Santé Ventures Invests $2.55 Million in Series B Funding for Explorys

Based in Cleveland, Ohio, Explorys is one of the market leaders for cloud computing solutions that are aimed specifically for the healthcare industry. The company tailors solutions that suit all the needs for healthcare institutions to store all their data from patients and physicians alike and besides helping healthcare institutions, the cloud computing services that Explorys serves, the company also provides services for biotech and life sciences companies also.

Explorys also announced on August 2, 2010, that it has just completed $2.55 million in a series B funding round which was led by Santé Ventures. Other investors who participated in this funding round also include Cleveland Clinic Innovations. Founded in 2009, Explorys completed this series B funding round on the heals of a series A funding of $1 million and has become one of the primary contributors to the updating of billions of healthcare and clinical records from healthcare providers nationwide. Explorys launched its unique cloud computing platform to healthcare institutions in July of this year and plans to have a version of its platform specifically tailored to the life science industry for launch in the fourth quarter of 2010.

The key to the success of Explorys’s product is that the company provides a cloud computing platform that is specifically tailored to the healthcare industry and to the needs of healthcare providers. The cloud computing platform that Explorys provides enables healthcare providers to standardize billions of clinical records with massive scalability, in turn allowing physicians to make sense of billions of clinical trials and test data and can allow healthcare providers to easily communicate with labs and communicate results with their patients.

According to the CTO and president of Explorys, Charlie Laugheed; the ability to process large amounts of medical data and helping healthcare providers make sense of billions of lab data and providing understandable results to their patients can allow healthcare providers to streamline data and make records easily accessible to their patients or other corresponding physicians to aid in the treatment of all health issues.

Moneys from this funding round will go to the continual expansion of its cloud computing platform to aid in drug testing data, third-party software interfaces, and sales & marketing activities.

According to Joe Cunningham, Managing Director of Santé Ventures, the team of Explorys has the potential to meet the needs of the ever-changing healthcare system and the team at Santé Ventures is looking forward to be working together with the Explorys team. As part of the agreement of this funding round, Mr. Cunningham will also join Eplorys’s board of directors.

Santé Ventures is a vc firm that is dedicated to investing in the life sciences and healthcare industries. The motto of the firm is that “experience has taught that investing in new startups is challenging and can be a risky endeavor. Furthermore, it can take the best people to make the differentiation between success and failure.” The firm is based in Austin, Texas, and invests throughout the United States. Santé Ventures primarily invests in startups and looks for those entrepreneurs who have an exceptional track record and have an uncompromising integrity. Some other companies in Santé’s portfolio include BioStable Science & Engineering, Endostim, Molecular Templates, Spinal Restoration, TVA Medical, and others.