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Komodo Health announced on Monday that it raised $220 million via a Series E financing round, valuing the firm at $3.3 billion. Komodo said the funding will allow it to accelerate investment in its enterprise technology platform, application suite and core data assets.
"This investment reaffirms our patient-centric approach to understanding every interaction with the healthcare system and building a flexible analytics platform based on that foundation," remarked CEO Arif Nathoo. He added that "as digital adoption continues to accelerate rapidly and new sources of healthcare insights proliferate, Komodo enables the enterprise to address unmet needs of patients, while reducing disparities in care."
According to Komodo, its Healthcare Map, which is the foundation of its enterprise technology platform, uses artificial intelligence and advanced data analytics to track encounters with the healthcare system for over 325 million patients. The company, which was founded in 2014, suggested that the Healthcare Map is the industry's largest and most complete record of de-identified, real-world patient insights, representing the only system of its kind to provide a longitudinal view of the patient journey at scale.
Earlier this year, Komodo bought Mavens, a provider of cloud-based technology solutions geared to the life sciences industry, for an undisclosed sum. More recently, Komodo entered into a multi-year agreement to integrate Blue Health Intelligence's real-world patient data into its Healthcare Map.
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