caresyntax, a Boston, MA-based healthcare integration and analytics company, raised $11.9m in funding.
Norgine Ventures, a Luxembourg-based investor supporting innovative healthcare solutions, made the investment.
A sister company of Berlin-based S-CAPE GmbH, co-founded by Dennis Kogan, CEO, and Bjoern von Siemens, caresyntax provides hospitals and ambulatory surgical centers with an integration and analytics platform to identify and manage risk, automate workflows, enhance knowledge sharing, and reduce surgical variability.
The platform aggregates structured and unstructured data from OR devices, and blends it with EHR (Electronic Health Records) and other data sources to decipher the causes of surgical variations and make recommendations for fixing them, resulting in reduced readmissions, improved patient safety and better clinical workflows.
The company intends to use the funds to accelerate product development and open its new North American headquarters in Boston, build upon its established U.S business through longstanding partnerships with GE, Medtronic and Siemens.
Caresyntax will establish its first full-time U.S. operations and headquarters in downtown Boston in October with plans to add more than 10 employees by the end of 2017.