indiana CollegeChoice CD 529 Savings Plan and the renowned Arizona Family College Savings Program-Bank Plan there is a lot of good passing through the offices of NexBank nowadays. Parents can enroll their loved ones early and have all of the resources needed to send them to a great school by the time that they come of age to need that assistance. Founder James Dondero certainly has an instinct for making wise decisions in the industry, and he admits that he is confident that they will continue to carry on the great services under his watch.

 

The name that is known for their business acumen around the state of Texas is also not afraid to put their money into places where it can benefit those in need. NexBank donated funds to the families of the officers slain or wounded in the line of duty after the deadly sniper shootings shook the city to its core, and the management continues to look for similar areas where they can give back to those around them since much of their success is owed to that attitude of cohesiveness. Mr. Holt is well respected in the Texas Bankers community where he just recently attended the association’s 5th Annual Strategic Opportunities and participated in the discussion on Reinventing Community Banking: Perspectives on Competing by Innovation.