Digital health is about to get even bigger: Validic and Kaiser Permanente raised $12.5 million in funding for the health information platform.
Validic is a Durham, North Carolina-based company that specializes in cloud-based digital health platforms. Founded in 2010, Validic aims to strengthen patient-doctor engagement through healthcare applications, wearables, and in-home clinical devices. With over 175 wearables applications, not to mention other clinical devices, Validic has over 160 million clients in 47 countries. Its platform is used by healthcare technology companies such as Cerner and MEDITECH.
This news of successful funding comes after Validic announced a 20 percent growth in its ecosystem within the first quarter of the year.
“We are honored to announce our recent Series B raise led by Kaiser Permanente Ventures,” said Validic CEO and co-founder Ryan Beckland. “With millions of individuals now using wearables, applications and clinical in-home devices to track and manage their health, it is more important now than ever that this data is accessible to healthcare providers.”
Jordan Kramer, Director of Kaiser Permanente Ventures, is optimistic about Validic’s future. “Kaiser Permanente Ventures is committed to partnering with entrepreneurs to advance clinical quality, service and affordability,” he said. “Leveraging technology to engage consumers and transform healthcare is a key priority for us. Validic fits well with that strategy.”
Validic reported it will use the $12.5 million raised to increase staff, create new products, and reach even more devices with its platform.