HEALTHCARE DATA INTEGRATION STARTUP ABACUS INSIGHTS LANDS $12.7M USD IN SERIES A FUNDING

Abacus Insights, an early stage startup has just announced a series A raise for $12.7 million USD led by CRV who joins current investors 406 Ventires and Echo Health Ventures.

Why this matters: Abacus aims to coordinate healthcare information across multiple systems, thus making it easier for insurance companies to share information with various parties.

Notable Quotes: “We launched in 2017 with the purpose of helping our clients, who are typically large health insurance companies, liberate all the data they sit on so that they can help their members become healthier and have better experience with the overall health care system.” – Abacus founder and CEO Dr. Minal Patel

“Abacus makes gathering a patient’s healthcare history simpler for insurance companies by using a data management platform that houses their complete medical history in one place. Making it easier for both insurance companies and healthcare providers to look at a patient’s data in real-time and make better medical decisions to treat the patient in the best way possible.” – company spokesperson