Validic, a Durham-based startup focused on linking medical devices, app developers and healthcare clients and is backed by Dallas billionaire Mark Cuban, has landed $5 million in new venture capital.
The new funding for the Series A round comes in large part from institutional investors Greycroft Partners and SJF Ventures. SJF maintains an office in Durham.
Validic now has raised some $7 million in funding, including $2 million in March.
“Validic brings the healthcare organizations and the technology developers into a mutually beneficial ecosystem,” said Validic co-founder and CEO Ryan Beckland in a statement.
“Healthcare organizations (including EHR vendors) are trying to handle a multitude of initiatives simultaneously with limited resources. Our sole focus is to help healthcare organizations manage a world of mobile health data with one easy connection so that it can be accessible and actionable.”
The funding news comes as Validic capitalizes on two recent technology industry honors and the acquisition of a Silicon Valley-based firm.
Validic is also rapidly expanding its customer base, now reaching more than 72 million people from South Africa to Australia to Europe and Brazil.
Validic was recognized by Gartner as a “Cool Vendor” in April.
Websites VentureBeat and HitConsultant first reported the funding.
