Billy Evans's Haemanthus, the Laser Blood-Testing Startup He Insists Is 'Not Theranos 2.0'

Founded in 2022 by Billy Evans, Haemanthus seeks to introduce at-home testing for blood, urine, and saliva through a countertop device. Evans, who is married to Elizabeth Holmes, insists that the initiative is "not Theranos 2.0," emphasizing that Holmes does not play a role, as her name is not listed in the incorporation documents. Nonetheless, in a documentary, he reveals that he collaborated on a prototype with Holmes during her incarceration. The company received a patent for its Raman Spectroscopy System on January 21, 2025. Funding has surged from $3.5 million to $20 million. While marketing claims "no regulatory oversight," vet diagnostics fall under USDA regulation. Holmes is anticipated to transition to a halfway house next summer.