Viewics Raises $8M for Product Innovation, Staff Expansion

Viewics has raised $8 million in financing to serve its market's need for analytics by developing more applications for its data platform and growing out its team.

CJ Arlotta, Associate Editor

October 17, 2014

2 Min Read
Viewics Sales Marketing and Business Development VP Tim Kuruvilla
Viewics Sales Marketing and Business Development VP Tim Kuruvilla.

Viewics announced it has raised $8 million in venture capital financing to assist health care organizations with clinical, financial and operational analysis through its Health Insighter platform.

The Sunnyvale, California-based health care analytics platform provider on Wednesday said the additional funding will be use to serve its market’s need for analytics by developing more applications for its platform and growing out its team.

Canvas Venture Fund led the venture funding round. Prior to these additional funds, Viewics had raised less than $1 million in seed financing. Kuruvilla said the company is open to additional financing if it’s needed.

“Our strategy is to be prudent with the funds raised in this round,” said Tim Kuruvilla, vice president of sales, marketing and business development at Viewics, in an interview with Talkin’ Cloud. “If we continue to identify opportunities which justify further capitalization of the company, we will seek financial partners that bring both capital, as well as strategic value.”

Viewics said more than 100 hospitals and laboratories use its solutions, processesing data for more than 20 million patients across multiple departments and visits.

Kuruvilla, who is also the company’s founder, said the Viewics plans to “expand into more hospitals and laboratories by developing more powerful applications, building out our sales and marketing teams, and expanding our support resources to ensure they succeed.”

Packaged as a SaaS-based analytics solutions, Viewics runs on a data platform to enable healthcare organizations to execute on their clinical and operational strategies.

“Health professionals need analytics which enable them to deliver better quality at a lower cost,” he said. “We help them identify at-risk patient populations, cost inefficiencies, practice practice variations, quality issues and so forth.”

Rebecca Lynn, general partner at Canvas, will be joining the board of directors at Viewics, along with Ash Patel of Morado Venture Partners.

Follow CJ Arlotta on Twitter @cjarlotta and Google+ for further updates on the story above.

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About the Author(s)

CJ Arlotta

Associate Editor, Nine Lives Media, a division of Penton Media

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