Failed 2019
uBiome
Billing insurance for medically unnecessary microbiome tests is healthcare fraud. FBI raided the offices.
Founded → Closed
2012 → 2019
Funding Raised
$105M
Industry
Healthcare/Biotech
Country
USA
IdeaProof AI Failure Score
82/100
Market Fit Risk
45
Burn Rate Risk
65
Founder Risk
95
Full Analysis
uBiome offered at-home microbiome testing kits. The company's revenue growth was fueled by aggressively billing health insurance companies for clinical-grade tests that were often medically unnecessary. The FBI raided uBiome's offices in April 2019, and both co-founders were indicted for health insurance fraud. The company filed for bankruptcy later that year.
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