Theranos was a privately-held consumer healthcare technology company that is now arguably the largest biomedical fraud in U.S. history. Its founder, Elizabeth Holmes, was convicted of investor fraud after a series of Wall Street Journal (WSJ) articles that revealed the tests the company claimed to be doing were actually being carried out by traditional machines purchased from other companies. At its peak, it was valued at $10 billion.
2006 • Series C
Theranos was a consumer healthcare technology company that developed proprietary technologies for detecting, treating, and preventing blood-borne diseases
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