Viewics is a health care data analytics company that uses a cloud-based SaaS model to provide health care organization with solutions to improve their operational, financial and clinical outcomes. Viewics raised $8M in additional funding today, in a round led by Canvas Venture Fund. This is the second funding round for the company this year. Earlier this February, it raised an undisclosed amount from a group of savvy Silicon Valley investors, including Morado Ventures’ Farzad Nazem, who also is the former Yahoo CTO, and AME Cloud Ventures, a venture capital group led by Yahoo’s founder and former CEO, Jerry Yang.
Viewics’ flagship product, Viewics Health Insighter (VHI), allows health care organizations to have a standardized suite of analytics tools to aggregate, extract and share insights from the vast amounts of data in their information systems. It eliminates the hassle of developing an internal business intelligence infrastructure. Viewics has over 100 hospitals and laboratories as its customers, and processes data for 20 million patients across multiple departments and visits. The VHI data aggregation platform enables clinical analysis on a database representing 650 million tests.
Canvas, which is a spin off from Morgenthaler Ventures, was initially managed by Gary Little, Rebecca Lynn, and Gary Morgenthaler, with Paul Hsiao joining in as a general partner in May 2014.
Rebecca Lynn is going to join Viewics’ Board of Directors along with Ash Patel of Morado Venture Partners. This is not a surprising news since Ms. Lynn has a long association with this company. In 2011, Viewics was selected as a finalist in the first DC to VC Startup Showcase, a contest organized by Morgenthaler Ventures with co-organizers Silicon Valley Bank, Health 2.0, and Practice Fusion, where US-based entrepreneurs competed to raise seed or Series-A capital for their health IT startups. Rebecca Lynn was one of the judges of the contest, along with Shai Goldman and JC Simbana, directors at Silicon Valley Bank; Matthew Holt, co-founder of Health 2.0; and Steven Krein, founder of StartUp Health and CEO of Organized Wisdom.
Prerna Anand is Queen of Data at Health 2.0
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I think that storing medical info on health care data systems is intrinsically beneficial for the majority. At least I think the intentions for establishing them are. In the case of Care.data however, I just don’t think they are still within certain limits that need to be respected though. It’s not fair for patients to not be asked whether they are okay with having their data sold to private research enities.