1. Function Health, a company providing regular lab testing services, has raised $298 million in Series B funding, bringing its total capital to $350 million. The round was led by Redpoint Ventures and includes participation from notable investors.

2. With the funding, Function Health launched Medical Intelligence Lab, a project to develop an AI model that provides personalized health insights using users' data. This model is trained by doctors and offers an AI chatbot for answering questions based on health data.

3. Function Health emphasizes user privacy and security, ensuring all data is fully encrypted, never sold, and compliant with HIPAA standards. The platform integrates lab testing, diagnostics, and clinical insights, offering more than a typical AI coach or wellness app.