Tracxn - Healthcare Analytics Startup Landscape

NOVEMBER 2018
HEALTHCARE ANALYTICS

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - HealthcareAnalytics - Nov 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
TAKE SHARPER DECISIONS
WITH TRACXN
✓ Analyst team Covering 250+ Sectors
✓ Proprietary Business Model tagging
✓ 6000+ On-demand Queries answered
✓ Sector Reports, Market Maps
✓ One-Click Connect with Founders
Join 500+ Investors & Corporates to get the
Tracxn Advantage

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on November 10, 2018.
Healthcare Analytics Feed Summary
4
Healthcare Analytics > Feed Summary
All B2B analytics solutions for healthcare organizations. The companies are classified vertically as - Clinical, Financial and
Operational solutions based on their applications in the healthcare industry; and Suite solutions which cut across the verticals.
• Inclusions: Includes companies which offer analytics
solutions that help gain insight into clinical operations,
revenue cycle process, and facilitate subsequent
decision making. These solutions are primarily used by
hospitals. However, payers and employers also use
clinical data for claims and benefits management, and
to monitor member health.
• Exclusions: Companies offering analytics solutions
across various industries, analytics consultancies,
service oriented companies.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$10.3B
Funding
54
Mega
Companies
6911358
FundedCovered on
Tracxn
8
Unicorns
33
Soonicorns
60
Minicorns
30
IPO’d Cos
325
Late Stage Cos
77
178
Acquisitions
94
DeadPooled
2
Acquihired
Series A+ Cos
DeepMind
(2011, London, $50M)
Change Healthcare
(2007, Nashville, $36.6M)
Innovaccer
(2012, Noida, $43.4M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Healthcare Analytics
5
$240M - Series E
HeartFlow (2007, Redwood City, $503M)
$80M - Series D
Tempus (2015, Chicago, $320M)
$231M - PE
Modernizing Medicine (2010, Boca Raton,
$329M)
$75M - Series E
Welltok (2009, Denver, $276M)
$115M - PE
Alignment Healthcare (2013, Orange, $240M)
$70M - Series C
$110M - Series E
$57M - Series B
Clarify Health Solutions (2015, San Francisco,
$63M)
$88M - Series H
Proteus Digital Health (2001, Redwood City,
$492M)
$55M - Series E
Health Catalyst (2008, Salt Lake City, $292M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Healthcare Analytics > Feed Summary > Investment Trend Summary
Seed Jumpstart Foundry (#5), Data Collective (#3), Venrock (#2)
Series A/B
BlueCross BlueShield Venture Partners (#4), Flare Capital
Partners (#4), Merck Global Health Innovation Fund (#4)
Series C+
HLM Venture Partners (#2), Bain Capital Ventures (#2), McKesson
Ventures (#2)
Incubators
Y Combinator (#12), Ben Franklin Technology Partners (#6),
Dreamit(#6)
Other Notable
Investors
StartUp Health (#15), GE Ventures (#10), Healthbox (#7)
Debt Investors
Western Technology Investment (#7), Silicon Valley Bank (#5),
Harbert Management (#3)
Most Active InvestorsRecent Investments
138
164
181
128
50
4
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 129 176 172 168 141 118
$9.3B
$231M
$214M
$116M
$81M
US
Europe
Israel
Canada
India
$ Funding
$1.6B
$586M
$2.3B
$1.4B
$1.2B $1.2B
$3.3B
129
2013 2014 2015 2016 2017 2018*
$ Funding $ Funding Predicted
# Rounds # Rounds Predicted

Summary of exit outlook in Healthcare Analytics
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Sequoia Capital 3
Assurex Health (2006, Mason, $84.5M)
SCIO Health Analytics (2007, West Hartford,
$15.9M)
Baillie Gifford 3
Parthenon 3
MedAssets (1999, Alpharetta, $22.2M)
Eliza Corp (1998, Danvers)
Grotech Ventures 2
Medecision (1988, Wayne, $30M)
InterWest Partners 2
Epocrates (1998, San Mateo, $35M)
Certive (2013, Phoenix, $8.6M)
Jul 2018
Conifer Health Solutions Acq by UnitedHealth Group
for $2B
Jun 2018 Cotiviti Healthcare Acq by Verscend for $4.9B
Feb 2018 Flatiron Health Acq by Roche for $1.9B
Jan 2018 DST Systems Acq by SS&C Technologies for $5.4B
Apr 2016 Truven Health Acq by IBM for $2.6B
Aug 2015 Altegra Health Acq by Emdeon for $910M
Healthcare Analytics > Feed Summary > Exit Outlook Summary
IBM 3
Truven Health (Apr 2016, $2.6B), Phytel (Apr 2015), Explorys
(Apr 2015)
Philips 3
Wellcentive (Jul 2016), VitalHealth Software (Dec 2017),
Analytical Informatics (Nov 2017)
IMS Health 3
Appature (Mar 2013, $100M), Dataline Software (May 2015),
Medvantage (May 2011)
Varian Medical
Systems
3
MeVis (Dec 2014, $37.4M), Noona (Oct 2018), Evinance (Feb
2018)
Aetna 3
Health Data and Management Solutions (May 2005,
$400M), ActiveHealth Management (May 2005, $400M),
Healthagen (Dec 2011)
Recent IPOs Top Acquisitions
NantHealth Jun 2016
Integrative bioinformatics platform to fi…
IPO MCap: $1.7B
Cotiviti Healthcare May 2016
Analytics-driven payment accuracy solutio…
IPO MCap: $1.7B
Volpara Solutions Apr 2016
Quantitative breast imaging tools to asse…
IPO MCap: $24.4M
Evolent Health Jun 2015
Provides clinical and operational technol…
IPO MCap: $675M
Mynd Analytics Jul 2017
Provider of reference data and analytic t…
IPO MCap: $22.1M
Friday Night Jun 2017
Offers a decision support platform for fa…
IPO MCap: $377k
Catasys Apr 2017
Predictive behavior tracking to reduce me…
IPO MCap: $77.9M
Tabula Rasa Healthcare Sep 2016
Data driven care optimization solutions f…
IPO MCap: -

FACTSHEET
Marketmap: Healthcare Analytics
Overview
Companies 1358
Funded 691 Series A+ 325
Funding $10.3B Last 2 yrs $2.9B
Most Active Investors
Seed Jumpstart Foundry (5)
Series A/B BlueCross BlueShield Venture
Partners (4)
Series C+ HLM Venture Partners (2)
Others StartUp Health (15)
Incubators Y Combinator (12)
Top Cities
Bay Area 140 Cos $2.2B
Culver City 1 Cos $765M
Feed in Numbers
Unicorns 8 Soonicorns 33
Minicorns 60 Editor Picks 198
Acquihired 2 Deadpooled 94
Top Companies
Innovaccer (2012, Noida, $43.4M)
DeepMind (2011, London, $50M)
Change
Healthcare
Exits
IPOs 30 NantHealth, Cotiviti
Healthcare
Acquisitions 178 DST Systems, Cotiviti
Healthcare
Top Acquirers IBM, Philips
VALUE-BASED CARE* SUITE
CLINICAL ANALYTICS
IMAGE ANALYSIS*
PERSONALIZED MEDICINE*
TREATMENT PLANNING
POPULATION HEALTH
PATIENT
EMPLOYEE
HEALTH ENGAGEMENT
MEDICATION ADHERENCE*
REMOTE MONITORING
OPERATIONAL ANALYTICS
BUSINESS INTELLIGENCE*
ASSET MANAGEMENT*
MARKETING
EHR
FINANCIAL ANALYTICS
SUITE
COST CONTAINMENT
RISK ADJUSTMENT*
EPISODE-BASED PAYMENTS
For any Feedback and Query reach out to MyAnalyst@tracxn.com
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
Healthcare Analytics > Feed Summary > BlueBox
7

Key Sub Sectors in Healthcare Analytics Sector
Summary of Key Markets
8
Other Notable Markets
# Cos on
Platform
Last 2 Years
$ Invested # Round
Clinical Analytics > Diagnosis > Image
Analysis > Oncology >
AI
23 $44.9M 4
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Population Health Management >
Employee Health 31 $201M 16
Clinical Analytics > Diagnosis > Image
Analysis > Disease-agnostic >
AI
36 $148M 16
EHR Platforms 49 $281M 9
Clinical Analytics > Care Planning >
Treatment > Precision Health >
Oncology
13 $296M 7
Population Health Management >
Patient Health 111 $147M 14
Operational Analytics >
Business Intelligence 92 $138M 11
Health Engagement > Patient Engagement >
Medication Adherence 14 $100M 6
Clinical Analytics > Care Planning >
Treatment >
Generic
39 $35.7M 12
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Clinical Analytics
Companies that provide solutions using data mining or
new techniques like AI, NLP, ML...
426 227 $2.8B
Suite Solutions
Companies that offer a suite of analytical solutions
which help hospitals transition...
54 35 $2.3B
Operational Analytics
Companies which provide analytical solutions that
support administrative and operational...
369 147 $1.4B
Health Engagement
Companies which provide analytics solutions to try
and engage patients more in the care...
181 111 $1.2B
Population Health Management
Companies that offer patient data aggregation &
analysis solutions across multiple Health...
157 92 $1.1B
EHR Platforms
Companies that provide EHRs integrated with
analytics or using AI, ML to improve clinical...
49 15 $902M
Financial Analytics
Companies which offer solutions aimed at
streamlining and improving the financial process...
122 64 $744M
Healthcare Analytics > Feed Summary > Summary of Key Markets

