Explorys Secures $2.55M Series B Financing

Explorys Inc., a Cleveland, OH-based provider of cloud computing solutions for healthcare data management, analytics, and outcomes measurement, has secured $2.55m Series B financing.
The round was led by new investor Santé Ventures, with participation from Cleveland Clinic Innovations.
This funding adds to the $1m raised in their Series A round led by 23Bell in October 2009.
Explorys provides specialized data services and applications for the healthcare industry, empowering healthcare providers, biotech, and pharmaceutical companies to improve treatment, accelerate research and product development, while enabling critical measurement for performance management and drug safety.
Founded in 2009, the company has developed a network of healthcare providers contributing over a billion clinical records updated on a daily basis. Explorys launched its platform for healthcare providers in July and will offer their services to life sciences customers in the fourth quarter of 2010.
The funds will be used to continue development of the platform technologies including drug safety detection technologies, third party software development interfaces, as well as network development, sales, and marketing activities.

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