In another sign of the growing VC interest in healthcare technology companies, data warehousing and analytics software company, Health Catalyst, has raised another $41 million in funding. Firms including Sequoia Capital, Norwest Venture Partners, Kaiser Permanente Ventures, Sorenson Capital, CHV Capital and Partners Healthcare doubled down on their commitment to Health Catalyst with the new financing.
Health Catalyst, a data warehousing and analytics company, closed a $41 million series C funding round, bringing the total amount raised to nearly $100 million from existing investors, such as Sequoia Capital, Norwest Venture Partners, and Kaiser Permanente Ventures. Last year, the company was one of the top digital health investments, according to Rock Health. Chief executive Dan Burton says he might consider another round, before going public in the next two years. Much like InterSystems, Health Catalyst is muscling its way into Oracle and IBM territory, by developing data management tools that are uniquely suited for health care.