With new interoperability rules coming into effect that would make it easier for people to share their health data, Human API is building a system to aggregate that information into one place. The San Mateo-based startup pulls in and organizes health data from a number of sources, including EHRs, labs, wearables and health apps.
It recently raised a $20 million series C round to help expand its system into new markets. Currently, it’s used by insurance providers including Prudential and John Hancock. Digital health startups, such as Thrive Global and Omada Health also use its products. For example, Omada, which offers programs for managing chronic conditions, uses Human API to let its users connect to multiple devices without needing as many IT resources.
Last year, the company launched a product to help the life insurance industry speed up the underwriting process, after Guardian Life Insurance Company and SCOR Life & Health Ventures joined as new investors in the company. For example, people might be directed to send their records through Human API’s platform to complete the underwriting process faster.
The company also says its services can be used to speed up clinical trial recruitment and build digital patient registries. It plans to use the funds to enable granular risk stratification, optimize clinical trial recruitment and automate patient monitoring, for example.
“With this new capital we’re evolving Human API into a digital transformation platform unifying more data from more sources,” Human API Founder and CEO Andrei Pop said in a news release. “We’re speeding up growth in the insurance, clinical trials, and health plans markets, as well as new use cases like Covid-19 screening.”
Samsung Ventures, CNO Financial Group, Allianz Life Ventures and Moneta VC joined as new investors in the funding round.
“Human API’s ‘one stop shop’ of health data helps enterprises realize new possibilities in lasting consumer engagement models,” SCOR Global Life CEO Paolo DeMartin said in a news release. “They’re truly moving the industry into a new era of innovation.”
Photo credit: exdez, Getty Images