Health IT, Startups

Internet of Things enabler Validic raises $12.5M to add staff, support product development

Validic, a software developer with technology that suppoorts the growth of the Internet of Things […]

Validic, a software developer with technology that suppoorts the growth of the Internet of Things in healthcare, has raised $12.5 million to expand its staff to support more products and to expand its customer base. Kaiser Permanente’s venture arm led the Series B round.

“We are currently hiring for roles in technology development, operations and implementation, and sales,” Validic CEO and co-founder Ryan Beckland said in response to emailed questions. “Based on the growth of our client base, we are adding these roles in these areas and expect the employee base to expand by 50% by the end of the year.”

Although it declined a request for more information on products under developments, Beckland pointed to the launch of its developer interface Validic Connect, which gives software developers access to Validic’s platform. “Additionally, we are always continuing to enhance our portfolio of solutions to help accelerate mhealth data access for healthcare companies of all sizes – from startups to midsize companies to corporations.”

To date Validic’s technology is used with more than 175 devices to help users share data from their glucometers and wearable devices with providers to advance interoperability.

Beckland said that its technology supports the Internet of Things with the broader goal of interoperability.

“As the Internet of Things becomes more of a reality, the expectation is going to be data interoperability across all devices, applications and areas of a person’s life. Healthcare is beginning to embrace this idea. Everything will be interconnected and the data feedback will be available real-time. Validic is advancing this reality by providing easy and quick access to digital health data for healthcare companies.”

He added: “We are seeing clients beginning to really focus on data-driven initiatives – like telemedicine, virtual visits, remote clinical trials, self-diagnosing kiosks in pharmacies, and so on – to drive quality outcomes and engagement. These programs that promote an individually tailored healthcare of convenience and affordability are going to continue to move us forward toward greater interoperability within healthcare. All of this is only possible with the data from in-home and wearable tracking devices becoming available to care providers. Validic is working to close the loop to create a more interoperable healthcare system and advance the Internet of Things.”

Although Validic has built a big profile in this space, other companies have been working to promote interoperability by helping their clients’ customers  de-silo and share data, such as Valencell and Human API.

Earlier this month the company integrated its network with Apple HealthKit and launched it in Beta to its clients, giving users the ability to integrate Apple Health data into their iOS applications.

The company has added several new customers including health IT vendors and providers such as Cerner, MEDITECH, University of Pittsburgh Medical Center, The Vitality Group, Healarium, Alere, WebMD, and Everyday Health.

[Photo credit: Image from Flickr User Casaleggio]

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