List of Notable Companies in Healthcare Analytics
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
Healthcare Analytics > Feed Summary > Notable Companies in the Sector
Public
Inovalon
(1998, Bowie)*
NantHealth
(2007, Culver City, $765M)
MedAssets
(1999, Alpharetta, $22.2M)
Evolent Health
(2011, Arlington, $121M)
Medecision
(1988, Wayne, $30M)
MeVis
(1997, Bremen)
Omnicell
(1992, Mountain View)
Catasys
(2003, Los Angeles, $28.3M)
Volpara Solutions
(2009, Wellington, $5.5M)
ResApp Health
(2014, Perth)
Public
Mynd Analytics
(1999, Aliso Viejo, $33.9M)
IXICO
(2013, London)
VentriPoint
(2005, Seattle)
Friday Night
(2015, Vancouver)
Open Source Health
(2001, Toronto)
Picis Clinical Solutions
(1994, Wakefield, $189M)
MD Revolution
(2011, San Diego, $10.6M)
Certive
(2013, Phoenix, $8.6M)
Quture
(1972, Daytona Beach, $563k)
Advisory
(1979, Washington D.C.)
Public
Tabula Rasa Healthcare
(2013, Moorestown)
BSP Medical
(2000, Tel Aviv)
Feedback
(1958, Cambridge)
Streamline Health
(1989, Atlanta)
VeriTeQ
(1995, Delray Beach)
Acquired
DST Systems
(1969, Kansas City)
Cotiviti Healthcare
(1979, Atlanta)
Emdeon
(1986, Nashville)
Truven Health
(2012, Ann Arbor)
Conifer Health
Solutions
(2008, Frisco)
Flatiron Health
(2012, New York City, $314M)
Altegra Health
(1990, Miami)
Verscend
(1996, Waltham, $15M)
ZirMed
(1999, Louisville)
Acquired
Decision Resources
Group
(1995, Burlington)
DeepMind
(2011, London, $50M)
vRad
(2001, Eden Prairie)
HealthDataInsights
(1985, Las Vegas, $13.2M)
ActiveHealth
Management
(1998, New York City)
CECity
(1996, Homestead)
Health Data and
Management Solutions
(1995, Chicago)
Epocrates
(1998, San Mateo, $35M)
Aesynt
(2013, Cranberry Township)

List of Notable Companies in Healthcare Analytics
Notable Companies in the Sector (2/2)
10
Healthcare Analytics > Feed Summary > Notable Companies in the Sector
Acquired
SCIO Health Analytics
(2007, West Hartford, $15.9M)
Assurex Health
(2006, Mason, $84.5M)
Valence Health
(1996, Chicago, $45M)
Eliza Corp
(1998, Danvers)
Avalere Health
(2000, Washington D.C.)
Appature
(2007, Seattle, $9.6M)
Unicorns
HeartFlow
(2007, Redwood City, $503M)
Proteus Digital Health
Modernizing Medicine
(2010, Boca Raton, $329M)
Tempus
(2015, Chicago, $320M)
Change Healthcare

List of Notable Companies by Market in Healthcare Analytics
Notable Companies by Market (1/11)
12
Healthcare Analytics > Feed Summary > Notable Companies by Market
Suite Solutions
Suite Solutions
NantHealth (2007, Culver City, $765M)
Integrative bioinformatics platform to find
individualized treatment for cancer and other
diseases
Unicorn. Stage: Public
Allscripts, Kuwait Investment Authority, Celgene
and 3 Other Investors
Provides analytics platform to improve quality and
reduce costs of healthcare organizatons
Soonicorn. Stage: Series E
Norwest Venture Partners, UPMC, Leerink Partners
CitiusTech (2005, Princeton, $112M)
Offers a range of analytical solutions and
technology services for Healthcare providers
Soonicorn. Stage: Funded
General Atlantic
Suite Solutions
Change Healthcare (2007, Nashville, $36.6M)
Healthcare cost transparency and consumer
engagement solutions
Unicorn. Stage: Acquired
Israeli Government, HLM Venture Partners, Noro-
Moseley Partners and 8 Other Investors
SCIO Health Analytics (2007, West Hartford,
$15.9M)
Provides payment integrity solutions for healthcare
organizations
Minicorn. Stage: Acquired
Sequoia Capital, Silicon Valley Bank, Saama Capital
Truven Health (2012, Ann Arbor)
Delivers analytic tools, benchmarks and services
Conrad N. Hilton Foundation, Invest Michigan,
Veritas Capital
Suite Solutions
Indegene (1998, Bangalore)
Suite solutions for payers and healthcare providers
kitven Fund, Nadathur Estates
Health Data and Management Solutions
(1995, Chicago)
Web-based analytical and reporting tools for
clinical and operational performance benchmarking
Stage: Acquired
Streamline Health (1989, Atlanta)
SaaS-based analytic solutions to improve clinical,
financial and operational outcomes
Stage: Public
Great Point Partners, Noro-Moseley Partners
ZirMed (1999, Louisville)
Innovating Connected Healthcare
Stage: Acquired
Sequoia Capital, Poplar Ventures, Generation
Partners

13
Suite Solutions
Value Based Care
Providing population health management to health
systems and provider groups.
Warburg Pincus, General Atlantic
Evolent Health (2011, Arlington, $121M)
Provides clinical and operational technology
solutions to healthcare organizations
Soonicorn. Stage: Public
Advisory, UPMC Health Plan, TPG and 2 Other
Investors
Valence Health (1996, Chicago, $45M)
Provider of clinical integration and health plan
services.
Soonicorn. Stage: Acquired
GE Ventures, Flare Capital Partners, Heritage Group
Conifer Health Solutions (2008, Frisco)
Value-based care solutions for healthcare
organizations
Stage: Acquired
Value Based Care
Inovalon (1998, Bowie)
Cloud-based data analytics platform that helps
improve clinical, quality and payment integrity
outcomes
Stage: Public
Patient Health
Medecision (1988, Wayne, $30M)
Offers On-demand cloud based population health
technology
Stage: Public
Grotech Ventures, Michigan, Liberty Venture
Partners and 1 Other Investors
DST Systems (1969, Kansas City)
Intelligent BPM Solutions for Financial Services and
Healthcare Payer Organizations
Stage: Acquired
ActiveHealth Management (1998, New York
City)
Analytics and insights platform for assessing and
managing the health of individuals
Stage: Acquired
Radius Ventures, Psilos

14
Employee Health
Platform which allows payers and employers to
link incentives with improvement in health
parameters and provides personalized health
recommendations to consumers
Future Fund, Ziff Davis, ITOCHU and 21 Other
Investors
Lyra Health (2015, Burlingame, $83.1M)
Behavioral health management solution for
healthcare organizations
Soonicorn. Stage: Series B
Tenaya Capital, Glynn Capital, Crown Venture
Investment Fund and 7 Other Investors
Clinical Analytics
Risk Profile
Open Source Health (2001, Toronto)
Online platform for women health assistance to
deliver precision medicine.
Stage: Public
Cybernorth Ventures
Diagnosis
Provides cardiovascular diagnostic support using
analytics.
Unicorn. Stage: Series E
Wellington Management, Baillie Gifford, Martis
Capital and 8 Other Investors
Butterfly Network (2011, Guilford, $100M)
Ultrasound based low cost, portable imaging
devices that use machine learning technology
Aeris Capital, Stanford University, EMBL Ventures
Sophia Genetics (2011, Lausanne, $61.8M)
Solutions for storage and analysis of patient
genome sequence information and data.
Soonicorn. Stage: Series D
Balderton Capital, Invoke Capital, 360 Capital

15
Clinical Analytics
Diagnosis
Zebra Medical Vision (2014, Ramat Hasharon,
$50M)
Medical image based decision support tools
Soonicorn. Stage: Series C
aMoon, Johnson & Johnson Innovation,
Intermountain Healthcare and 12 Other Investors
Arterys (2012, San Francisco, $42M)
SaaS analytics platform for Medical Image Analysis
Temasek, Northwell, NewYork-Presbyterian and 10
Other Investors
Enlitic (2014, San Francisco, $15M)
Machine learning for diagnostic healthcare
Capitol Health, Mission and Market, Amplify
Diagnosis
Volpara Solutions (2009, Wellington, $5.5M)
Quantitative breast imaging tools to assess breast
density
Stage: Public
Callaghan Innovation
ResApp Health (2014, Perth)
Smartphone app for diagnosing respiratory
diseases
Editor's Pick. Stage: Acquired
Jett Capital, Empire Capital, CPS Capital Group
BSP Medical (2000, Tel Aviv)
Non-invasive diagnosis of ischemic cardiac disease
Stage: Public
Virtus Inspire Ventures
MeVis (1997, Bremen)
Provides image processing software and services
for cancer screening
Stage: Acquired
Diagnosis
Feedback (1958, Cambridge)
Software solutions and workflows for medical
image analysis
Stage: Public
IXICO (2013, London)
provides clinical trial services, and developer of
medical image management and analysis
Stage: Public
SBRI Healthcare, UK Government, IP Group and 1
Other Investors
VentriPoint (2005, Seattle)
Heart analysis system
Stage: Public
vRad (2001, Eden Prairie)
Provides radiology informatics solutions and
teleradiology services
Stage: Acquired
NewStar Financial

16
Clinical Analytics
Care Planning
Oncology platform for sequencing, analytics and
informatics
T. Rowe Price, Revolution, New Enterprise
Associates and 3 Other Investors
Imaging Advantage (2007, Santa Monica,
$295M)
Evidence based CDS tools for radiology
CRG, Goldman Sachs, Bregal Sagemount
Assurex Health (2006, Mason, $84.5M)
Personalized neuropsychiatric medicine
Sequoia Capital, Mayo Clinic, Claremont Creek
Ventures and 12 Other Investors
Care Planning
Syapse (2008, Palo Alto, $69.5M)
Molecular profiling platform for diagnosing and
treating patients
Ascension Ventures, GE Ventures, Intermountain
Healthcare and 7 Other Investors
Cota Healthcare (2013, New York City, $65M)
A data and technology platform for value-based
precision medicine
IQVIA (formerly Quintiles IMS), EW Healthcare
Partners, Memorial Sloan - Kettering Cancer Center
DeepMind (2011, London, $50M)
Deep learning AI
Founders Fund, Horizons Ventures, Rockspring and
4 Other Investors
Care Planning
Epocrates (1998, San Mateo, $35M)
Mobile & web based platform for clinical
information and decision support for providers
Minicorn. Stage: Acquired
Three Arch Partners, Bay City Capital, DFJ and 6
Other Investors
Mynd Analytics (1999, Aliso Viejo, $33.9M)
Provider of reference data and analytic tools for
clinicians and researchers in psychiatry.
Stage: Public
Aspire Capital Fund, RSJ, Ergo Capital and 2 Other
Investors
Tabula Rasa Healthcare (2013, Moorestown)
Data driven care optimization solutions for
Radius Ventures, Originate Ventures, Rittenhouse

