Catalyze, Inc., a Madison, Wis.-based healthcare HITRUST CSF Certified cloud provider, raised $6.5m in Series B funding.
The round was led by Lewis & Clark Ventures with participation from existing investors Arthur Ventures, Baird Venture Partners and Chicago Ventures. In conjunction with the funding, Brian Hopcraft, managing director of Lewis & Clark Ventures, joined the Catalyze board member.
The company, which has raised more than $12.5m since inception, intends to use the funds to accelerate growth with its core healthcare integration and hosting products and services as well as increase its sales and marketing efforts toward enterprise customers, such as hospital systems, pharmaceutical companies and payers.
Led by CEO Travis Good, MD, Catalyze provides an HIPAA compliant, HITRUST CSF Certified platform with a complete set of modules to handle, store and transmit Protected Health Information (PHI) securely in the cloud.