RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS
- Siris Medical which has commercialized the first artificial intelligence treatment decision support system in radiation therapy raised $4M in Series A1 round led by DigiTx Partners with Participation from Medical Technology Venture Partners. Link
- HealthRhythms which offers behavioral health platform has received a $2.1M grant from the NIH to continue investigating smartphone-based behavioral health interventions. Link
- Infervision which develops AI-based medical imaging technology raised $18M in Series B round led by Qiming Venture Partners with participation from Sequoia Capital China and Genesis Capital. Link
- Cogitativo, a machine learning and data-science-as-a-service company for healthcare organizations raised $5M in Series A round from HCSC Ventures. Link
- Tempus which offers an oncology platform for sequencing, analytics and informatics closed a $70M Series C round co-led by New Enterprise Associates (NEA) and Revolution Growth. Link
- Analytics 4 Life, which is developing a cardiac imaging technology raised a $25M in Series B round from an international syndicate of accredited investors. Link
- Cardinal Analytx Solutions, a developer of advanced machine learning solutions for improving healthcare raised $6.1M in Series A funding led by Cardinal Partners with participation from Premera Blue Cross and the Stanford-StartX Fund. Link
- VoxelCloud, a medical artificial intelligence company has raised $15M in Series A+ funding led by Tencent Holdings with participation from its existing investors including Sequoia Capital and NewMargin Ventures. Link
- Jool Health, a provider of digital Precision Well-Being solutions raised $4.5M in seed funding led by Grand Rapids with participation from Tappan Hill Ventures, Michigan Angel Fund, Wakestream Ventures, and angel investors. Link
- Cardiologs Technologies, which provides an artificial intelligence-driven
platform to manage cardiac patients, raised $6.4M in Series A funding from Idinvest, ISAI, Kurma Partners, Partech Ventures and Bpifrance. Link - Expression Health, a provider of business intelligence analytics for healthcare organizations and providers is acquired by Trilliant Health. Link
- Medaphor has agreed to acquire imaging analytics platform provider Intelligent Ultrasound (IUL) for approximately $4.7M (£3.6m). Link
SOME INTERESTING STARTUPS FOUND
CereMetrix (2017, Littleton) – A provider of analytical engine and database solution for brain disorder diagnosis.
Aperio Health (2017, Washington D.C.) – A provider of all-in-one population health intelligence platform & EHR solution.
LEADER BOARD – HEALTHCARE ANALYTICS
Suite Solutions
NantHealth (2007, Culver City, IPO) – Building an integrated, evidence-based, omically-informed, personalized approach to the delivery of care and the development of next generation healthcare solutions.Went public in 2016.
Inovalon (1998, Bowie, IPO) – Cloud-based analytics platform for clinical, financial and quality insights. Went public in 2015.
Evolent Health (2011, Arlington, IPO) – An integrated platform for population health, financial and operational analytics. Went public in 2015.
Health Catalyst (2008, Salt Lake City, $237M) – A suite of health analytics and data management solutions to help identify care gaps and support process improvement. Backed by Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, Sorenson Capital and more.
EHR Platforms
Modernizing Medicine (2010, Boca Raton, $329M) – Provides Electronic Medical Assistant (EMA), is a cloud-based, specialty-specific electronic medical record (EMR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Pentland, Sands Capital, Sands Capital Ventures
Flatiron Health (2010, NYC, $314M) – Cloud-based Cancer care platform for clinical, financial and operational intelligence. Backed by Google Ventures, Roche, First Round Capital, Social Capital, SV Angels and more.
Population Health Management
Welltok (2009, Denver, $185M) – PaaS based analytics platform for health optimization and population health management. Backed by Qualcomm Ventures, EMCAP Partners, Interwest Partners, Bessemer Venture Capital.
MedHOK (2009, Denver, $77.5M, Acq) – Provides a SaaS-based platform that uses predictive analytics to allow payers to identify and target member health risks, trigger workflow interventions. Acquired by Hearst Communications.
Clinical Analytics
Imaging Advantage (2007, Santa Monica, $295M) – Cloud-based clinical decision support tool for radiologists. Backed by Goldman Sachs, Brightwood Capital Advisors, and CRG.
Heart Flow (2007, Redwood City, $227M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Tempus (2015, Chicago, $130M) – Offers a sequencing, analytics and informatics platform for cancer treatment that helps physicians make real-time data-driven decisions. Backed by New Enterprise Associates, Revolution, and Lightbank.
Financial Analytics
Remedy Partners (2011, Fairfield, $96M) – Provides a tech-enabled episode based care. Backed by Bain Capital Ventures, TomorrowVentures, Bain Capital, Spring Lake Equity Partners.
Truveris (2009, NYC, $51.7M) – A SaaS-based platform for prescription claims analytics and pharmacy data validation. Backed by New Leaf Venture Partners, Tribeca Venture Partners, First Round, New Atlantic Ventures and more.
MediGain (2002, Plano, $46M) – Analytics tools for revenue cycle management, billing, and reimbursement. Backed by Prudential Capital Partners.
Apixio (2009, San Mateo, $42M) – Cognitive computing platform for risk adjustment coding. Backed by SSM Partners, First Analysis, and Bain Capital Ventures.
Operational Analytics
Evariant (2008, Farmington, $68.5M) – CRM analytics platform for digital marketing and patient engagement. Backed by Goldman Sachs, Lightspeed Venture Partners, Health Enterprise Partners, Dignity Health and Salesforce Ventures.
Kyruus (2010, Boston, $56M) – Referral management solutions using analytics and data mining. Backed by Venrock, Mckesson Ventures, New Leaf Venture Partners, Highland Capital Partners and more.
Evidation (2014, Menlo Park, $31M) – Data analytics platform to assess digital health technologies. Backed by Rock Health, GE Ventures, Sanofi-Genzyme BioVentures, Fresco Capital, B Capital Group and more.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and understaffing. Backed by Health Velocity Capital, HLM Venture Partners, Draper Triangle, West Capital Advisors and more.
Health Engagement
Proteus Digital Health (2001, Redwood City, $404M) – Medication adherence platform using sensor-enabled pills, biometric sensor patch, and data analytics. Backed by Novartis, Medtronic, Oracle, KP Ventures.
Early Sense (2004, Israel, $85M) – Has developed a sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits. Backed by Pitango Venture Capital, The Challenge Fund-Etgar, JK&B Capital, ProSeed Venture Capital Fund, Docor International, Bank Hapoalim, Bridge Investment Fund, Noaber Services, Mitsui, Impact First Investments, Partners500, Welch Allyn, Samsung Venture Investment.
Glooko (2010, Palo Alto, $71M) – Analytics-driven diabetes management solution for patients, health systems, and payer groups. Backed by Georgian Partners, Mayo Clinic, Canaan Partners, Social Capital, Medtronic, Samsung NEXT, Insulet, Samsung Venture Investment, Canaan.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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