17
Clinical Analytics
Care Planning
Friday Night (2015, Vancouver)
Offers a decision support platform for faster
triaging of stroke patients
Stage: Public
Canaccord Genuity Group, Beacon Securities
Financial Analytics
Cost Containment
Truveris (2009, New York City, $51.7M)
HealthTech Analytics and Validation platform
McKesson Ventures, Canaan Partners, New Leaf
Venture Partners and 4 Other Investors
Catasys (2003, Los Angeles, $28.3M)
Predictive behavior tracking to reduce medical
claims cost
Stage: Public
Fraud Detection
HealthDataInsights (1985, Las Vegas, $13.2M)
Technology driven Fraud, Waste & Abuse solutions
for Healthcare
Stage: Acquired
Ticonderoga Private Equity, Redhills Ventures,
Upfront Ventures and 1 Other Investors
Certive (2013, Phoenix, $8.6M)
Cloud-based claims audit and recovery solutions for
healthcare providers in U.S
Stage: Public
InterWest Partners, Leapfrog Ventures, Crosspoint
Venture Partners and 1 Other Investors

18
Financial Analytics
Risk Adjustment
Centauri Health Solutions (2014, Phoenix,
$68.2M)
Technology Platform providing data management
designed specifically for risk adjustment and
quality-based revenue programs
Brookside Mezzanine Partners, Silversmith Capital
Partners, SV Health Investors
Apixio (2009, San Mateo, $49.4M)
Providing solutions for healthcare organization by
optimizing costs and outcomes.
SSM Partners, First Analysis, Bain Capital Ventures
Altegra Health (1990, Miami)
Cloud-based risk adjustment and quality analytics
platform
Stage: Acquired
Stockwell Capital, Parthenon, Questa Capital
Episode-Based Payments
Remedy Partners (2011, Fairfield, $96.2M)
Tech-enabled care coordination platform
Bain Capital Ventures, Vineyard Point Associates,
Health Catalyst Capital and 2 Other Investors
Suite Solutions
Analytical solutions for cost reduction, financial
optimization, clinical delivery alignment and
efficiency
Stage: Acquired
Pamplona Capital Management, JPMorgan, Barclays
Verscend (1996, Waltham, $15M)
Provides data analytics, risk assessment, payment
accuracy, and revenue integrity solutions to the
healthcare industry
Stage: Acquired
Cotiviti Healthcare (1979, Atlanta)
Analytics-driven payment accuracy solutions for
healthcare payers
Oak HC/FT, Advent International

19
Financial Analytics
Suite Solutions
Emdeon (1986, Nashville)
Provides revenue and payment cycle management
solutions
Stage: Acquired
Hellman & Friedman, General Atlantic, AlpInvest
Partners
Asset Management
Aesynt (2013, Cranberry Township)
Provides pharmacy automation and information
management solutions for hospitals and health
systems.
Stage: Acquired
Omnicell (1992, Mountain View)
Automated materials management & business
analytics solutions for healthcare organizations
Stage: Public
Mariko Osceola Gordon, Synergy Ventures, Ferrer
Freeman Company and 4 Other Investors
Referral Management
Kyruus (2010, Boston, $69.8M)
Referral management solutions for healthcare
organizations
Venrock, New Leaf Venture Partners, Leerink
Transformation Partners and 12 Other Investors

20
Marketing
Evariant (2008, Farmington, $68.5M)
Provides platform for digital marketing solutions
Salesforce, McKesson Ventures, Lightspeed Venture
Appature (2007, Seattle, $9.6M)
Appature offers cloud-based marketing and
Software-as-a-Service (SaaS) solutions to the
healthcare and pharma industry.
Stage: Acquired
Ignition Partners, Madrona Venture Group
Business Intelligence
Digital Reasoning (2000, Franklin, $103M)
Provides machine learning based text analysis
Barclays, Square Capital, Goldman Sachs and 9
Other Investors
Blue Health Intelligence (2010, Chicago,
$70.6M)
Provides predictive analytics to improve patient
care
Quture (1972, Daytona Beach, $563k)
Clinical performance and outcomes analytics
company
Stage: Public
Advisory (1979, Washington D.C.)
Provides an analytics platform and consulting
services for business intelligence
Editor's Pick. Stage: Public
Business Intelligence
Decision Resources Group (1995,
Burlington)
Provides a business intelligence platform and also
consulting servcies
Editor's Pick. Stage: Acquired
Providence Equity Partners, Piramal Group
Avalere Health (2000, Washington D.C.)
Focuses on solving analytic and strategic problems
for healthcare companies
Stage: Acquired
ABS Capital

21
Performance Metrics
CECity (1996, Homestead)
Offers Pay for Performance analytics
Stage: Acquired
Health Engagement
Member Engagement
Eliza Corp (1998, Danvers)
Predictive analytics driven platform for health
engagement
Parthenon, Questa Capital
Patient Engagement
$492M)
Medical adherence monitoring system
Unicorn. Stage: Series H
Otsuka, Novartis Venture Fund, Adams Street
EarlySense (2004, Ramat Gan, $85M)
Contact free patient monitoring solution
Soonicorn. Stage: Series F
Bank Hapoalim, Pitango Venture Capital, JK&B
Capital and 16 Other Investors
WellDoc (2005, Baltimore, $74.8M)
Mobile health products for chronic disease
management
JNJ Innovation, Samsung Venture Investment,
Adage Capital Management and 8 Other Investors

22
Health Engagement
Patient Engagement
Glooko (2010, Palo Alto, $71M)
Glucose meter and mobile app for diabetes
management
Georgian Partners, Mayo Clinic, Canaan Partners
MD Revolution (2011, San Diego, $10.6M)
SaaS based predicitive analytics platform for
patient engagement and outcomes improvement
Jump Capital, Global Healthcare Technology,
Bootstrap Venture Partners and 3 Other Investors
VeriTeQ (1995, Delray Beach)
Implantable RFID for in-vivo and in-vitro use
Stage: Acquired
Hudson Bay Capital Management
EHR Platforms
EHR Platforms
$329M)
Provides specialty-specific EMR with machine
learning technology
Warburg Pincus, Pentland, Sands Capital Ventures
Flatiron Health (2012, New York City, $314M)
Cloud-based oncology platform offering analytics,
billing and EHR
Roche, Baillie Gifford, Casdin Capital and 16 Other
Investors
Picis Clinical Solutions (1994, Wakefield,
$189M)
Clinical documentation, financial and operational
solutions for healthcare providers
Stage: Acquired
Goldman Sachs, Brown Brothers Harriman, 3i
Group and 4 Other Investors

Recent News in Healthcare Analytics Sector
Recent News
23
Healthcare Analytics > Feed Summary > Recent News
Nov 2018
Berry Genomics and Prenetics Establish JV to Enter China's
Consumer Genetics Market, PR Newswire
Nov 2018 GetWellNetwork Acquires HealthLoop, PR Newswire
Nov 2018 Tabula Rasa HealthCare Acquires Cognify, Citybizlist
Nov 2018
Cardinal Analytx Bounds into Next Growth Phase with Former
DecisionView CEO Linda Hand at Helm, BioSpace
Nov 2018
HuiyiHuiying Closes Funding Round Led by Intel Capital, PR
Newswire
Nov 2018
MaxQ AI Receives FDA Clearance for Accipio Ix™ Intracranial
Hemorrhage Diagnostics Intelligence Platform, PR Newswire
Nov 2018 Lunit prepares to enlist on KOSDAQ by 2020, Korea Biomed
Nov 2018
NutraNomics (NNRX) Announces Strategic Partnership for New,
Enhanced Product Development, GlobeNewswire
Nov 2018 Tabula Rasa Healthcare: 3Q Earnings Snapshot, Greensboro
Nov 2018
Premier Inc. Agrees to Acquire Stanson Health to Integrate Data-
Enabled Clinical Decision Support Capabilities within EHRs, Business
Wire
Nov 2018 Evolent Health Announces Third Quarter 2018 Results, PR Newswire
Nov 2018 PatientPop Increases Total Funding to $75 Million, NewsCenter
Nov 2018
Investor, Entrepreneur Steven Yecies Joins Mellitus Health Board,
Business Wire
Key Recent News Key Recent News
Nov 2018
Decision Resources Group Launches CoPay Accumulator Product
Providing Health Companies With Comprehensive CoPay Benefit
Insights, PR Newswire
Nov 2018
Study of Comprehensive Medication Measurement Offers Promise
to Improve Adherence, Accuracy of Medical Record, and Safety of
Patients on Multiple Medications, BioSpace
Nov 2018
Influence Health Congratulates Four Renowned Health Systems for
Notable 2018 MarCom Award Achievements , PRWeb
Nov 2018
Community Healthcare Network Partners with Valera Health to
Improve Behavioral Health Services., PR Newswire
Nov 2018
Evolent Health and SOMOS IPA Aim to Provide Physician-Driven
Medicaid Managed Care through New York Innovator Program,
BioSpace
Nov 2018 MYnd Analytics’ Peer Report Featured on CBS New York, AIThority
Nov 2018
Diameter Health Continues Pennsylvania Expansion with New
ClinicalConnect HIE Partnership, PRWeb
Nov 2018
Health First Selects Kyruus Solutions to Enable Digital Patient
Access Initiatives, Citybizlist
Nov 2018
Change Healthcare, TIBCO Collab to Bring Blockchain-Powered
Smart Contracts to Healthcare, HIT Consultant
Nov 2018
Oncology Analytics Raises $21 Million Series B Financing Led by
Oak HC/FT, PR Newswire
Nov 2018
Syapse, NCCN partner to incorporate cancer biomarker data into
precision medicine software, MedCity News

