The funding will help Verana Health enhance its AI capabilities and build out its technology and data ecosystem. Here are the top-line bullets you need to know.
Verana Health, a digital health company, has raised $150M in a Series E. The round drew participation from Johnson & Johnson Innovation, Google Ventures, and Novo Growth, among others.
How’s the company performing?
- California-based Verana Health leverages an exclusive real-world data network, consisting of over 90M patients, to offer quality drug lifecycle and medical practice insights to physicians and life science companies.
- The platform manages data from more than 20K healthcare providers and 70 electronic health record (EHR) systems.
- Verana Health has established data partnerships with the American Academy of Ophthalmology, the American Academy of Neurology, and the American Urological Association.
- The company has offices in San Francisco, New York, and Knoxville.
Source: Verana Health
Why does the market matter?
- The global digital health market is expected to reach a value of $767.7B by 2030, growing at a CAGR of 17.9%, according to Allied Market Research.
- As of Q3’21, digital health startups had raised 27% more funding than they did over the course of 2020.
- The pandemic has placed incredible pressure on healthcare systems across the globe, which has driven up the demand for digital health solutions to enhance operational efficiency.
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