US-based health and clinical software company Pieces Technology launched yesterday with a $21.6m of series A funding from investors including private healthcare systems Children’s Health and Order of Saint Francis.
Venture capital firms Pacific Advantage Capital Partners and Jump Capital co-led the round, which also featured Parkland Center for Clinical Innovation (PCCI), the independent non-profit company where Pieces Tech was incubated, and several unnamed private investors.
Pieces Tech provides monitoring, risk prediction and workflow optimisation software for hospitals and healthcare systems. The company has also developed cloud-based software to allow community-based organisations to manage their client requirements.
The software is intended to connect to hospitals’ information systems to give a holistic view of all patients and their healthcare needs, allowing institutions to mitigate avoidable patient death and rehospitalisation for those with chronic disease and illness, for example.
Pieces Tech was first developed using a $2m scientific grant to PCCI from the Gordon and Betty Moore Foundation, a private grant-giving organisation based in San Francisco.