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
24
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Enterprise Networking
Oct 2018
Geographic Information Systems
Oct 2018
Internet First Brands
Oct 2018

Investments ($M) and number of rounds in Healthcare Analytics; 2011-2018
Global Funding Trends (1/2)
26
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Healthcare Analytics > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 7% # of Rounds33% $ Funding
13% # of Rounds
18% $ Funding
$1.6B
$219M
$360M
$586M
$2.3B
$1.4B
$1.2B $1.2B
$3.3B
0
20
40
60
80
100
120
140
160
180
200
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
$3.B
$3.5B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

34 45 66 74 82 70 51 35
27
42
50
70
67 79 76
62
5 9 13
32 23
19 14 21
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
66
118
Total # of Rounds
$24M $23M $42M $58M $61M $64M $46M $48M
$169M
$247M
$381M
$1.1B
$491M
$503M $589M
$626M
$26M $90M $163M
$1.1B
$889M $658M $591M $908M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
27
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Healthcare Analytics; 2011-2018
Healthcare Analytics > Investment Trends > Global Funding Trends
78
67
61
68
74
53
28
429
$2.7M
$2.8M
$0.0M
$1.0M
$2.0M
$3.0M
$4.0M
$5.0M
$6.0M
0
50
100
150
200
250
300
350
400
450
500
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
$2.7M $2.1M $2.6M $1.6M $3.2M $4.9M $2.5M $2.8M
$1.2B
$63M $95M $278M
$1.8B
$974M
$678M $732M
$2.5B
26
0
5
10
15
20
25
30
0
500000000
1E+09
1.5E+09
2E+09
2.5E+09
3E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
3 3 6 20 17 12 14 24
$219M
$1.6B
Total $ Invested

Healthcare Analytics > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Healthcare Analytics
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 2.2B 201
Culver City 765M 8
New York City 707M 55
Chicago 430M 25
Santa Monica 344M 13
Boca Raton 329M 7
Denver 306M 25
Salt Lake City 292M 8
Boston 284M 47
Orange 240M 2
Total Funding
148
74
26
26
24
10
3
2
# Rounds
$9.3B
$231M
$214M
$116M
$81M
$23.2M
$17M
$11.6M
US
Europe
Israel
Canada
India
SEA
South Korea
Ghana
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.8
$0.6 $0.7
$0.9 $0.9 $1.1
$1.3
2011 2012 2013 2014 2015 2016 2017
$5.4
$6.7
$4.4
$6.0 $5.6 $6.3 $6.6
$10.1 $7.0
$15.1
$38.6
$15.6
$9.0
$13.5
$6.5 $11.3 $14.8
$37.3 $38.7 $41.1
$49.3
Healthcare Analytics > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Healthcare Analytics; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$4K* $9.8M
$75K $50M
$68.8K $320M
$50K $250M
$17.8M
$10M
$4M
$505K
Series C+
Series B
Series A
Seed
Stage

Note: 218 companies with undisclosed funding amount are not included
30
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
119
184
133
31
16
No. of Companies
Healthcare Analytics > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Healthcare Analytics; as of Nov 2018
Distribution of companies by Funding Range
$35M
$723M
$2.9B
$2B
$4.7B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
51%
24%
12%
6%
31
Note: Numbers in the brackets show the count of companies
Time to raise
next round
77
160
324
691
1358
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
51% 6%
(79)
4%
(54)
0%
(2)
7%
(94)
42%
(571)
47% 11%
(73)
7%
(48)
- 5%
(32)
48%
(335)
49% 16%
(52)
7%
(24)
- 2%
(5)
49%
(159)
48% 29%
(47)
12%
(19)
- 1%
(1)
51%
(82)
- 42%
(32)
14%
(11)
- - 34%
(26)
Healthcare Analytics > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Healthcare Analytics
Funding Funnel
16 Months
18 Months
19 Months
Investment backedBootstrapped
33
8
122
28
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Healthcare Analytics > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Healthcare Analytics; Nov 2016-Nov 2018
Notable Investments in last 24 months (1/9)
LATE STAGE
$240M - Series E Feb 2018
Provides cardiovascular diagnostic support using
analytics.
Wellington Management, Baillie Gifford, Martis
Capital
$231M - PE May 2017
$329M)
learning technology
Warburg Pincus
$115M - PE Mar 2017
Providing population health management to health
systems and provider groups.
Warburg Pincus
LATE STAGE
$110M - Series E Aug 2018
informatics
T. Rowe Price, Revolution, New Enterprise
Associates, Baillie Gifford
$88M - Series H Oct 2018
$492M)
Medical adherence monitoring system
Otsuka
$80M - Series D Mar 2018
informatics
New Enterprise Associates, Revolution, T. Rowe
Price, Kinship Capital
LATE STAGE
$75M - Series E Apr 2018
Platform which allows payers and employers to link
incentives with improvement in health parameters
and provides personalized health recommendations
to consumers
Future Fund, Ziff Davis, ITOCHU, New Enterprise
Associates, Bessemer Venture Partners, Georgian
Partners
$70M - Series C Sep 2017
informatics
New Enterprise Associates, Revolution
$55M - Series E Jul 2018
Provides analytics platform to improve quality and
reduce costs of healthcare organizatons

LATE STAGE
$40M - Series C Feb 2018
Cota Healthcare (2013, New York City, $65M)
A data and technology platform for value-based
precision medicine
IQVIA (formerly Quintiles IMS), EW Healthcare
Partners, Memorial Sloan - Kettering Cancer Center,
Boston Millennia Partners, Horizon Healthcare
Services, Hackensack Meridian Health
$37.6M - PE May 2018
CipherHealth (2009, New York City, $37.6M)
SaaS based tools for patient engagement
JMI Management
$37M - Series C Jul 2018
Cogito Corporation (2007, Boston, $63.6M)
Mood analysis tool to improve health, sales and
service performance
Goldman Sachs Investment Partners, Salesforce,
OpenView
LATE STAGE
$35M - Series C Jun 2017
Glooko (2010, Palo Alto, $71M)
Glucose meter and mobile app for diabetes
management
Georgian Partners, Mayo Clinic, Canaan Partners,
Social Capital, Medtronic, Samsung NEXT, Insulet
$30M - Series D Mar 2018
Provides machine learning based text analysis
Barclays, Square Capital, Goldman Sachs, Nasdaq,
Lemhi Ventures, Partnership for New York City, BNP
Paribas
$30M - Series D Nov 2017
Syapse (2008, Palo Alto, $69.5M)
Molecular profiling platform for diagnosing and
treating patients
Ascension Ventures, GE Ventures, Intermountain
Healthcare, Safeguard Scientifics, Social Capital,
Medidata, Amgen Business Development, Merck
Global Health Innovation Fund, Roche
LATE STAGE
$30M - Series D Sep 2017
Sophia Genetics (2011, Lausanne, $61.8M)
Solutions for storage and analysis of patient genome
sequence information and data.
Balderton Capital, Invoke Capital, 360 Capital
Partners
$30M - Series C Aug 2018
Evidation (2014, Menlo Park, $61.2M)
Uses data analytics to evaluate digital health
technologies
SV Health Investors, B Capital Group, General
Electric, Sanofi Ventures
$30M - Series C Jun 2018
$50M)
Intermountain Healthcare, Richard Socher, Fei Fei
Lee, Khosla Ventures, NVIDIA, OurCrowd, Dolby
Family Ventures, Marc Benioff, Aurum Ventures

LATE STAGE
$24.7M - Series D Sep 2017
Truveris (2009, New York City, $51.7M)
HealthTech Analytics and Validation platform
McKesson Ventures, Canaan Partners, New Leaf
Venture Partners, Tribeca Venture Partners, New
Atlantic Ventures
$20.5M - Series C Nov 2017
Prognos (2010, New York City, $42M)
Analytics company utilizing lab data for improving
care quality
Hermed Capital, Maywic Select Investments, Merck
Global Health Innovation Fund, Safeguard
Scientifics, GuardianLife, Cigna, Hikma Ventures
$14M - Series D Apr 2018
organizations
Venrock, New Leaf Venture Partners, Leerink
Transformation Partners, FPrime Capital Partners,
Fidelity Biosciences, McKesson, Lux Capital,
Providence Ventures, Highland Capital Partners
LATE STAGE
$13.3M - Series E Aug 2018
Platform which allows payers and employers to link
incentives with improvement in health parameters
and provides personalized health recommendations
to consumers
$8M - Series C Mar 2018
Wildflower Health (2012, San Francisco,
$14.8M)
App to identify high risk pregnancies & assistance
Health Enterprise Partners, Hatteras Venture
Partners, ECHO Health
$5M - Series D Jul 2018
Apixio (2009, San Mateo, $49.4M)
Providing solutions for healthcare organization by
optimizing costs and outcomes.
Series D Feb 2017
organizations
Mercy Health
LATE STAGE
Series D Oct 2018
OnShift (2008, Cleveland, $31.4M)
Staff scheduling software for healthcare
Clearlake Capital, Health Velocity Capital, Ziegler
Series C Oct 2018
service performance
Avaya

