Health information integration platforms, especially consumer-focused ones, were mostly talk last year, but in 2015 the technology is being put into practice.
One platform company, Validic, has now secured a $12.5 million funding round led by Kaiser Permanente Ventures, the corporate venture capital arm of managed care giant Kaiser Permanente. A funding by Kaiser is seen as an important seal of approval in health circles.
Validic, headquartered in Mountain View, California, and Durham, N.C., said it’ll use the new money to continue to add staff, build products, and increase the number of devices reached by its platform.
The company’s integration platform provides a common place where medical device and consumer biometric device data can be collected, processed, and accessed by health care companies. These companies include health care providers, pharmaceutical companies, digital health companies, health IT companies, wellness program providers, and payers.
Currently, Validic integrates to 175 devices and applications. Its integration partners include Adidas, Omron, Misfit, A&D Medical, Qardio, Fitlinxx, and LifeFitness. Validic says 63 percent of its device partners are clinical in focus, and the rest are fitness-oriented.
Validic recently announced that its platform can trade data with Apple’s consumer health integration platform.
Validic’s last raise came on March 12, 2014, when it announced a $1.25 million infusion. Just five months later, in August 2014, Validic closed another $5 million round co-led by Greycroft Partners and SJF Ventures.