iCarbonX was founded on October 27, 2015. On September 10, 2016, iCarbonX acquired Imagu Vision Technologies, an Israeli AI and image processing company,[2] in order to establish an iCarbonX-Israel R&D center.[3]
On January 5, 2017, iCarbonX announced its Digital Life Alliance with seven other companies including SomaLogic, HealthTell, PatientsLikeMe,[4]AOBiome, GALT, Imagu and Robustnique.[5]
iCarbonX has raised over $600 million in investment. Tencent Holdings Limited (owner of social-media app WeChat) and Zhongyuan Union Cell & Gene Engineering Corp. invested $200 million[6] in iCarbonX, which made iCarbonX one of only three Chinese healthcare startups with a valuation of more than $1 billion (considered a Unicorn). The company has about 100 employees.[7]
On January 5, 2017, iCarbonX released Meum, a digital health management platform.[8] On the same day, iCarbonX announced a partnership with PatientsLikeMe, an online network for patients with chronic conditions. iCarbonX funded PatientsLikeMe with $100M with plans for the two companies to work together on genetic sequencing projects.[9]
The company name, “iCarbonX,” symbolizes the use of the internet and artificial intelligence to improve life, of which a central element is carbon.[4] The “i” and “X” indicate the company's plans to combine the Internet and artificial intelligence to create something new.[4]
