Redox, the company that is changing the way healthcare providers and software vendors share data, today announced that the company closed a $33 million Series C funding round led by global investment firm Battery Ventures with participation from existing investors .406 Ventures, RRE Ventures, and Intermountain Ventures.
As part of the transaction, Battery General Partner Chelsea Stoner, an experienced software investor, will join the Redox board. The funding comes as Redox has shown tremendous customer momentum in its bid to enable faster, more secure, and reliable data sharing between healthcare vendors and providers.
The Redox platform squarely addresses one of the biggest barriers to innovation in healthcare today: the inability to easily use and exchange data among healthcare organizations and the software solutions they use. Currently, inconsistent data formats and redundant connections slow, or completely prevent, the flow of critical health information, hindering patient care. Redox changes this by dramatically simplifying communication, making data actionable and more shareable. With Redox, software developers enable easy access through an intuitive and standardized application programming interface (API). Redox’s vendor-agnostic approach allows messages to be sent or received securely in any format associated with an organization’s electronic health record (EHR).
As a result, Redox’s technology powers a streamlined workflow for caregivers, improving care delivery and the patient experience. Clinicians can use a variety of targeted apps and technology to meet their needs, instead of a one-size-fits-all approach.
