Medical Informatics Corp. (MIC), a Houston, TX-based predictive analytics and patient safety company, raised $11.9m in Series A funding.
The round was led by Data Collective Venture Capital (DCVC) with participation from Intel Capital and the Texas Medical Center (TMC) Venture Fund. In conjunction with the funding, DCVC’s Scott Barclay and Intel Capital’s Eric King will join MIC’s Board of Directors.
The company intends to use the funds to accelerate the rollout of its patient monitoring and predictive analytics platform.
Led by Emma Fauss, PhD, co-founder and CEO, Medical Informatics provides an FDA-cleared, vendor-neutral platform, called Sickbay™, which expedites care and reduces patient risk in near real-time and at scale, especially in the most complex critical care environments such as intensive care (ICUs).
Sickbay™ continuously captures and processes high-fidelity, waveform data in near real-time from disparate biomedical devices connected to a patient. Once captured and transformed, results are then delivered to care teams beyond the bedside, central station, or even walls of the hospital to give clinical context so they can expedite care and reduce patient risk. Because the platform also features APIs and development tools, physicians, researchers and other members of the care team can accelerate the creation of their own algorithms and analytics based on accurate, near real-time patient data.