Israel’s MDClone, a Beersheba-based company providing healthcare data in real-time, announced the closure on Thursday of a $26 million funding round led by health-tech venture capital fund aMoon, with additional funding from existing investors OrbiMed Israel Partners, a Tel Aviv-based seed-stage venture capital firm, and American VC firm Lightspeed Venture Partners.
Founded in 2016 by Israeli entrepreneurs Boaz Gur-Lavie, Luz Erez, and Ziv Ofek, MDClone developed a big data solution that democratizes data to the entire healthcare ecosystem, allowing for data access, analytics, and research, without compromising security and privacy.
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MDClone says its innovative platform enables “on-demand and self-service access to healthcare data without IT mediators and, using synthetic data, without risk to patient privacy.”
“Every moment of every day there is a missed opportunity to use data to improve healthcare,” said Ofek, the company’s CEO, in a company statement. “MDClone’s solution unlocks data and with the newly added power of aMoon and continued support from OrbiMed and Lightspeed, we can turn data into a real strategic asset to transform care around the world.”
“MDClone is resolving one of the greatest challenges in this emerging era of health-tech: centralizing, optimizing and enabling quick and easy access to health data, while preserving privacy and compliance,” said Dr.Yair Schindel, co-founder and managing partner of aMoon. “We are honored to partner with Ziv Ofek and his outstanding team who will upgrade healthcare for millions globally.”
MDClone said in the statement that the new funding will help further develop the existing platform, build new products and novel approaches to leveraging data, as well as accelerate sales and marketing efforts.
The company says its clients include the Washington University School of Medicine in St. Louis, Intermountain Healthcare and the Regenstrief Institute, the Rambam Health Care Campus in Haifa, the Sheba Medical Center in Ramat Gan, the Tel-Aviv Sourasky Medical Center, the Assuta Medical Center in Tel Aviv, and Israeli HMOs Maccabi Healthcare Services and Clalit Healthcare Services.