Redox just completed a $9M Series B funding round, led by RRE Ventures. Redox is a local startup that is accelerating technology adoption in healthcare with cloud-based applications. These applications are revolutionizing the way healthcare data is shared among healthcare organizations, patients, researchers, and technology providers.
Redox plans on using the funding to continue improving their technology and expanding its use. Since their applications are centralized, they will become more powerful as the number of users increases. The ultimate goal is to create a system where clinical data follows patients so that any hospitals or specialists they visit will be able to easily access their information.
Read more about Redox and their growth strategy here
We at Redox wanted to write a quick note to say thanks, and express our gratitude for the inspiration you give us on a daily basis. A year ago, we had zero customers, a shell of a website, and were packing our car to move to Baltimore. We didn’t have developer accounts, installing customers, a gallery, or project plans. We had around six followers on social media, a couple blog posts outlining our dreams, and a handful of people who kind of knew what we were setting out to do.
It’s amazing to look back on these twelve months. From Baltimore we bounced to Houston with TMC|X, then to Salt Lake City with Healthbox, and eventually came home to Madison and have partnered with great health systems and met amazing startups along the way. We now have hundreds of people developing on top of the platform that we’ve built. We have 12 employees and are continuing to grow the most badass team I’ve ever been a part of. Most importantly, we get to spend our days working with amazingly talented people across the country who share our vision for improving healthcare. These are our customers.
You’re creating the software that will cut into the inefficiencies we face every time we become a patient. In St. Louis, clinics powered by StatPayMD are improving cost transparency by predicting out of pocket expenses. And in New Jersey, complex cesarean deliveries are safer for mothers because Gauss Surgical is accurately measuring blood loss in the operating room. These are just a few of the amazing innovations we get to touch on a daily basis.
We see 2015 as the year we got the engine started; Redox is actually being used to improve interoperability in healthcare. This year, we shift from simply solving a problem to changing an industry. Redox has never been about point-to-point connections. Each go-live adds to a network that can interoperate freely making it possible to plug in once and scale. We’ve started that engine. The next step is getting this vessel moving. Check back next year to see how that happened. It’s a story we’re working on writing.
Healthtech startup Redox has closed a $3.5M Series A funding round led by Flybridge Capital Partners and HealthX Ventures. Redox is developing a platform API for healthcare integration, which connects health systems to an ecosystem of health tech applications. Over 120 application developers have signed up for API access so far and Redox is targeting to increase that number to 500 by the end of 2016. Redox also recently was the winner of the Traction pitch competition at the Health 2.0 conference.
Read more on Xconomy here.