EARLY STAGE
$57M - Series B Sep 2018
Clarify Health Solutions (2015, San Francisco,
$63M)
Population Health Management platform to stratify
patients based on clinical and non-clinical
characteristics and create care plans
KKR
$45M - Series B May 2018
Investment Fund, Casdin Capital, Greylock Partners,
Venrock, Providence Ventures
$42.6M - Series B Aug 2017
Blue Health Intelligence (2010, Chicago,
$70.6M)
Provides predictive analytics to improve patient care
EARLY STAGE
$36.4M - Series B Apr 2018
Aetion (2012, New York City, $50M)
Provides payer/provider, biopharma and medical
device customers with a platform to allow them to
gain insights into the clinical and financial status of a
population
New Enterprise Associates, Amgen, Flare Capital
Partners, Lakestar, OXEON HOLDINGS
$30M - Series B Mar 2018
Medial EarlySign (2009, Kfar Saba, $50M)
Develops a machine learning based decision support
tool which enables personal and outcome-based
interpretation of medical data.
aMoon, Horizons Ventures
$30M - Series B Jan 2017
Arcadia Healthcare Solutions (2002,
Burlington, $43M)
Analytics platform for improving care quality and
reducing costs.
GE Ventures, Peloton Equity, Zaffre Investments,
Morgan Stanley, Merck Global Health Innovation
Fund
EARLY STAGE
Qventus (2011, Los Altos, $43M)
AI based software to help optimize hospital
operations
Bessemer Venture Partners, NewYork-Presbyterian,
Mayfield, Norwest Venture Partners
$30M - Series B Nov 2017
Arterys (2012, San Francisco, $42M)
SaaS analytics platform for Medical Image Analysis
Temasek, Northwell, NewYork-Presbyterian, GE
Ventures, Varian Medical Systems, DNA Capital,
Emergent Medical Partners, ORI Capital
LeanTaaS (2010, Santa Clara, $39.4M)
Tools for resource utilization and patient time
optimization
Insight Venture Partners
Analytics4Life (2011, Toronto, $49.4M)
Technology for non-invasive cardiac monitoring and
to assess specific disease

EARLY STAGE
Innovaccer (2012, Noida, $43.4M)
Provide a platform which uses big data analytics on
the data collected from multiple sources to provide
clinicians with insights
WestBridge Capital Partners, Lightspeed Venture
Partners
$25M - Series B Oct 2018
Carrot Health (2014, Minneapolis, $25M)
Cloud-based healthcare business & marketing
intelligence solutions
Khosla Ventures, R7 Partners, JNJ Innovation, Marc
Benioff
$22.7M - Series B Dec 2017
Artemis Health (2013, New York City, $32.7M)
Population health analytics for employers
FPrime Capital Partners, Maverick Ventures,
Kickstart Seed Fund
EARLY STAGE
OM1 (2015, Cambridge, $36M)
Platform that enables providers to manage CMS CJR
bundle for value based care
Polaris Partners, General Catalyst Partners, 7wire
Ventures
Oncology Analytics (2009, Plantation, $28.5M)
Web-based Oncology clinical decision support
system
Oak HC/FT, McKesson Ventures, BlueCross
BlueShield Venture Partners, Sandbox Industries
$21M - Series A Jul 2018
Viz AI (2016, San Francisco, $31M)
Diagnosis support for stroke analysis
Kleiner Perkins, GV
$20M - Series B Jun 2018
Caresyntax (2015, Berlin, $31.9M)
Analytics & integration platform to improve surgical
outcomes
Norgine Ventures, Surgical
EARLY STAGE
$20M - Series B Jan 2018
Springbuk (2014, Indianapolis, $23.9M)
Providing analytics for a better ROI in population
health.
Health Quest Capital, Echo Health Ventures, Cambia
Health Solutions, Mosaic Health Solutions, Lewis &
Clark Ventures, Elevate Ventures
$19M - Series B Jun 2018
SigTuple (2015, Bangalore, $25.5M)
AI based healthcare diagnostic solution
Accel Partners, IDG Ventures India, Endiya Partners,
Pi Ventures, Axilor Ventures, Binny Bansal, Bruno E
Raschle, Trifecta Capital
$18.2M - Series B Jul 2018
$68.2M)
Brookside Mezzanine Partners

EARLY STAGE
$15.4M - Series B Aug 2018
Technology for non-invasive cardiac monitoring and
to assess specific disease
service performance
OpenView, Romulus Capital, Salesforce
$15M - Series B Jul 2017
Wellframe (2011, Boston, $25.1M)
Mobile and AI based platform offering support to
providers for better patient engagement
FPrime Capital Partners, DFJ
Lunit (2013, Seoul, $17M)
Provides medical diagnosis support using machine
learning and algorithms
SoftBank Ventures Korea, Mirae Asset, Kakao
Ventures, KT, Intervest, Legend Capital, Formation 8
EARLY STAGE
$15M - Series A Oct 2017
Voxelcloud (2015, Los Angeles, $28.5M)
Automated medical image analysis solutions
Tencent, Sequoia Capital, NewMargin Ventures
$11.9M - Series A Sep 2017
Caresyntax (2015, Berlin, $31.9M)
Analytics & integration platform to improve surgical
outcomes
Norgine Ventures
$11.2M - Series A Mar 2017
Aetion (2012, New York City, $50M)
Provides payer/provider, biopharma and medical
device customers with a platform to allow them to
gain insights into the clinical and financial status of a
population
Flare Capital Partners, Lakestar
EARLY STAGE
Lumiata (2013, San Mateo, $34M)
Helping providers deliver optimized care using
medical science-based graph analytics
Khosla Ventures, BlueCross BlueShield Venture
Partners, Sandbox Industries, Intel Capital
$10M - Series B Apr 2017
Evidation (2014, Menlo Park, $61.2M)
Uses data analytics to evaluate digital health
technologies
GE Ventures, B Capital Group, Sanofi Ventures
$10M - Series B Apr 2017
HealthVerity (2014, Philadelphia, $17.1M)
Patient Engagement solutions with location based
analyics
Flare Capital Partners, Greycroft Partners, Foresite
Capital

EARLY STAGE
$8.4M - Series B May 2017
Healthloop (2009, Mountain View, $23.8M)
Cloud based analytics platform for patient
engagement and care coordination during patient
recovery
Summation Health Ventures, Canvas Ventures,
Lafayette General, NextEquity, iCarbonX
$8.3M - Series A May 2017
Maverick Ventures
PhysIQ (2005, Naperville, $19.9M)
PhysIQ is a personalized physiology data analytics
platform.
Quark Venture, LionBird, GF Securities, 4490
Ventures
EARLY STAGE
$8M - Series B Feb 2017
Sense.ly (2013, San Francisco, $11.5M)
Platform with a virtual nurse for health care
monitoring and management
Chengwei Capital, Mayo Clinic, Fenox Venture
Capital, BioVeda Capital, StartX
$8M - Series A May 2017
Sequoia Capital
$6.5M - Series A Jun 2017
Innovu (2014, Pittsburgh, $21.4M)
Innovu helps employers make informed decisions
regarding their benefits plans
$6M - Series A Jul 2017
Somatix (2015, New York City, $7.5M)
Motion detection, analysis and management
platform for preventative and rehabilitative
healthcare
Digitalis Ventures
EARLY STAGE
$5.8M - Series A Feb 2017
Accel Partners, IDG Ventures India, Endiya Partners,
Pi Ventures, Axilor Ventures, Binny Bansal, Sachin
Bansal, Venture Highway, Neeraj Arora, Amit
Singhal, Kris Gopalakrishnan
$5M - Series A Sep 2017
Cogitativo (2014, Berkeley, $12M)
Data Science-as-a-Service platform fro HCOs
$5M - Series A Apr 2018
burstIQ (2015, Denver, $5.3M)
Cloud-based data aggregation platform for
healthcare providers
Millennium Blockchain
$4.1M - Series B Jan 2017
service performance

EARLY STAGE
$4M - Series A May 2017
NarrativeDx (2014, Austin, $6.9M)
Provides actionable insights from patient narratives
Lumiata (2013, San Mateo, $34M)
Helping providers deliver optimized care using
medical science-based graph analytics
$2.8M - Series A Jan 2018
$2.2M - Series A Apr 2018
Jvion (2011, Suwanee, $11.1M)
Deep Learning for Predicting illness
$2M - Series A Jan 2018
$1.4M - Series A Jun 2018
EARLY STAGE
$1.1M - Series A Apr 2018
$1M - Series B Dec 2017
MD Insider (2012, Santa Monica, $25.3M)
Physician performance scores
$750k - Series A Sep 2018
$750k - Series A May 2018
$575k - Series B Nov 2017
WiserTogether (2008, Washington D.C., $19.3M)
Personalized treatment comparison and selection
platform for patients through healthcare
organizations or employer.
EARLY STAGE
$500k - Series B Dec 2016
WiserTogether (2008, Washington D.C., $19.3M)
Personalized treatment comparison and selection
platform for patients through healthcare
organizations or employer.
$250k - Series A Jun 2017
$167k - Series A Aug 2017
health.
Series B Mar 2017
$68.2M)
Brookside Mezzanine Partners

EARLY STAGE
Series A Jun 2017
Eight Roads Ventures
Series A Nov 2017
Startupbootcamp
Series A May 2017
LiveOak Venture Partners, Cultivation Capital,
HealthX Ventures
Series A May 2017
InsightRx (2015, San Francisco)
Analytics platform for precision dosing
GreatPoint Ventures
SEED STAGE
$9.8M - Seed Sep 2018
Holmusk (2014, Singapore, $12.8M)
Predictive analytics & recommendation using
personal health records
$8.5M - Seed Jun 2017
Xealth (2017, Seattle, $8.5M)
Digital care platform to prescribe, monitor and
analyze care solutions
DFJ, Hennepin Health, UPMC, Froedtert Health,
Providence Ventures
$1.6M - Seed Nov 2016
Noona (2014, Helsinki, $1.6M)
Provides symptom reporting and patient monitoring
bringing software for cancer care through mobile
devices
Inventure, Noaber Services, Capricorn Venture
Partners
Seed Feb 2017
Moving Analytics (2013, Marina Del Rey, $1.2M)
Home based cardiac rehab through mobile app
OCA Ventures

