Happy Health, an Austin-based digital health company, secured $75 million in Series A funding led by ARCH Venture Partners and OpenLoop to expand its AI-powered home care platform. The startup's FDA-cleared Happy Ring is the first smart ring approved for multi-night sleep testing and continuous biometrics. It diagnoses obstructive sleep apnea and insomnia in as few as three nights with 98% accuracy, according to the company. The platform collects over 2.8 million biometric measurements nightly, building individualised physiological baselines rather than comparing patients to population averages. Happy Sleep includes board-certified sleep physicians and accepts most major insurance plans, including Blue Cross and Medicare. The company plans to extend its continuous monitoring approach to cardiovascular, metabolic, and other chronic diseases.

Opendoor Technologies reported second-quarter results showing revenue of $883 million, down from $1,567 million year-over-year. Net loss widened to $162 million, with loss per share from continuing operations at $0.17. The company noted a 149% year-over-year increase in homes acquired and early traction in its new mortgage product. Management expects at least 20% revenue growth in the third quarter and aims for adjusted net income profitability by year-end 2026. The results highlight tensions in Opendoor's business model, as it attempts to rebuild scale whilst managing inventory and funding risks. Six-month losses totalled $335 million. The company's debt-funded inventory model continues to face scrutiny from investors concerned about liquidity and margins.