Verato Raises $12.5m in Series B Financing

veratoVerato, Inc., a McLean, VA-based provider of cloud-based identity matching and Master Patient Index (MPI) solutions, raised $12.5m in Series B financing.

The round was led jointly by Bessemer Venture Partners and Columbia Capital.

The company intends to use the funds to accelerate technology development and expand adoption of its platform.

Led by Mark LaRow, CEO, Verato provides a cloud-based platform that links and matches identities across disparate databases or organizations to unify patient records across different health systems, in situations where existing technologies have under-performed. The company has just signed on five new healthcare organizations as customers, including three Health Information Exchanges (HIE), and a multi-billion dollar health enterprise with over 20 hospitals and a three-million-member health insurance division.



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