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$151M - Series D Jul 2018
LinkDoc (2014, Beijing, $151M)
Oncology-focused big data company
China Investment Corporation
$47.3M - Series C Mar 2018
Infervision (2016, Beijing, $74.1M)
Diagnosis through medical imaging using deep
learning techniques
Sequoia China, Qiming Venture Partners, Xiang He
Capital, Advantech Capital, Yuan Sheng Capital
EARLY STAGE
$40M - Series B Oct 2017
Prenetics (2009, Hong Kong, $52.6M)
Pharmacogenomics for drug dosage and adverse
drug effects
BEYOND VENTURES, Alibaba Entrepreneurs Fund,
Ping An Ventures, Venturra Capital, REAPRA
Ventures
$30.2M - Series B Dec 2017
12Sigma (2016, Nanjing, $31.7M)
AI based medical diagnosis system tools
SB China Capital, CDBI Partners, German Capital,
ZhenFund, Matrix Partners China
$23.9M - Series B Apr 2018
DeepWise (2017, Beijing, $46.4M)
AI-based radiology image solution primarily for
cancer diagnosis
Legend Capital, Legend Star, Danhua Capital,
Kunzhong Capital, Tongdu Capital, Tao Tong
investment

Most Active Investors (VC, PE) by Stage in Healthcare Analytics; Last 5 years (Nov 2013-Nov 2018)
Most Active VC & PE Investors
42
Healthcare Analytics > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Jumpstart Foundry (5 Investments)
Luna Lights, PatientsVoices, Cliexa
1
Data Collective(3 Investments)
Metabiota, Enlitic, BrainSpec
2
BioAdvance(2 Investments)
Bainbridge Health, Oncora Medical
3
Venrock (2 Investments)
Lyra Health, Suki
4
AME Cloud Ventures(2 Investments)
Viz AI, CloudMedx
5
Parkwalk(2 Investments)
Brainomix, Healthera
6
Elevate Ventures(2 Investments)
Healthiest Employers, Solstice Medical
7
Center for Innovative Technology (2
Investments)
TypeZero Technologies, eKare
8
Unitus Ventures(2 Investments)
I3Systems, Predible Health
9
RoundGlass (2 Investments)
Zoojoo.BE, Obeo Health
10
EARLY STAGE
BlueCross BlueShield Venture
Partners (4 Investments)
Lumiata, Oncology Analytics, Axial Healthcare
1
Flare Capital Partners (4 Investments)
Aetion, Valence Health, HealthVerity
2
Merck Global Health Innovation Fund
(4 Investments)
WellDoc, Arcadia Healthcare Solutions, medCPU
3
Sandbox Industries(3 Investments)
Lumiata, Oncology Analytics, Axial Healthcare
4
Khosla Ventures(3 Investments)
Zebra Medical Vision, Carrot Health, Bay Labs
5
FPrime Capital Partners(3 Investments)
Wellframe, Artemis Health, Notable
6
Lightspeed Venture Partners (3
Investments)
Evariant, Innovaccer, Acupera
7
Formation 8 (3 Investments)
Wellframe, Lunit, Roam
8
Providence Ventures(3 Investments)
Lyra Health, Binary Fountain, N-of-One
9
Heritage Group (3 Investments)
Valence Health, Aver, Lumere
10
LATE STAGE
HLM Venture Partners (2 Investments)
Welltok, OnShift
1
Bain Capital Ventures(2 Investments)
MedHOK, Apixio
2
Georgian Partners (2 Investments)
Welltok, Glooko
3
Qualcomm Ventures (2 Investments)
Welltok, Predilytics
4
McKesson Ventures(2 Investments)
Evariant, Truveris
5
Warburg Pincus (2 Investments)
Modernizing Medicine, Alignment Healthcare
6
General Atlantic (2 Investments)
Alignment Healthcare, CitiusTech
7
First Analysis(2 Investments)
Apixio, VisiQuate
8
Sands Capital Ventures(2 Investments)
Health Catalyst, Modernizing Medicine
9
New Enterprise Associates
Tempus
10

Healthcare Analytics > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Healthcare Analytics; Last 5 years (Nov 2013-Nov 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Y Combinator(12 Investments)
Qventus, CloudMedx, CareSkore
1
Dreamit(6 Investments)
MedAware, Tissue Analytics, Somatix
2
Ben Franklin Technology Partners(6
Investments)
Health Market Science, Oncora Medical, Life.io
3
Entrepreneur First(6 Investments)
Transformative, AccuRx, Kheiron medical
4
Frost Data Capital(5 Investments)
Sentrian, Mindshare Medical, Pinscriptive
5
Techstars(4 Investments)
Lumeon, NarrativeDx, Deep 6 AI
6
Blueprint Health(4 Investments)
Mediquire, Moving Analytics, Signifikance
7
Startupbootcamp(4 Investments)
NarrativeDx, Boundlss, Rx&You
8
Launchpad Digital Health(4 Investments)
Sense.ly, Moving Analytics, Agathos
9
Rock Health(3 Investments)
Evidation, Ambient Clinical, Podimetrics
10
OTHER NOTABLE INVESTORS
StartUp Health(15 Investments)
Prognos, Aver, RxREVU
1
GE Ventures(10 Investments)
HeartFlow, Evidation, Syapse
2
Healthbox(7 Investments)
The Right Place, Luna Lights, Operating Analytics
3
HealthX Ventures(6 Investments)
Aver, HealthMyne, Forward Health Group
4
Mayo Clinic(5 Investments)
Glooko, Sense.ly, Ambient Clinical
5
StartX(5 Investments)
Arterys, Roam, Sense.ly
6
NueCura Partners(4 Investments)
Bivarus, RxREVU, EvidenceCare
7
UPMC(4 Investments)
Health Catalyst, medCPU, Health Fidelity
8
Goldman Sachs(3 Investments)
Digital Reasoning, Evariant, iHealth Technologies
9
BDC(3 Investments)
PHEMI Health Systems, Imagia Cybernetics, MedCurrent
10
DEBT INVESTORS
Western Technology Investment(7
Investments)
Cogito Corporation, ArborMetrix, Confirma
1
Silicon Valley Bank(5 Investments)
Proteus Digital Health, Modernizing Medicine, Welltok
2
Harbert Management(3 Investments)
Wellcentive, WiserTogether, Healthcare Interactive
3
Connecticut Innovations(2 Investments)
DiA Imaging Analysis, Diameter Health
4
The Carlyle Group
MultiPlan
5
Trifecta Capital
SigTuple
6
Idinvest Partners
CardioLogs
7
Ardian
MultiPlan
8
KKR
Clarify Health Solutions
9
Blackstone
NantHealth
10

Healthcare Analytics > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/6)

Healthcare Analytics > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
51
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Life Sciences Software
Oct 2018
Consumer HealthTech
Sep 2018
Healthcare IT
Aug 2018

FACTSHEET
Marketmap: Healthcare Analytics
For any Feedback and Query reach out to MyAnalyst@tracxn.com
53
Healthcare Analytics > Market Details > BlueBox

Key Sub Sectors
54
Key Sub Sectors in Healthcare Analytics
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Clinical Analytics
Companies that provide solutions using data mining or new techniques like AI, NLP, ML to
provide cli....
Imaging Advantage (2007, Santa Monica,
Acquired)
426 227 $2.8B
Suite Solutions
Companies that offer a suite of analytical solutions which help hospitals transition from fee-
for-se....
NantHealth (2007, Culver City, Public)
Health Catalyst (2008, Salt Lake City,
$292M)
54 35 $2.3B
Companies which provide analytical solutions that support administrative and operational
decision making
ImpactRx (2000, Mount Laurel, Acquired)
369 147 $1.4B
Health Engagement
Companies which provide analytics solutions to try and engage patients more in the care
continuum
MedHOK (2009, Tampa, Acquired)
Proteus Digital Health (2001, Redwood
City, $492M)
181 111 $1.2B
Companies that offer patient data aggregation & analysis solutions across multiple Health IT
resourc....
Humedica (2008, Boston, Acquired)
157 92 $1.1B
EHR Platforms
Companies that provide EHRs integrated with analytics or using AI, ML to improve clinical
charting a....
Flatiron Health (2012, New York City,
Acquired)
$329M)
49 15 $902M
Financial Analytics
Companies which offer solutions aimed at streamlining and improving the financial process
catering e....
Health Market Science (1999, King Of
Prussia, Acquired)
Remedy Partners (2011, Fairfield, $96.2M)
122 64 $744M
Healthcare Analytics > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/8)
55
Healthcare Analytics > Market Details > Detailed Sector Taxonomy

56

57

58

59

60

61

62

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+2)
Population Health Management > Employee Health
Companies that provide solutions which aggregate clinical employee data to identify and stratify high-
risk patients among them and also provide platforms to improve their well…
(Companies covered 31 | Funded 16 | Total Funding $481M)
$201M
(+$6.6M)
16
(+3)
Welltok
(2009, Denver, $276M)
2
(+4)
Clinical Analytics > Diagnosis > Image Analysis > Disease-agnostic > AI
Companies that provide solutions which use ML or AI to help clinicians analyze X-Ray's, MRI, CT scans
and help them to come up with differential diagnosis
$148M
(+$104M)
16
(+2)
Zebra Medical Vision
(2014, Ramat Hasharon, $50M)
3
(+4)
EHR Platforms
Companies that provide EHRs integrated with analytics or using AI, ML to improve clinical charting and
provide physicians with a decision support tool
$281M
(+$47.7M)
9
(+3)
4
(+6)
Clinical Analytics > Care Planning > Treatment > Precision Health > Oncology
Companies which provide solutions which offer evidence-based decisions support tool for molecular
oncology
$296M
(+$263M)
7
(-)
Tempus
(2015, Chicago, $320M)
5
(-3)
Population Health Management > Patient Health
Companies that provide solutions which aggregate clinical and financial patient data to identify and
stratify high-risk patients and also provide intervention plans
$147M
(+$46.6M)
14
(-15)
Clarify Health Solutions
(2015, San Francisco, $63M)
6
(-5)
Operational Analytics > Business Intelligence
Companies which provide solutions that convert big data from multiple data sources into intelligence
to provide actionable insights
$138M
(+$27.3M)
11
(-9)
Blue Health Intelligence
(2010, Chicago, $70.6M)
7
(+4)
Health Engagement > Patient Engagement > Medication Adherence
Companies which provide solutions that help patients to adhere to their medication intake using
analytics
$100M
(+$38.1M)
6
(+2)
Proteus Digital Health
63
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Healthcare Analytics in last 2 years (November 2016 - October 2018)
Healthcare Analytics > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Suite Solutions > Value Based Care
Companies which provide a combination of solutions to help health organizations and workers offer value-
based care aimed at patient well-being
(Companies created 23 | Funded 16 | Total Funding $658M )
1 Aetion (2012, New York City, $50M)
2
Companies which provide analytical solutions that support administrative and operational decision making
1 Qventus (2011, Los Altos, $43M)
3
Operational Analytics > Business Intelligence
Companies which provide solutions that convert big data from multiple data sources into intelligence to
provide actionable insights
1 Innovaccer (2012, Noida, $43.4M)
4
Operational Analytics > Marketing > Consumer Engagement
Offers an end-to-end marketing platform for healthcare providers to acquire, engage and retain patients
1 Carrot Health (2014, Minneapolis, $25M)
5
Financial Analytics > Episode-Based Payments
Companies providing solutions which enable healthcare providers in developing and operating patient-
centric episodic payment programs
1 OM1 (2015, Cambridge, $36M)
6
Clinical Analytics > Diagnosis > Image Analysis > Oncology > AI
Companies that provide solutions using AI or ML which help oncology clinicians analyze X-Ray's, MRI, CT
scans and help them to diagnose cancer
1 PathAI (2016, Cambridge, $14.9M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
66
Top Markets of Early Stage Investors (1/2)
Top Markets where Early Stage Investors are investing in last 2 years (November 2016 - October 2018)
Healthcare Analytics > Market Details > Top Markets of Early Stage Investors

