Apixio Raises $13.5M in Equity Funding

APIXIO_logoApixio Inc., a San Mateo, CA-based provider of a in Big Data analytics platform for healthcare, raised $13.5m in equity funding.

The round was led by Bain Capital Ventures, with participation from several Silicon Valley angel investors.

The company intends to use the funds to ramp up sales and operations and further develop its Big Data technology.

Led by Shawn Dastmalchi, CEO and Co-founder, Apixio applies big data technology to allow health plans and large provider groups to extract and analyze unstructured and coded data to determine member risk scores and receive appropriate value-based reimbursement.



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