THE CRUNCH

Fortell, an AI hearing aid startup, has raised $163 million to challenge the current hearing aid market structure. The funding round was led by Founders Fund, Thrive Capital, and Valor Equity Partners. The company was founded by Matthew de Jonge, who was motivated by the difficulty of getting older relatives to use existing hearing aids.

WHAT HAPPENS NEXT

The capital will likely be used to scale operations and bring the product to market.