Top Markets of Early Stage Investors (2/2)
Healthcare Analytics > Market Details > Top Markets of Early Stage Investors

Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Clinical Analytics > Diagnosis > Image Analysis > Oncology > AI
Companies that provide solutions using AI or ML which help oncology clinicians
analyze X-Ray's, MRI, CT scans and help them to diagnose cancer
11 $44.9M
(+$44.9M)
4
(+4)
Medial EarlySign
(2009, Kfar Saba, $50M)
2
Clinical Analytics > Diagnosis > Diagnostics > AI
Companies that offer solutions which combine a diagnostic device, with a software
platform that uses AI to help clinicians diagnose patients
9 $32.8M
(+$32.8M)
3
(+3)
Sophia Genetics
(2011, Lausanne, $61.8M)
68
Other Notable Markets with high Entrepreneurial Activity in Healthcare Analytics in last 2 years (November 2016 - October 2018)
Healthcare Analytics > Market Details > Other Notable Markets

Incubators Blueprint Health (#1), Rev1 Ventures (#1)
Seed Healthbox (#1), Venrock (#1)
Series A/B Elevate Ventures (#1), New Enterprise Associates (#1)
Series C+ Flare Capital Partners (#1), HLM Venture Partners (#1)
4 Health Jan - 2018
Acq by New Directions Behavioral
Health
$750k - Series A
$13.3M - Series E
$1.4M - Series A
$2.3M - Series A
Healthcare Interactive (2006,
Glenwood, $13.7M)
$750k - Series A
$45M - Series B
Lyra Health (2015, Burlingame,
$83.1M)
$75M - Series E
$2.8M - Series A
$20M - Series B
Springbuk (2014, Indianapolis,
$23.9M)
$2M - Series A
Oct 2018
Innovu, Inc. Announces Appointment of Hugh O'Toole to CEO
and Chief Commercial Officer, PR Newswire
Sep 2018
Welltok acquires Wellpass (formerly Voxiva) to build out
Medicaid, government business, MobiHealthNews
Aug 2018
Welltok Launches DataWise to Address ever-increasing need
for Big data and Predictive Analytics in Healthcare,
Technology-Signals
Jun 2018
Colorado Access Taps Welltok to Improve Medicaid Member
Communication, HIT Consultant
May 2018
Welltok selected by Hygieia Wellness for strategic
partnership, InnovatioNews
May 2018
BRIEF-Lyra Health Secures $45 Mln In Series B Financing To
Deliver Effective Mental Health Care To Employees, Reuters
Apr 2018 Health tech startup raises $75M, BusinessDen
Dec 2017
Tea Leaves Health CEO discusses being acquired by Welltok
and his predictions for 2018, MedCity News
Oct 2017
Healthcare Technology Startup WellTok Raises $73 Million -
NewsCenter.io, NewsCenter
Sep 2017
Edukate and DHS Group Take Innovative Step in the
Wellness Space with Integration Partnership, Marketwired
Aug 2017
Artemis Health Secures $16 Million Series B Round to Equip
Employers with Actionable Employment Benefits Data, VCA
Online
May 2017 Artemis Health Raises $8.3m in Series A Funding, FinSMEs
Oct 2016 TrendShift Acquires Health Data Intelligence, VentureBeat
May 2016
Xconomy: Health Analytics Startup Springbuk Lands $3.75M
Venture Round, Xconomy
News
3
2
9
16
31
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Population Health Management > Employee Health: Market Factsheet
69
Exits
Recent InvestmentsCompanies that provide solutions
which aggregate clinical employee
data to identify and stratify high-
risk patients among them and also
provide platforms to improve
their well-being
Welltok
(2009, Denver, $276M)
Lyra Health
(2015, Burlingame, $83.1M)
Artemis Health
(2013, New York City, $32.7M)
Springbuk
(2014, Indianapolis, $23.9M)
Innovu
(2014, Pittsburgh, $21.4M)
Top Companies
#1 Top Markets of Investment Activity
Healthcare Analytics > Market Details > Market: Employee Health
Companies Created 31 | Funded 16 | Total Funding $481M
0
5
10
15
$0k
$200M
$400M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Employee Health

Population Health Management > Employee Health: Top Companies
Analyst’s Pick
Platform which allows payers and employers to
link incentives with improvement in health
parameters and provides personalized health
recommendations to consumers
Future Fund, Ziff Davis, ITOCHU and 21 Other
Investors
Investment Fund and 7 Other Investors
Minicorn. Stage: Series B
FPrime Capital Partners, Maverick Ventures,
Kickstart Seed Fund and 6 Other Investors
Analyst’s Pick
health.
Health Quest Capital, Echo Health Ventures, Cambia
Health Solutions and 4 Other Investors
Minicorn. Stage: Series A
Healthcare Interactive (2006, Glenwood,
$13.7M)
Provides population health management solution
Editor's Pick. Stage: Series A
Grotech Ventures, Harbert Management, Maryland
Venture Fund, Revolution
WellRight (2013, Chicago, $4.6M)
Population health management solutions for
employers
KDWC Ventures, BW Capital Partners
Analyst’s Pick
Fedo (2015, Bangalore)
AI to predict risks for lifestyle diseases
Editor's Pick. Stage: Unfunded

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
71
Population Health Management > Employee Health: Leaderboard
Better than Market Average
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Lyra Health 2015 Burlingame Series B $83.1M 4 - - - - 753 - - 3 - - 116 18%
4.9 Springbuk 2014
Indianapoli
s
Series B $23.9M 3 - - - - 727 - - 3 - - 134 23%
4.8 Welltok 2009 Denver Series E $276M 15 - - 2 5 2.7k - - 28 - - 95 4%
4.7
Artemis
Health
2013
New York
City
Series B $32.7M 6 - - - - 226 - - 4 - - 31 16%
3.7
Healthcare
Interactive
2006 Glenwood Series A $13.7M 4 - 4 - - - 4k 13 2 - - - -
3.6 Innovu 2014 Pittsburgh Series A $21.4M 10 - - - - - - - 2 - - - -
3.5 Healthentic 2008 Seattle Series A $20M 1 - - - - 584 - - 1 - - -6 -1%
3.3
Soma
Analytics
2011 London Seed - 3 - - - - 846 - - - - - 46 6%
3.1 WellRight 2013 Chicago Series A $4.6M 2 - 3 - - 513 8k 25 2 11 79% -531 -51%
2.9 4 Health 2011 Irving Acquired $3.5M 1 - - - - - - - 1 - - - -
2.5
Healthiest
Employers
2009 Fishers Seed $1.8M 3 - - - - - - - - - - - -
2.5
Dynamic
Health
Strategies
1997 Houston Unfunded - - - 3 - - 838 33k 148 3 1 1% 35 4%
2.4
Health Data
Intelligence
2014 Arlington Acquired $150k 1 - - - - 227 - - 1 - - -2 -1%

Incubators Axilor Ventures (#1), Magma Venture Partners (#1)
Seed Exigent Capital Group (#2), Genesis Capital Advisors (#2)
Series A/B Sequoia Capital (#1), Khosla Ventures (#1)
Series C+ OurCrowd (#1), IP Group (#1)
Behold.ai Mar - 2018
Acq by Simon Rasalingham
Intelligent Ultrasound Oct - 2017
Acq by Medaphor for $4.7M
EXINI Diagnostics Oct - 2015
Acq by Progenics for $7M
$15.4M - Series B
Analytics4Life (2011, Toronto,
$49.4M)
$1.4M - Seed
MaxQ-AI (2013, Andover, $3.4M)
$15M - Series B
$19M - Series B
$117k - Seed
Oxipit (2017, Vilnius, $117k)
$30M - Series C
Zebra Medical Vision (2014, Ramat
Hasharon, $50M)
$250k - Seed
Galileo CDS (2013, Austin, $250k)
Seed
Predible Health (2015, Bangalore)
$15M - Series A
Voxelcloud (2015, Los Angeles,
$28.5M)
Nov 2018 Lunit prepares to enlist on KOSDAQ by 2020, Korea Biomed
Oct 2018
SigTuple in talks to raise up to $50 million in fresh funds,
Livemint
Sep 2018
Sigtuple from India shines at Google’s first Demo Day Asia,
Gadgets Now
Sep 2018
Qure.ai's qXR Algorithm can ID Abnormal Chest X-rays With
Unprecedented Accuracy, BioSpace
Sep 2018
AI-based Pulmonary Nodule Management, Imaging Technology
News
Aug 2018
3 Indian AI startups among top 50 in Hammerkopf Asia list,
Indiatimes
Aug 2018 AI start-up SigTuple eyes USFDA tag, Business Line
Aug 2018
What Sigtuple stated after profitable high innovator award at
ET Startup Awards 2018, Know-how Information, ETtech,
Newpaper24
Aug 2018
AI-based CT imaging company MaxQ, formerly known as
MedyMatch, lists $8M IPO, FierceBiotech
Jul 2018
Zebra Medical Vision Announces FDA 510(k) Clearance of Its
Coronary Calcium Algorithm, Business Wire
Jul 2018 In AI, radiology finds a new ally, The Hindu
Jul 2018 Healthcare startup SigTuple raises $19 million, MediaNama
Jun 2018 LitBAN makes first investment in Oxipit, Angel News
Jun 2018
In the money June 4: Nearly $9 million raised by tech,
beverage companies, The Business Journals
May 2018
SigTuple Tests AI Microscope to Address Pathologist
Shortage, CBROnline
News
4
2
8
24
36
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Clinical Analytics > Diagnosis > Image Analysis > Disease-agnostic > AI: Market Factsheet
72
Exits
Recent InvestmentsCompanies that provide solutions
which use ML or AI to help
clinicians analyze X-Ray's, MRI, CT
scans and help them to come up
with differential diagnosis
Zebra Medical Vision
(2014, Ramat Hasharon, $50M)
Analytics4Life
(2011, Toronto, $49.4M)
Voxelcloud
(2015, Los Angeles, $28.5M)
SigTuple
(2015, Bangalore, $25.5M)
Lunit
(2013, Seoul, $17M)
Top Companies
Healthcare Analytics > Market Details > Market: AI
0
5
10
$0k
$100M
$200M
2014 2015 2016 2017 2018
Market: AI

