Validic raises $12.5M in round led by Kaiser Permanente Ventures

By Aditi Pai
07:00 am

ValidicDurham, North Carolina-based health data platform company Validic has raised $12.5 million in a round led by Kaiser Permanente Ventures. Last year the company closed out its $5 million first round, and in 2013 it raised a seed round that included investment from Mark Cuban.

This latest round brings the company's total funding to at least $18.5 million. Other existing investors include Greycroft Partners and SJF Ventures.

"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," Validic CEO Ryan Beckland said in a statement. "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 works with healthcare providers and others to help them integrate data streams from many different apps and devices into one secure, easy-to-interact with pipe. This includes consumer devices like those made by Fitbit and Jawbone, sports devices like those from Polar and Garmin, and, increasingly, medical devices — anything that connects to a smartphone via Bluetooth.

Validic's service now reaches 160 million lives in 47 countries and integrates with over 175 fitness and clinical devices and applications. When it discussed its first round of funding in August, Validic was reaching 72 million lives in seven countries. In recent months Validic has been announcing its EHR integrations.

Earlier this month, Validic announced that it was integrated with EHR vendor Meditech. The deal brought mobile health device integration to more than 2,400 Meditech provider groups. At the time, Meditech said the technology would be used to drive more efficient remote patient monitoring, home care, patient discharge management and wellness initiatives.

And in March, Validic also announced Cerner as its first EHR integration. The deal allows healthcare providers using the Cerner EHR to enable patients to import clinical, fitness, wellness and nutritional data from consumer devices into their records via the patient portal. Doctors and nurses, and individual hospitals, can decide what to do with that data.


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