US-based healthcare IT company Zephyr Health has secured $17.5m in a funding round led by Google Ventures, the corporate venturing arm of internet company Google.
Kleiner Perkins Caufield & Byers (KPCB) and Icon Ventures also took part in the round, which followed a $15m round co-led by KPCB and Jafco Ventures in January 2014. Zephyr has now raised $33.5m altogether, it said, but has not disclosed details of its earlier funding.
Founded in 2011, Zephyr’s technology relies on big data to reduce both the time and cost of bringing treatments to market, thereby reducing the overall cost of developing new therapies.
Blake Byers, general partner of Google Ventures, said: “Zephyr Health is at the forefront of healthcare analytics. Zephyr integrates thousands of public and private data sources to provide deep, predictive insights that enable customers to accelerate time to market for drugs, diagnostics and devices.”
William King, founder and chief executive of Zephyr, added: “With the support of Google Ventures, along with KPCB and Icon, we look forward to a collaborative partnership that will allow us to tap into their vast resources of knowledge and experience, helping us to further expand our business with new products and in new areas.”