Verato offers a cloud-based matching platform that links and matches identities across disparate sources using Referential Matching, a self-learning approach that the company says is more accurate than conventional methods. The platform leverages an extensive self-learning database of U.S. identities as a reference or universal answer key. Verato is HITRUST-certified and positions its SaaS solution as easier to implement, more scalable, and more cost-effective than legacy MPI systems. The company emphasizes faster deployments and lower maintenance compared with traditional on-premise MPIs. Management states it will continue to provide the market with leading identity-resolution solutions and pursue growth with operational support from new investors. Financially, the company has just completed a $10 million Series C round participation by new and existing investors. Verato is a McLean, VA–based provider of cloud-based identity matching and Master Patient Index (MPI) solutions. Its cloud platform links and matches identities across disparate databases or organizations to unify patient records across different health systems. The company focuses on situations where existing technologies have under-performed. Led by CEO Mark LaRow, Verato recently signed five new healthcare organizations as customers, including three Health Information Exchanges and a multi-billion-dollar health enterprise with over 20 hospitals and a three-million-member health insurance division. Verato raised $12.5m in a Series B financing led jointly by Bessemer Venture Partners and Columbia Capital. The company intends to use the funds to accelerate technology development and expand adoption of its platform.

Total raised

$23M

Funding rounds

2

Latest round

Series C

Latest activity

Jan 2019