CIOReview Names Apervita a Top 10 Most Promising Healthcare Tech Startup for 2019

This article was originally published on apervita.com.

Apervita’s Platform-as-a-Service is Defining Digital Transformation for Healthcare

Chicago, IL — April 18, 2019 — Apervita announced today it was selected by CIOReview as a top 10 most promising healthcare tech startup for 2019. Apervita is a healthcare cloud platform that allows enterprises to easily and quickly build applications for a wide array of clinical, financial, and operational use cases. In 2018, the startup onboarded nearly 1,000 hospitals to its platform, with over 3,000 expected by the end of 2019.

Most healthcare startups tackle a single problem with a single solution. Unlike most startups, Apervita empowers its clients to solve many problems with many solutions built upon its HIPAA-compliant, platform purpose-built for healthcare. Apervita allows enterprises to build applications leveraging the most current healthcare standards, such as Clinical Quality Language (CQL), electronic Clinical Quality Measures (eCQMs), FHIR and CCDA, as well as vocabularies such as SNOMED-CT, LOINC, ICD-10, and RxNorm.

Providers, payers, vendors and others such as regulatory bodies can easily build applications on the platform, and deliver outputs from those applications directly into clinical and operational workflows at scale. Apervita allows these enterprises to share applications and data within and outside of their organizations in a safe and controlled fashion.

“We are glad to announce Apervita in our annual ranking list of top ten most promising healthcare tech startups for 2019,” said Justin Smith, Managing Editor of CIOReview. “This recognition is a testament to the skill, ingenuity, and vision of Apervita as well as the value that Apervita adds to the healthcare sector through its solutions.”

Apervita’s pre-built application templates for performance improvement, clinical pathways, and organizational collaboration offer plug-and-play solutions for customers, while its larger platform build capabilities empower organizations to create solutions unique to their business needs.

“Apervita empowers our customers to connect with numerous organizations, solve many problems, and run at industry scale, all on a single platform,” said Apervita President Ken Jakobsen. “The kind of speed and scale our platform offers is unprecedented. Our customers can grow faster, serve many institutions, and deliver exceptional value at a much lower total cost of ownership.”  

Read the full CIOReview article here.

About Apervita:

Apervita, Inc. is the first healthcare Platform-as-a-Service (PaaS) that allows providers, payers and the health enterprises that support them to easily build and share applications that decrease cost, improve patient and clinician experience, and improve outcomes. With Apervita, health enterprises can collaborate freely and securely within and outside of their organizations, streamlining, standardizing and auditing quality measures, operational metrics and care pathways. Apervita is used by approximately 1,000 hospitals nationwide.

CardFlight Drives Small Business Payments Space Forward with Introduction of SwipeSimple Terminal

This article was originally published on cardflight.com

NEW YORK, NY, April 16, 2019 – CardFlight, the leading SaaS payment technology company, today unveiled SwipeSimple Terminal, the expansion of their signature software to the smart terminal payment space. Designed to change and enhance the way small businesses process payments and handle other key related services, SwipeSimple Terminal will bring simple, reliable payment acceptance to even more small businesses than before. By integrating CardFlight’s industry-leading software, SwipeSimple Terminal offers the payment acceptance and software management tools that over 50,000 small businesses already rely on, via an enhanced, intuitive and easy-to-use format that resellers are familiar with and can trust.

“Today’s launch expands our tested, state-of-the-art payments software to a new medium, making it easier than ever for small business owners across America to build and grow their companies,” said Derek Webster, CardFlight Founder and CEO. “Our mission at CardFlight is simple—we’re committed to making payment acceptance fast, dependable, and effortless for business owners in today’s fast-evolving digital world. Bringing our SwipeSimple product to smart terminals as the next step in that mission just made sense.”

With SwipeSimple Terminal, merchants can rely on the basic functions of traditional payment terminals that they and their customers are used to, while gaining access to a sleeker, more modern form factor that consumers prefer, along with SwipeSimple’s intuitive user interface that is loved by merchants today to accept payments on the go, in their store and at their computer.

Merchants can access all the capabilities of a traditional terminal…

  • EMV chip, contactless, and magnetic stripe payment acceptance

  • Rugged, compact form factor with built-in receipt printer

  • Wired and wireless connectivity

…plus the power and simplicity of SwipeSimple.

