Catalyze Snags $4M To grow Cloud Computing business For Healthcare
Catalyze, a Madison, WI-primarily based supplier of cloud web hosting and other products and services for the healthcare trade, has raised $ 4 million from buyers, a new SEC submitting shows.
Catalyze went via Gener8tor’s Milwaukee accelerator program in summer season 2013 and raised a $ 2 million series A spherical three months later. That round was once led by Baird Capital’s undertaking capital workforce, Arthur Ventures of Fargo, ND, and Chicago Ventures, with participation from the State of Wisconsin investment Board, Gener8tor, Oshkosh, WI-primarily based Angels on the Water, and individual traders, including Mark Bakken and Don Layden.
Catalyze officials couldn’t be right away reached Thursday, however Layden advised Xconomy that the startup’s newest funding round was once backed by existing traders, together with himself. Layden sits on Catalyze’s board and is also a Baird project companion.
“Catalyze continues to function extremely smartly available to buy,” Layden said. “[Its] answer has been smartly-received, and [it’s] been highly efficient with the capital that was once equipped after [its] launch.”
Catalyze was co-founded by means of Travis just right, a clinical doctor who additionally holds an MBA and a grasp’s level in data sciences. just right has worked as a security methods analyst with PricewaterhouseCoopers and Booz Allen Hamilton.
His company gives healthcare app builders with servers and databases that meet HIPAA requirements for shielding affected person knowledge. “by no means once more must a healthcare developer fear in regards to the plumbing of compliance,” Catalyze’s website online says. “just as Amazon and Rackspace have commoditized cloud computing, at Catalyze we aspire to commoditize well being technology infrastructure.”
Its merchandise include an API designed for healthcare apps, including those that work with Apple’s HealthKit and Google match, Catalyze’s website says.
the corporate’s shoppers embrace tool companies big and small, as well as insurers and healthcare suppliers.
the brand new money will go toward product development and sales and advertising efforts, Layden says. Catalyze can also be hiring, in line with its web site.
Layden acknowledges that the cloud computing market for healthcare is getting extra crowded, but he thinks Catalyze jumped in early enough and has the top quality products and folks needed to be successful.
“The group at Catalyze has a excessive degree of credibility in the end markets that we’re selling to,” Layden says. “The workforce has been in a position to boost a product that suits that stage of credibility on the market.”
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