pulseData, which develops a suite of artificial intelligence solutions that predict the progression of chronic kidney disease and cardiorenal comorbidities, raised $16.5 million in a Series A funding round.
Bain Capital Private Equity and Two Bear Capital led the funding round with participation from Alumni Ventures Group and existing investors.
“pulseData has built the best data intelligence platform for predicting the progression of kidney disease,” said Danielle Wang, Senior Vice President at Bain Capital.
Danielle Wang added: “pulseData’s models equip local care teams to deliver the highest quality care to the most at-risk patient cohorts. We are excited about the results pulseData has achieved. We look forward to partnering with Teddy, Hai Po, and the rest of the management team to improve kidney care for patients.”
pulseData works as value-based care as the technology layer that precisely matches at-risk patients to proactive, multidisciplinary care. One hundred million Americans are suffering from chronic comorbidities, the company said in a statement. According to the company, the only way to provide them with better outcomes and decrease the cost on the American healthcare system is by proactively caring for those in need and at risk before their health declines precipitously.
“The future of healthcare will depend on leveraging advanced technologies that keep patients healthier and costs lower. pulseData is focused on having exactly this impact on renal disease, a chronic condition that affects millions of patients and costs the healthcare system over $100 billion a year,” said Mike Goguen, Founder and Managing Partner of Two Bear Capital.
Clinical decision support companies raised $661 million in 2020, according to Mercom’s Q1 2021 Digital Health Funding and M&A Report. Strive Health, a kidney care decision-making platform, secured a $140 million Series B round of funding led by CapitalG, Alphabet’s independent growth fund. Redpoint, New Enterprise Associates (NEA), Town Hall Ventures, Ascension Ventures, and Echo Ventures also participated in the funding round.