Wendou Niu co-founded Biofourmis in Singapore in 2015, alongside Kuldeep Singh Rajput. The company builds software that uses wearable devices and AI to watch patients at home and flag signs of decline early.
Biofourmis grew into a Boston-based company with a Singapore origin. In April 2022 it raised a $300 million Series D at a $1.3 billion valuation, which made it a unicorn. Its investors include SoftBank, General Atlantic and CVS Health.
The company then went through a hard period. In July 2023 it laid off 120 staff worldwide, 48 of them in the United States. In August 2023 Rajput stepped down as CEO.
In October 2024 Biofourmis announced a merger with CopilotIQ, a home care technology company. Biofourmis is privately held.