Clinical Analytics > Diagnosis > Image Analysis > Disease-agnostic > AI: Top Companies
Market: AI
Analyst’s Pick
$50M)
Intermountain Healthcare and 12 Other Investors
Technology for non-invasive cardiac monitoring
and to assess specific disease
Tencent, Sequoia Capital, NewMargin Ventures
Trifecta Capital, Accel Partners, IDG Ventures India
Analyst’s Pick
Provides medical diagnosis support using machine
learning and algorithms
SoftBank Ventures Korea, Mirae Asset, Kakao
AIdoc (2015, Tel Aviv, $10.5M)
AI-based single screen system to streamline
medical imaging
Editor's Pick. Stage: Series B
TLV Partners, Magma Venture Partners, Israel
Brain Technologies, Emerge Innovation Capital
MedyMatch (2013, Tel Aviv, $2M)
Clinical Decision Support System using Artificial
Intelligence
Minicorn. Stage: Seed
Genesis Capital Advisors, Exigent Capital Group
Galileo CDS (2013, Austin, $250k)
ML-based clinical decision support tool in radiology
Editor's Pick. Stage: Seed

74
Clinical Analytics > Diagnosis > Image Analysis > Disease-agnostic > AI: Leaderboard
Market: AI
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0
Zebra
Medical
Vision
2014
Ramat
Hasharon
Series C $50M 3 - - - - 1.1k - - 22 - - 182 21%
4.9 SigTuple 2015 Bangalore Series B $25.5M 4 5 - - - 443 - - 15 - - 197 80%
4.6
Analytics4Lif
e
2011 Toronto Series B $49.4M 4 - - - - 515 - - 3 - - 20 4%
3.9 Voxelcloud 2015 Los Angeles Series A $28.5M 3 3 - - 4 43 - - 4 - - 11 34%
3.6 Qure.ai 2016 Mumbai Funded - - 5 - - - 937 - - 11 - - 297 46%
3.5 AIdoc 2015 Tel Aviv Series B $10.5M 3 - - - - - - - 8 - - - -
3.4
Predible
Health
2015 Bangalore Seed - 1 - - - - 159 - - 1 - - 15 10%
3.3 vRad 2001
Eden
Prairie
Acquired - 1 - - - - 6.4k - - - - - 97 2%
3.2 Lunit 2013 Seoul Series B $17M 2 - - - - - - - 3 - - - -
3.1 MedyMatch 2013 Tel Aviv Seed $2M 2 - - - - - - - 8 - - - -
3.0 MaxQ-AI 2013 Andover Seed $3.4M 3 4 - - 3 134 - - 2 - - - -
2.9 Aidence 2015 Amsterdam Seed $2.5M 1 - - - 4 - - - 4 - - - -
2.8 RADLogics 2010 Tel Aviv Funded $5M - - - - - 148 - - - - - 41 38%
2.5
Intelligent
Ultrasound
2012 Milton Acquired $1.9M 1 - - - - - - - 1 - - - -

Incubators Innovacorp (#1)
Seed Venrock (#1), Lightspeed Venture Partners (#1)
Series A/B Social Capital (#2), First Round Capital (#2)
Series C+ Goldman Sachs (#1), Summit Partners (#1)
Flatiron Health Feb - 2018
Acq by Roche for $1.9B
SigmaCare Jun - 2017
Acq by MatrixCare
IPO'd
$13.5M - Series A
Notable (2017, San Mateo, $16.5M)
$176k - Seed
Grr-ithm (2015, Van Nuys, $176k)
$3M - Seed
$15M - Series A
Suki (2017, San Francisco, $20M)
$3M - Seed
Canvas Medical (2015, San Francisco,
$3M)
$5M - Seed
$231M - PE
Modernizing Medicine (2010, Boca
Raton, $329M)
Series A
Data Refinery (2017, Tokyo)
Seed
Wounds A.I. (2016, Philadelphia)
Oct 2018
Modernizing Medicine’s EMA™ EHR Earns ONC Health IT
Certification from Drummond Group LLC, Business Wire
Oct 2018
Suki AI-based voice assistant tops 1K patient encounters a
week, Healthcare Dive
Aug 2018
Software Advice Ranks Praxis #1 in EHR Usability, PR
Newswire
Jul 2018
Inside Flatiron Health's swanky, new NYC headquarters,
where the cold brew coffee flows and the conference rooms
give off a serious living room vibe, Business Insider
Jul 2018
Cloudera and MetiStream Empower Healthcare
Organizations to Accelerate Genomic Medicine and Improve
Patient Outcomes with Machine Learning, ReadITQuik
May 2018
Notable rakes in $3 mln in Greylock Partners-led round, PE
Hub
May 2018
Notable launches a service to automatically record and
digitize data from doctor visits, TechCrunch
May 2018
BRIEF-Bristol-Myers Squibb And Flatiron Health Expand
Collaboration With A Three-Year Agreement, Reuters
May 2018
Suki raises $20M to create a voice assistant for doctors –
TechCrunch, Technology Thrill
Apr 2018
Roche. (4/6/18). "Press Release: Roche Completes
Acquisition of Flatiron Health". Basel, Life-Sciences-Germany
Mar 2018
Canvas Medical reveals tech platform geared toward primary
care practices, MedCity News
Mar 2018
Veterans Health Administration Awards Anesthesia Record
Keeping Contract to Picis Clinical Solutions, Inc., PRWeb
News
4
4
10
15
49
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
EHR Platforms: Market Factsheet
75
ExitsMost Active Investors
Recent InvestmentsCompanies that provide EHRs
integrated with analytics or using
AI, ML to improve clinical charting
and provide physicians with a
decision support tool
Flatiron Health
(2012, New York City, $314M)
(1994, Wakefield, $189M)
Suki
(2017, San Francisco, $20M)
Top Companies
Healthcare Analytics > Market Details > Market: EHR Platforms
0
2
4
6
$0k
$100M
$200M
$300M
2014 2015 2016 2017 2018
Market: EHR Platforms

EHR Platforms: Top Companies
Analyst’s Pick
$329M)
learning technology
Warburg Pincus, Pentland, Sands Capital Ventures
Flatiron Health (2012, New York City, $314M)
Cloud-based oncology platform offering analytics,
billing and EHR
Roche, Baillie Gifford, Casdin Capital and 16 Other
Investors
Develops a speech-NLP transcription solution for
doctors
Venrock, First Round Capital, Social Capital and 2
Other Investors
Analyst’s Pick
Wearable device for capturing patient-doctor
interaction
FPrime Capital Partners, Oak HC/FT, Greylock

77
EHR Platforms: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0
Flatiron
Health
2012
New York
City
Acquired $314M 4 - - - - 6.7k - - 16 - - 777 13%
3.6 Suki 2017
San
Francisco
Series A $20M 2 - - - 3 883 - - 3 - - - -
3.5
Picis Clinical
Solutions
1994 Wakefield Acquired $189M 4 - - - - 116 - - 1 - - 5 5%
3.5
Modernizing
Medicine
2010 Boca Raton Series E $329M 9 - 4 - - 153 6k 25 19 4 19% -4 -3%
3.4 Notable 2017 San Mateo Series A $16.5M 2 - - - 4 - - - 4 - - - -
3.4
Medusa
Medical
1996 Halifax Series A $3.5M 2 - - - - 592 - - - - - 24 4%
3.1
Canvas
Medical
2015
San
Francisco
Seed $3M 1 - - - - 25 - - 2 - - 1 4%
2.7 SigmaCare 2005
New York
City
Acquired - 1 - - - - 303 - - 1 - - 2 1%
2.5
RazorInsight
s
2010 Atlanta Acquired $11.4M 2 - - - - - - - 1 - - - -
2.5 Wounds A.I. 2016
Philadelphi
a
Seed - 1 - - - 4 43 - - - - - 2 5%
2.2 MetiStream 2014
Washingto
n D.C.
Unfunded - - - - - 4 234 - - 1 - - 31 15%

Healthcare Analytics > Market Details > Market: Oncology
Market: Oncology

Market: Oncology

Healthcare Analytics > Market Details > Market: Patient Health
Market: Patient Health

Tracxn - Healthcare Analytics Startup Landscape

Tracxn - Healthcare Analytics Startup Landscape

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Tracxn - Healthcare Analytics Startup Landscape

Similar to Tracxn - Healthcare Analytics Startup Landscape (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Healthcare Analytics Startup Landscape