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Tech Rout Sparks Hedge Frenzy; Law Firm Gets $60M

Tech and Healthcare Sectors See Shifts Amid Funding, Ethical Concerns, and Scientific Advancements

The technology and healthcare sectors experienced a week of notable developments, ranging from significant funding rounds for AI-driven legal tech to ethical dilemmas within public health services and breakthroughs in skin regeneration research.

Lawhive, a British startup utilizing AI to transform legal services for individuals and small businesses, secured $60 million in Series B funding to expand its operations in the U.S., according to Fortune. The funding round was led by Mitch Rales, cofounder of Danaher Corporation, with participation from TQ Ventures, GV (formerly Google Ventures), Balderton Capital, and Jigsaw. This investment comes less than a year after Lawhive raised a $40 million Series A round. Lawhive operates as a legal services firm employing a network of lawyers supported by its technology platform.

Meanwhile, in the healthcare marketing space, Freshpaint is working to enable healthcare companies to collect, safeguard, and activate customer data. According to Hacker News, Freshpaint aims to build the data infrastructure that powers healthcare businesses, allowing them to use modern analytics and marketing tools while remaining HIPAA compliant. The company describes itself as a "high-slope, high-EQ team" focused on helping healthcare companies grow without compromising patient privacy.

However, the intersection of healthcare and government policy also faced scrutiny. NPR reported that some officers within the U.S. Public Health Service (USPHS) resigned rather than serve in Immigration and Customs Enforcement (ICE) detention centers. As immigrant arrests by ICE increased in 2025, so did the demand for healthcare providers in detention centers. Nearly 400 USPHS officers had served month-long tours providing basic medical care at ICE facilities nationwide, according to a USPHS employee who reviewed a roster of staff.

In the technology sector, software stocks experienced a significant selloff, prompting investors to seek protection against further declines, Fortune reported. The Goldman Sachs software basket recorded its seventh consecutive drop, bringing its year-to-date loss to 19%. This downturn impacted broader tech measures, with the Nasdaq 100 also experiencing a decline. The uncertainty led to increased demand for insurance against a 10% drop in the Invesco QQQ Trust Series 1 ETF, reaching levels not seen since March 2020.

On a more positive note, scientific research offered potential advancements in dermatology. Nature reported that researchers have identified clues for revitalizing skin by studying rete ridges, structures that could harbor stem cells needed for skin regeneration. Researchers scoured the animal kingdom to find skin that closely resembled human skin to study the formation of these ridges, hoping to one day reverse aging in skin.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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