Medical Informatics Corp (MIC), the US-based developer of a patient monitoring and predictive analytics platform, has raised $11.9m in series A funding from investors including Intel Capital, a subsidiary of chipmaker Intel.
Venture capital firm Data Collective Venture Capital (DCVC) led the round, which also featured Texas Medical Center Venture Fund, the VC arm of healthcare provider Texas Medical Center (TMC).
MIC is working with TMC and Texas Children’s Hospital on the creation of a dispatch app for emergency response teams, as well as the development of a computer algorithm that will be able to predict cardiac arrest events before they happen.
Intel Capital investment director Eric King will join MIC’s board of directors along with Scott Barclay from DCVC.
Emily Fauss, MIC’s co-founder and chief executive, said: “This investment comes at a great time. We are growing rapidly to enable delivery of our breakthrough technology to every bedside in every hospital in the country.
“The series A funding will accelerate our ability to execute on current implementations and support the hundreds of additional hospitals in our pipeline.”