  • Easy-to-use touchscreen interface

  • On-screen tip prompts

  • Customizable digital receipts via SMS and email

  • Searchable transaction history on the device

  • Item catalog and inventory management

  • Powerful business insight tools at SwipeSimple Merchant Web Dashboard

CardFlight is proud to partner with Merchant Acquirers and Independent Sales Organizations around the country to help empower small business owners. Small businesses nationwide now have the ability to securely accept payments anywhere through CardFlight’s technology, and by using SwipeSimple Terminal, resellers can now serve a wider universe of customers and potential merchants, including those in the retail goods/services, specialty food/beverage, medical/dental/professional services and nonprofits/educational space.

“We’re grateful that our reseller partners have brought SwipeSimple to more than 50,000 small businesses across the United States,” said Marla Knutson, Senior Vice President of Strategic Partnerships at CardFlight. “Introducing SwipeSimple to the smart terminal market enables us and our reseller partners to support even more merchants across new business categories and to do so at a deeper level, making it easier than ever before for our partners to support their customers with our technology.”

SwipeSimple Terminal will initially be available on the PAX A920 and PAX A80, enabling CardFlight to work with Merchant Acquirers and Independent Sales Organizations to meet diverse merchant needs.

  • PAX A920, a sleek, sophisticated model featuring a 5” high-resolution display, long-lasting battery, and SwipeSimple’s revolutionary payment acceptance capabilities

  • PAX A80, an entry-level solution offering all the same SwipeSimple capabilities in a more traditional terminal device, for about the same cost as basic terminals currently on the market

The SwipeSimple Terminal is scheduled for release later this quarter. Merchant Acquirers and Independent Sales Organizations interested in distributing it can apply to join a private beta now to be among the first to resell SwipeSimple Terminal. It will also be on display at this year’s ETA TRANSACT conference, taking place in Las Vegas from April 30 – May 2.

To learn more about SwipeSimple Terminal, please visit here.

About CardFlight

CardFlight is a leading SaaS payment technology company making payment acceptance effortless and simple, by creating cutting-edge solutions designed to help small businesses grow.

SwipeSimple, a signature CardFlight product, reaches businesses through a sales channel of financial institutions, independent sales organizations, and merchant service providers. Used by more than 50,000 small businesses in the U.S., across all 50 states, SwipeSimple empowers entrepreneurs to accept payments on the go, in their stores, and at their computers.

CardFlight takes pride in building forward-thinking solutions defined by reliability and driven with the end-user’s goals in mind. For more information, visit cardflight.com.

Healthcare Tech Outlook Names Apervita a Top 10 Artificial Intelligence Solution Provider for 2019

This article was originally published on apervita.com.

Pioneering Healthcare Platform-as-a-Service Leads the Way in AI/ML With Distributed Insights at Scale

CHICAGO, IL — April 3, 2019 — Apervita announced today it was selected by Healthcare Tech Outlook Magazine as a top 10 artificial intelligence solution provider for 2019. Apervita is a healthcare cloud platform that allows enterprises to easily and quickly build analytic & data applications for a wide array of clinical, financial, and operational use cases. Along with numerous other healthcare-specific tools, Apervita allows artificial intelligence (AI) and machine learning (ML) to be embedded into any application.

While most artificial intelligence companies in healthcare solve discrete problems with siloed solutions, the HIPAA-compliant Apervita platform is able to scale AI insights across and between organizations using the power of cloud computing, delivering them into a broad range of workflows.

“Because Apervita is a platform and not a point solution, we allow enterprises to apply many different AI/ML engines that can be constantly fueled with data from touch points across the healthcare spectrum, producing insights more powerful than those informed by just one data source,” said Apervita president Ken Jakobsen. Ken added, “Apervita’s ability to enable builders to leverage the best AI/ML tools such as Google’s TensorFlow, Amazon’s SageMaker, scikit-learn, PyTorch and other open source tools is unique in healthcare and adds enormous power for insight and innovation.”

One scale example is electronic care pathways built on Apervita, which can use AI/ML to reduce care variation and improve outcomes. As enterprises make the most up-to-date care guidelines computable on Apervita and apply them to real-time disease states, the pathways are able to make intelligent recommendations to providers that improve over time. Apervita enables applications access to longitudinal patient data sourced from both hospital, ambulatory and administrative sources, making insights more powerful than those from a siloed solution.

