Validic raises $12.5 million Series B round led by Kaiser Permanente Ventures

Validic, the healthcare industry's leading digital health platform, announced today that it has secured a $12.5 million Series B round led by Kaiser Permanente Ventures, the corporate venture capital arm of Kaiser Permanente. The funding will continue to fuel Validic's rapid growth.

Since launching Validic in 2010, the company has grown its client population reach to over 160 million lives in 47 countries and now integrates with over 175 fitness and clinical devices and applications. Validic continues to add clients within a variety of healthcare segments powering their patient data integration, including pharma, providers, insurance companies, wellness and healthcare technology companies. Two of those leading healthcare technology companies include Cerner and MEDITECH, both of which are utilizing the Validic platform to integrate mobile health and in-home clinical device data into patient portals.

"Kaiser Permanente Ventures is committed to partnering with entrepreneurs to advance clinical quality, service and affordability," Jordan Kramer, Director Kaiser Permanente Ventures, stated. "Leveraging technology to engage consumers and transform healthcare is a key priority for us. Validic fits well with that strategy."

"We are honored to announce our recent Series B raise led by Kaiser Permanente Ventures," Ryan Beckland, CEO and co-founder of Validic, said. "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. We have built an enterprise digital health platform to power this integration for healthcare companies allowing them to focus on driving their core technologies and programs, which are going to be vital to the future success of healthcare. With this investment, we will continue to build out our team and product offerings to fuel the utilization of digital health data to transform healthcare."

Validic's mission is to empower healthcare and technology innovators. With access to secure and verified patient-generated data, leveraging Validic's solutions, healthcare organizations are better able to tackle patient engagement, population management, predictive analytics, improved outcomes, care coordination and cost-reducing initiatives.

SOURCE Validic