Array Analytics Secures $2M Pre-A Funding to Advance Healthcare Management Platform Array Pivotal

On August 27, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that healthcare technology company Array Analytics announced the completion of a $2 million Pre-A financing round. The investors in this round have not been disclosed.

Array Analytics plans to use the funds from this round of financing to further develop Array Pivotal, its healthcare network management platform.

Array Analytics, founded in 2012, is a data technology company in the healthcare sector. The company focuses on predicting trends at the intersection of technological developments and analyzing their potential to help partner companies seize growth opportunities. Array Analytics boasts a team with extensive experience in financial services, marketing, and management, and holds a leading position in areas such as stock trading and peer-to-peer (P2P) lending.

Array Analytics’ flagship product is Array Pivotal, a patented web-based management platform that enables users to achieve visualized management. The platform performs complex analyses and generates graphical representations, providing insights into staffing, revenue, operational expenditures, and return on investment, thereby delivering high-efficiency management solutions. Array Pivotal also analyzes customer profiles, preferences, and purchasing behaviors, synthesizing them into actionable recommendations related to market development trends. The information provided by this feature is an essential component of strategic planning for healthcare systems.

Recently, Array Analytics entered into a strategic partnership with OptumInsight, the analytics division of UnitedHealth Group, to jointly develop an integrated marketing strategy for the CMA/P2020 product. This product currently serves a customer base of more than 200 hospitals across the United States.

Carl Davis, Co-founder and CEO of Array Analytics, stated, “This financing enables our development team to further advance the healthcare business management platform. The Array Pivotal system makes business planning methodologies more agile, intelligent, and integrated, and Array Analytics will expand the platform with additional innovative application features.”

Fady Barmada, Co-founder and Chief Strategy Officer of Array Analytics, stated, “Array Pivotal’s financial modeling and collaboration capabilities provide healthcare leadership teams with innovative management solutions that significantly enhance the operational efficiency of healthcare organizations. For healthcare professionals, it is crucial to test various strategic investment scenarios in an evolving market. Array Pivotal meets this need by integrating data, financial modeling, and geolocation, enabling healthcare companies to prepare for rapidly changing industry conditions.”

(Compiled by Hu Yifan)