PatientPing, a US-based medical data exchange platform backed by conglomerate Alphabet, raised $31.6m in series B funding yesterday co-led by VC firm Andreessen Horowitz and investment bank Leerink’s unit Leerink Transformation Partners.
PatientPing’s platform enables the real-time exchange of patient data between healthcare providers, alerting relevant doctors when a patient is admitted, transferred or discharged. The information also includes contact details for medical staff treating the patient, instructions from doctors and visit data.
The funding will support international expansion and the development of additional features. The company also hopes to double its staff.
PatientPing previously obtained $9.6m in a series A round in November 2015 co-led by Alphabet’s corporate venturing division GV and F-Prime Capital, the investment vehicle of financial services conglomerate Fidelity. First Round Capital and SV Angel also took part in the series A.
Jay Desai, founder and chief executive of PatientPing, said: “We are just getting started. It is an important moment in history to modernise our country’s healthcare IT infrastructure and we are thrilled to partner with the world’s most innovative investors from both coasts to support us on our journey.”