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Posted on 05/12/2025 4:49:59 AM PDT by Red Badger
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. The company is called Haemanthus, which is Greek for "blood flower."
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.
Since being imprisoned at a federal facility in Bryan, Texas, Holmes has been providing advice to her partner, Billy Evans, on the startup, according to the sources. The precise nature of Holmes' supporting Evans on the venture is unclear.
About a dozen people are part of the startup. Some of those working on the company formerly worked with Evans at Luminar Technologies, which develops sensors for autonomous vehicles, according to the company's patent and Delaware incorporation paperwork. Evans has raised money mostly among friends, family and other supporters so far, according to one of the sources.
Holmes' support for her partner's foray into biotech is striking, given she is serving a federal prison sentence for fraud in that same field.
Over the course of her nearly four-month criminal trial, Holmes insisted she did not commit any crimes, despite evidence presented by the government and witness testimony suggesting she purposely deceived investors and tried to cover it up, not long after she was plastered on the covers of magazines and drew comparisons to Steve Jobs.
From prison, Holmes continues to fight. On Thursday, a federal appeals court upheld her conviction.
Holmes, the mother of two, named one of her children Invicta, Latin for "invincible."
In addition to Holmes' 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. The prohibition does not affect her ability to help run a private company, but a source familiar with Haemanthus said she is not planning to take a formal role helping Evans run the company.
Still, she is plotting a post-prison return to the healthcare industry.
Holmes told People magazine in February that she intends to resume her career in biotech when she is released from prison and that she has been writing patents for new inventions while behind bars.
In a lengthy X thread posted on Sunday, Haemanthus said its work should not be overshadowed by Holmes.
"Yes, our CEO, Billy Evans, is Elizabeth Holmes' partner. Skepticism is rational. We must clear a higher bar," the account for the company wrote. "We prefer to build first, talk later. The science, when ready, will stand on its own merits."
Haemanthus added: "This is not Theranos 2.0."
A lawyer for Holmes did not reply to a request for comment.
Haemanthus is in its early stages, according to one person with knowledge of the company. Currently, the company is using light detection technology that can essentially guide AI sensors to conduct medical tests, according to the source and a patent the company was granted in January.
The company is focused on something called Raman spectroscopy, which has been shown to help diagnose ALS, also called Lou Gehrig's disease, as well as some forms of cancer. It has also been used to discover improvised explosive devices on battlefields.
Haemanthus hopes to bring the cost of the technology down and to take it out of research labs to make it commercially available to patients, though what the potential consumer product would actually look like is still under development.
The company's January patent said the light detection tool can be used to test "biological material," citing examples including sweat, urine, saliva. The technology can also conduct diagnostic tests using a small sample of blood.
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Just damn.
And she’s still in prison.
I wonder where the friends and family money came from?
HAHAHAHA
GFL, Holmes
He’s in love and he’s drunk her kool-aid. He buys her dream and her story.
I had no idea she got whacked that hard.
Federal sentences are complex, but usually, you have to serve close 100% of your sentence.
Both of her children will be teenagers by the time she gets released.
Haemanthus is the name of the korporation and it didn't "say" anything. A spokesman or a korporate officer said something. That such an individual won't name themselves is a screaming red flag.
Partner in what way?!?
She is a frighteningly skilled psychopath who can charm seemingly everyone. She was able to get special treatment for years. She even hoodwinked a rich young guy to marry her while she was on the way to prison. She got pregnant to try to avoid prison and get special treatment.
I don't think I've seen a person able to manipulate almost everyone around her. At the end it was somewhat surprising justice was served.
There's a documentary on her. She was obsessed with Steve Jobs and becoming a billionaire. She dressed like him, adopted a visionary persona, changed her voice for calls, and at one point was a billionaire too. Behind the scenes was idiocy, but her obsession with image and money; and to manipulate is frightening.
Father of her children.
She has ancestors on both sides of her family who were wealthy business owners.
The tabloid gossip is that she was well on her way to real wealth herself when the wheels came off her blood analysis device, and she went completely rogue trying to fix her invention.
All the bloodwork from a drop of blood was an enticing idea for a nation of hypochondriacs.
I am certain the overlap between folks funding this guy and donors to the Kamala campaign has to be pretty large.
Thanks.
“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.”
Not misleading investors and not core technology proven faulty. Fraud. She was sent to prison for fraud. Her core technology wasn’t faulty, it was fake.
She took in a lot of powerful old men on her board of directors including Bill Perry, Sam Nunn, Gen. Mattis, and Riley Bechtel.
“ Still, she is plotting a post-prison return to the healthcare industry.”
Can’t imagine why anyone would listen to her. She has zero training experience in the medical field. Not even a basic biology degree. She’s nothing but a scam artist.
Life is strange, I can't imagine anyone voting for Kamala Harris either.
When her federal trial started in 2021, she conveniently decided to knock out two kids, and then use them as human shield. I’m fully convinced she got bred twice simply to try to avoid prison. She filed motions to the effect that “you can’t send a young pregnant mother to prison.
She’sa sociopath.
She’ll be a democrat presidential candidate before you know it!
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