Providence
Facts
- HQ
- Seattle
- Sectors
- Hospitals and Health Care
- Employees
- 51402
Truveta raises $95M from 17 partner systems, gains access to >15% of U.S. patient records across 40 states
Seattle health-data startup Truveta raised $95 million in Series A funding from its 17 partner healthcare systems and added three new partners, giving it access to records covering more than 15% of U.S. patient care across 40 states. CEO Terry Myerson says the pooled data and insurance claims will let researchers and life sciences companies link treatments to outcomes to improve patient care and safety research.
Providence spinout Tegria acquires Seattle AI health startup KenSci; founders depart, Sudarshan Chitre named CEO
Tegria, a Providence spinout, has acquired Seattle-based healthcare AI startup KenSci, which uses machine learning to predict patient risk and reduce costs; terms were not disclosed and KenSci’s founders will depart while about 50 staff will be retained. KenSci has raised $30 million to date and Sudarshan Chitre becomes CEO following the acquisition.
DexCare, spun out of Providence, raises $20M to scale patient access platform; Define Ventures leads round
Seattle health‑tech startup DexCare, spun out of Providence’s Digital Innovation Group, raised $20 million to expand its access-optimization platform that routes patients to appropriate care and integrates with health systems. The 25-employee company, led by CEO Derek Streat and CCO Sean O’Connor, saw increased usage during the pandemic and counts customers like Community Health Network and Houston Methodist.
DexCare announces oversubscribed $20M Series A led by Define Ventures to deliver first digital-care operating system (Mar 22, 2021)
DexCare, a new digital health company spun out of Providence and launched by Derek Streat and Sean O'Connor, announced an oversubscribed $20 million Series A on March 22, 2021, led by Define Ventures with participation from Frist Cressey Ventures, Kaiser Permanente Ventures, SpringRock Ventures and Providence Ventures.
Fourteen U.S. health systems form Seattle startup Truveta to pool de-identified data for AI-driven research
Fourteen U.S. health systems representing tens of millions of patients across 40 states formed Seattle startup Truveta to pool de-identified patient data and use AI to search for medical breakthroughs and detect healthcare inequities. Led by CEO Terry Myerson and governed by the participating systems, Truveta has 53 employees and says it will enable more statistically representative research populations while protecting patient privacy.
Lumedic launches 'Lumedic Exchange' to set blockchain-based digital identity standards with Mastercard, Providence, Cambia
Lumedic launched the Lumedic Exchange to develop digital identity standards for healthcare using blockchain-based private ledgers and secure mobile wallets, aiming to give patients control over data and reduce friction in care delivery and billing. Initial partners include Mastercard, Providence St. Joseph Health, and Cambia Health Solutions, though the company acknowledges scaling and standards adoption will be challenging.
Terry Myerson launches Seattle health-data startup Truveta to develop patient-care innovations, pledges strict privacy
Terry Myerson, former head of Microsoft's Windows and Devices Group, launched Seattle-area health-data startup Truveta to use patient data for developing treatments and improving care while emphasizing strong privacy protections. The company has hired nearly 20 people, plans to grow, declined to disclose funding or ownership details, and signals collaborations with health systems such as Providence Health & Services.
Xealth partners with Cerner as Cerner invests $6 million to scale digital health prescriptions amid COVID-19
Seattle startup Xealth announced a partnership with EHR vendor Cerner and received a $6 million investment from Cerner (with participation from LRVHealth) to help hospitals rapidly adopt digital health tools accelerated by COVID-19.
Providence Ventures, led by ex-Amazon's Aaron Martin, raises $150M second fund to double healthcare tech investments
Providence Ventures, led by former Amazon executive Aaron Martin, has raised a second $150 million fund for early-stage healthcare technology investments, doubling its portfolio to $300 million. The firm focuses on companies that align with Providence St. Joseph Health's priorities and has invested in 15 companies from its initial fund.
