Validic builds a digital health and remote care platform that converts personal health data into actionable insights to strengthen care delivery and patient engagement. Led by CEO Drew Schiller, the company supplies solutions used by healthcare providers, health plans and health IT companies to deliver personalized chronic condition management, remote care and support for healthy living. Customers named in the article include Mass General Brigham, Cleveland Clinic, Mayo Clinic and CVS Health. The company said it will use new funding to continue investing in its digital health and remote care platform. The report does not disclose specific operating metrics such as revenue or user counts. Validic is a cloud-based digital health platform that provides access to patient data from in-home clinical devices, wearables and patient healthcare applications. Launched in 2010 by CEO Ryan Beckland and based in Durham, NC, the company connects providers, pharmaceutical companies, payers, wellness firms and health IT vendors to digital health technologies. Its FDA Class I MDDS technology delivers actionable, standardized and HIPAA-compliant consumer health data from mobile health devices and applications. Validic integrates with over 175 fitness and clinical devices and applications. The platform is used to coordinate care across communities, improve patient engagement strategies and manage patient populations. The company raised $12.5M in Series B funding and intends to use the proceeds to continue to grow operations. Validic operates an API platform that links mobile health apps and consumer devices to healthcare organizations such as hospitals and insurers. The platform aggregates individual health data recorded via mobile apps and devices ranging from the Nike Fuel Band to in-home blood pressure monitors. By simplifying data collection, Validic opens new doors for remote patient monitoring and preventative healthcare. The company plans to deploy the platform to over 20 million people by the first quarter of 2014. Financially, Validic closed a $5 million Series A round co-led by Greycroft Partners and SJF Ventures. The company is based in Durham, NC. Validic is a Durham, NC-based provider of a technology platform for accessing data from mobile health and in-home devices, wearables and patient healthcare applications. The platform connects customers — providers, pharmaceutical companies, payers, wellness companies and health systems — to mHealth technologies to help coordinate care, improve patient engagement and manage populations. The company closed a $1.25M convertible note and has now raised $2.1M in total. Management said it will use the funding to grow and expand the business. The company is led by co-founder and CEO Ryan Beckland. In conjunction with the raise, Validic hired John Turnburke as senior vice president of business development, Chris Edwards as senior vice president of marketing, and Ben Clark as vice president of operations. Validic operates an API platform that connects individual health data from mobile apps and devices to healthcare organizations. The platform links data sources ranging from consumer wearables like the Nike Fuel Band to in-home blood pressure monitors. Customers include hospitals, health insurers and other healthcare organizations that consume patient-generated data. The company is led by CEO and co-founder Ryan Beckland. Validic recently secured external funding and has commercial traction, evidenced by a contract with Viverae to integrate Validic data feeds into Viverae's Health Management System. The company is based in Durham, North Carolina.

Total raised

$32M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2022