US-based patient education software developer Mytonomy has closed a $7m series A round led by Philips Health Technology Ventures, a corporate venturing arm of technology conglomerate Philips.
Healthcare provider MedStar Health also participated in the round together with angel investors George John and Gokul Rajaram.
Mytonomy has developed a cloud-based platform that allows hospitals to deliver educational content, automated procedure preparation reminders and patient instructions directly to patients at their home.
The software allows patients to better understand their care and reduces hospital liability by tracking the information patients access.
Rich Wilmot, head of Philips Health Technology Ventures, said: “The results that Mytonomy and its founders have achieved in recent years are very impressive.
“Their innovative product has strong traction in the market as hospitals achieve very high patient satisfaction from patients who use Mytonomy’s cloud-based patient education system.”