AdaptX raises $6M, changes name from MDMetrix, expands quest for healthcare data insights

AdaptX raises $6M, changes name from MDMetrix, expands quest for healthcare data insights

AdaptX, a Seattle-based startup began by an anesthesiologist searching for to enhance affected person care with higher insights from healthcare data, raised an extra $6 million in a Sequence A funding spherical led by Vulcan Capital.

The corporate, based as MDMetrix, additionally modified its name to AdaptX to mirror its broader objectives in adaptive medical administration.

The concept is to assist healthcare suppliers and techniques use data from digital medical information to tell and regulate what they do, aiming to enhance outcomes reminiscent of monetary outcomes and racial equity along with high quality of care.

“Our prospects are seeing sweeping enhancements within the effectivity, effectiveness, and high quality of care,” mentioned Dr. Dan Low, the corporate’s chief medical officer, in a news release announcing the funding. Low’s challenges accessing data as an anesthesiologist at Seattle Kids’s Hospital initially inspired the company.

Proceeds from the $6 million funding spherical will probably be used to make key hires and proceed creating the corporate’s expertise, pushed by synthetic intelligence, mentioned Warren Ratliff, the AdaptX CEO.

The corporate has raised a complete of greater than $11 million in funding. It employs about 20 individuals, with a number of open positions, Ratliff mentioned.

All of its earlier institutional buyers participated within the new spherical, together with Founders’ Co-op, Arnold Enterprise Group, WRF Capital, and Alumni Ventures Group.

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