Theranos was a health technology company founded in 2003 by Elizabeth Holmes, aiming to revolutionize blood testing. The company claimed to have developed innovative devices that could perform numerous tests using only a few drops of blood, attracting significant investment and partnerships with companies like Walgreens and Safeway. However, the accuracy and reliability of Theranos's technology were challenged, leading to legal and commercial troubles, and ultimately, the company's downfall in 2018. Theranos is associated with keywords like health technology, blood testing, medical diagnostics, and fraud.
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Theranos raised more than $700,000,000 before ceasing operations and settling SEC fraud charges in 2018.