Medical Informatics Corp Secures $11.9M Series A Funding to Advance Real-Time Patient Monitoring and Predictive Analytics Platform

VCBeat has learned that Medical Informatics Corp. (MIC), a medical monitoring and analytics company, announced on April 2 the completion of an $11.9 million Series A financing round. The round was led by Data Collective Venture Capital (DCVC), with participation from Intel Capital and Texas Medical Center (TMC). Following this financing, Scott Barclay from DCVC and Eric King from Intel Capital will join MIC’s Board of Directors. The company plans to use the funds to accelerate the launch of its patient monitoring and predictive analytics platform.

Founded in 2010, MIC is a medical software company headquartered in Houston, Texas, dedicated to providing real-time patient monitoring and predictive analytics for continuous care across hospitals. Under the leadership of Co-Founder and CEO Emma Fauss, MIC has established the Sickbay data collection platform. The Sickbay™ platform archives, aggregates, and transforms short-term, high-resolution waveform data from diverse devices to support remote monitoring anytime, anywhere. MIC applies machine learning to develop predictive algorithms, laying the foundation for future AI-driven data collection solutions. These solutions can predict patient risks and clinical deterioration, supporting data-driven medical technologies and patient-centered care services.

The Sickbay software platform features web-based applications that transform data into actionable insights, enabling care teams to make better, faster decisions to save patients’ lives. The platform continuously captures and processes high-fidelity, near-real-time waveform data from various biomedical devices connected to patients, and delivers the processed results to bedside monitors, central stations, and care teams, thereby providing clinical context for healthcare providers. It accelerates care delivery and reduces patient risk in near real time, particularly in the most complex critical care environments such as intensive care units (ICUs). With its API (Application Programming Interface) and development tools, the platform enables physicians, researchers, and other members of care teams to rapidly develop their own algorithms and analytical content based on accurate, real-time patient data.

Furthermore, the platform received FDA 510(k) clearance on June 2, 2015, and is classified as a Class II medical device developed for clinical use.

Data Collective is a venture capital firm based in San Francisco, California, featuring a unique team of seasoned venture capitalists, technology entrepreneurs, and practicing engineers. It primarily invests in big data, deep computing, and IT infrastructure companies at the seed and early stages.

Intel Capital is the strategic investment arm of Intel, primarily investing in innovative technology startups worldwide. It also provides hardware, software, and business services for the enterprise, mobile, consumer internet, digital media, and semiconductor manufacturing sectors.

Texas Medical Center (TMC) is the largest medical center in the world. Since its establishment in 1945, TMC has been a pioneer in patient care, research, education, and prevention. To date, TMC comprises 21 renowned hospitals, 13 support organizations, 8 academic research institutions, 6 nursing programs, 3 public health organizations, 3 medical schools, 2 universities, 2 pharmacy schools, and 1 dental school.

(Compiled by: Li Chengping)