“We take pride in honoring Apervita for innovative solutions that are revolutionizing the healthcare industry with the cloud platform that empowers organizations with the tools to deliver distributed AI insights at scale,” said Alex D’Souza, Managing Editor of Healthcare Tech Outlook.

Because Apervita is purpose-built for healthcare, it allows AI/ML to be readily integrated with electronic health records, data warehouses and business intelligence solutions. Apervita uniquely allows applications built with healthcare standards such as Clinical Quality Language (CQL), electronic Clinical Quality Measures (eCQM), FHIR and CCDA, as well as vocabularies such as SNOMED-CT, LOINC, ICD-10, and RxNorm, to apply AI/ML.

“Most AI solutions in healthcare are just that — a single solution,” said Apervita CEO Paul Magelli. “Apervita goes beyond solving for just one problem with one use case or one predictive tool. Apervita empowers enterprises to get the most out of artificial intelligence and machine learning for many use cases across many systems, end points and applications.”

Read the full article on Healthcare Tech Outlook here.

About Apervita:

Apervita, Inc. is the first healthcare Platform-as-a-Service (PaaS) that allows providers, payers and the health enterprises that support them to easily build and share applications that decrease cost, improve patient and clinician experience, and improve outcomes. With Apervita, health enterprises can collaborate freely and securely within and outside of their organizations, streamlining, standardizing and auditing quality measures, operational metrics and care pathways. Apervita is used by approximately 1,000 hospitals nationwide.

12 Chicago VCs You Should Know About

This article was originally published on Forbes.com and written by Pete Wilkins.

Chicago is quietly becoming a hotbed of venture capital that fuels technology startups — not just in Chicago but across the country and in a wide range of industries. For example, did you know that Calm, SpaceX, and Coinbase all received funding from Chicago VCs? There are dozens of top VCs in the area that anyone in the startup world should know about, especially those in healthcare, marketplaces, and logistics.

To give you a taste of why these VCs and their startups matter — not just in Chicago but to innovators and investors from coast to coast — here’s my overview of some of the region’s key VC players and an example deal from each of their portfolios. It’s important to note that there are several other under-the-radar Chicago VC firms as well, and I’ll cover them in the second part of this two-part series on VCs of Chicago.

7wire Ventures

A venture firm focused on healthcare, 7wire Ventures has a unicorn in its sights. Livongo Health, which received an $800 million valuation last April, combines data science with behavioral signals to help patients see a positive clinical impact on their chronic health conditions. Founded by Glen Tullman, the former CEO of Allscripts and Managing Partner at 7wire, the startup has a wealth of expertise in not only healthcare but in how to fuel startups to positive exits.

Chicago Ventures

Also creeping toward unicorn status is G2 Crowd, a very high-profile investment for Chicago Ventures. G2 Crowd closed a $55 million Series C last year to help expand the company worldwide. An enterprise software marketplace, the startup is a smart bet for Chicago Ventures. G2 Crowd has dual headquarters, one in the Bay Area, close to top tech talent and venture capitalists, and one in Chicago, close to a huge swath of Fortune 500 companies that can use G2 Crowd to evaluate software. Moreover, the company’s co-founder and CEO Godard Abel has ushered startups to positive exits before.

HPA

Another investment in a repeat entrepreneur is HPA’s backing of Catalytic. Like G2 Crowd’s Godard Abel and Livongo’s Glen Tullman, Catalytic CEO Sean Chou previously helped lead Fieldglass to a $1 billion exit. Catalytic develops people-friendly automation software that frees up humans from working on mundane processes to instead focus on value-add business contributions. Its recent $30 million Series B led by Intel and previous backers like NEA will allow the company to expand globally.

Hyde Park Venture Partners

Hyde Park Venture Partners has made some strong bets in Chicago’s logistics industry, most recently with FourKites. Just last month, the company closed a $50 million Series C round. HPVP was an early believer in FourKites and the company’s ability to achieve its aggressive growth plans. Moreover, FourKites is one of several Midwest-based startups that have received substantial dollars to innovate in the logistics industry.

Jump Capital

Jump Capital, which invests in a wide range of sectors including healthcare and FinTech, kicked off the new year strong by co-leading a $20 million Series C investment in EdTech startup BenchPrep. A platform that allows educators and training program providers to create more engaging learning environments for students, BenchPrep is based in Chicago but also received strong support from coastal investors.

