Business, Investments

Health Data Platform Validic Raises $12.5M Funding Led by Kaiser Permanente Ventures

Image Source: PrivacySurgeon

Image Source: PrivacySurgeon

Durham, North California-based  health information integration platforms, Validic has secured $12.5 million funding led by Kaiser Permanente Ventures. The raised funding will be used to continue to add staff, build products, and increase the number of devices reached by its platform.

In August 2014, the firm had secured $5 million in series A funding co-led by Greycroft Partners and SJF Ventures. In 2013, the company had received its seed round of $760,000. The latest round brings the total capital of the firm is $18.4 million in 5 rounds from 11 investors.

The company offers an integration platform where medical device and consumer biometric device data can be collected, processed and accessed by healthcare providers, digital health companies, health IT companies, wellness program providers and payers. Its partners are Adidas, Omron, Misfit, A&D Medical, Qardio, Fitlinxx, and LifeFitness.

Validic was founded in 2010 by Ryan Beckland and Drew Schiller, having 51-100 members in its current team. It integrates with over 175 fitness and clinical devices and applications. The company’s service now reaches 160 million lives in 47 countries.

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