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Elizabeth Holmes' partner raises millions for new biotech testing startup
The incarcerated former Silicon Valley star is advising her partner on a new health tech startup. Holmes was convicted of defrauding investors in her blood-testing company Theranos.
toggle caption Philip Pacheco/Getty Images The partner of Theranos founder Elizabeth Holmes has raised millions of dollars for an artificial intelligence startup hoping to introduce a product that can be used in medical testing and other settings, according to two sources with direct knowledge of the endeavor who could not speak publicly because the company has not yet officially launched. Holmes, a former Silicon Valley star, is serving an 11-year sentence in federal prison for misleading investors about her blood-testing startup Theranos, once heralded as a breakthrough in laboratory science before its core technology proved faulty. In addition to Holmes's fraud conviction, a separate investigation by the Securities and Exchange Commission led to her being banned from serving as an officer or director of any public company for a decade as part of a March 2018 settlement.
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