Cogitativo, Inc., a Berkeley, Calif.-based machine learning and data-science-as-a-service company for healthcare organizations, closed a $5m Series A funding round.
HCSC Ventures, Inc., a wholly-owned subsidiary of Health Care Service Corporation which specializes in investments in innovative health care companies, made the strategic investment.
The company intends to use the funds to expand its product line for anomaly detection and real-time operational decision support solutions for healthcare payers.
Led by Gary Velasquez, CEO, Cogitativo is a machine learning, data curation and technology company for healthcare organizations to extract value from public and proprietary data sources needed to improve the U.S. health system. Presently, over 13 health plans with over 30 million members use Cogitativo’s solutions. Within the next several months, The company expects to release expanded machine learning solutions for improving payment accuracy, care anomaly detection and real-time monitoring of payers’ care delivery networks.