Big Cloud Analytics Inc., an Atlanta, GA-based provider of predictive analytics technology to the insurance and healthcare industries, closed a $4.5m Series A round of funding.
The round was led by Edison Partners with participation from both existing and new investors. In conjunction with the funding, Joe Allegra, general partner of Edison Partners, joined BCA’s board of directors.
The company intends to use the funds to expand global sales and marketing efforts and develop new functionality for enterprises and their consumers.
Led by J Patrick Bewley, CEO, Big Cloud Analytics provides life and health insurance and other healthcare organizations, such as hospitals, pharma, senior living facilities, as well as employers for population health management, with a real-time predictive analytics technology platform for the Internet of Things (IoT) to collect and gain insights from the data, manage or achieve healthier populations. Using the COVALENCE™ software platform, BCA securely ingests large amounts of data in real time for up to millions of users per customer, and arrays data in dashboards that allow a person to get a more analytical view into their own health.
Customers include Merck and MLC Life Insurance, as well as other health and life direct insurers and reinsurers.