Ovation.io, a Cambridge, MA-based clinical informatics company, raised $5m in Series A funding.
The round was led by Madrona Venture Group with participation from new investors Borealis Ventures, Nat Turner, Zach Weinberg, and existing investors StagedotO and David Shaw.
The company will use the funding to accelerate lab deployment and expand features to enable independent labs to grow their business efficiently and maximize business value from their data.
Led by Barry Wark, co-founder and CEO, Ovation.io provides Ovation Diagnostic, a cloud-based operations and intelligence software platform for next-generation precision diagnostic labs.
The company’s laboratory information system for Clinical Diagnostics focuses on addressing challenges in the critical functional areas of Lab Operations, Business Analytics, and Relationship Support, accomodating the needs of labs for sample tracking, client relations, EHR integrations, revenue cycle management, reporting, operational intelligence, and results analytics.