Theranos Inc. received much of its funding from high-profile private investors who weren’t part of the ecosystem that typically backs startups and could see their stakes wiped out by the blood-testing company’s regulatory and technological troubles, people familiar with the matter said.
Several large investments from families and individuals helped infuse Theranos with $632 million in its latest funding round, which stretched from 2014 to 2015, according to the people familiar with the matter and documents filed by Theranos in Arizona and Delaware.
Those investors include Rupert Murdoch and family-controlled Cox Enterprises Inc., which put about $100 million each into Theranos, people familiar with the matter said...
On Monday, Robertson Stephens & Co. co-founder Robert Colman accused Theranos in a lawsuit of making false and misleading claims about its operations and technology while soliciting money from investors.According to the Journal, Murdoch and family made their investments sometime between 2014 and 2015,
I was suspicious about the company from the first time I learned about it in 2014 and my suspicions just continued to grow.
Also see:The Very Creepy, Kissinger Connected, Theranos