Hinge Health, a San Francisco, CA-based digital health company, raised $400m in Series E financing, at a $6.2 billion valuation.
The round was led by Tiger Global and Coatue Management, with Alkeon and Whale Rock acquiring ownership as part of a $200m secondary investment.
Led by Daniel Perez, co-founder and CEO, Hinge Health is building a patient-centered Digital Musculoskeletal (MSK) Clinic to help reduce MSK pain, surgeries, and opioid by pairing advanced wearable sensors and computer vision technology with a comprehensive clinical care team of physical therapists, physicians, and board-certified health coaches.
Available to millions of members, Hinge Health is used by organizations, including Boeing, Land O’Lakes, L.L. Bean, Salesforce, Self-Insured Schools of California, Southern Company, State of New Jersey, US Foods, and Verizon.
The company also announced two important leadership hires:
- Lalith Vadlamannati joins as Chief Technology Officer.
- Vincent Lim joins as Chief People Officer.