Lightbank

Founded by Groupon co-founders Eric Lefkofsky and Brad Keywell (who’s also the CEO of Uptake), Lightbank continued to back Tempus. Lefkofsky is the CEO of Tempus, a unicorn that  raised a $110 million Series E round last year and is now valued at $2 billion. The Chicago-based healthcare tech startup uses genomic sequencing technology to more successfully battle cancer and will use its new funding to expand to additional illnesses.

Listen Ventures

Also in the healthcare space, Listen Ventures was an early investor of Calm, an app that provides its users meditation techniques that increase mindfulness and help put a focus on mental health. Based in San Francisco, Calm is focused on leveraging technology to make the world healthier and happier. The startup, which reached unicorn status in its latest round announced last month, is a perfect match for Listen, which focuses on consumer products and goods that have a strong focus on branding.

MATH Venture Partners

In a similar “peace of mind” play, MATH Venture Partners recently backed IoT startup Jiobit. Jiobit allows parents to monitor their children’s — and pets’ — locations with a small tracking device and corresponding mobile app. A Chicago-based startup, Jiobit took on $6.5 million of new funding in November of last year.

OCA Ventures

Our last notable investment in the healthcare category is OCA Ventures’ backing of Regroup. Regroup is an integrated telehealth and telepsychiatry startup that is innovating to democratize mental healthcare. The company closed a $5.5 million round of funding last summer to make mental healthcare available to people everywhere via video conferencing.

Origin Ventures

Shifting gears entirely, Origin Ventures invested in social media marketplace startup Cameo last year. Cameo allows users to purchase personalized shoutout videos from their favorite musicians, actors, athletes, and influencers. While Cameo is one of Chicago’s sweetheart startups, the nature of its platform ensures that it has strong connections (including an office) in Los Angeles.

Pritzker Group Venture Capital

Chicago is among the top financial markets, so it’s no surprise that Pritzker Group Venture Capital, one of the city’s most active investors, would be keen on backing a top cryptocurrency startup, Coinbase. Coinbase, a San Francisco-based unicorn that trades digital currency, also opened a Chicago office, where it can grow a technology team in the heart of a strong financial market.

Valor Equity Partners

Finally, we have Valor Equity Partners, which led a $23 million Series C round in San Francisco-based Mode Analytics earlier in February. Mode allows those who rely heavily on data to easily collect, analyze, and share that data through a connected platform. Valor Equity Partners has invested heavily on the coasts, including in well-known, high-tech companies like Tesla and SpaceX.

These notable investments by some of Chicago’s top venture firms highlight the city’s deep strengths, such as healthcare, as well as its broad reach. It’s a strong sign of Chicago’s growing strength that a lot of our capital is being put to work in our own ecosystem and has reached the point of being able to strengthen Bay Area companies as well.

Note: Several of the companies associated with each venture capital firm have received investment from other firms on the list as well. For example, HPA invested in FourKites and Regroup as well.

Review: Jiobit Location Monitor

This article was originally published on Wired.com

This simple and attractive GPS-enabled tracker is the best way to keep tabs on your pets and kids.

RATE8/10 PRICE$100

  • WIREDLight: attractive, and unobtrusive. Lots of options for clipping it on your pet or kid. The app works great, and you don't have to draw geofence with your finger. Easy to add to safe places list. Real-time Live Mode tracking is very accurate.

  • TIRED: Expensive and requires monthly subscription. No fancy features for pet tracking, like step counting.

Every kid is different. Some remain still, focused and content with their books or Legos. Others get on a sled, immediately rocket into a snowy woods, and disappear for days on end. (Just kidding.) (Kind of.)

As a parent, it can be hard to know when to grab your children and when to pull back. But on a recent sunny, Saturday morning, in a mostly empty park, I decided to try something different. When my four-year-old took off down the trail, I resisted the urge to sprint after her. Instead, I opened the Jiobit app and turned on Live Mode.

I watched as the little dot got about 400 feet away from me, walked in uncertain circles at a fork in the trail, then turned around. As it turns out, a little bit of freedom goes a long way.

Connecting the Dots

I have complicated feelings about tracking your kids. But since Jiobit launched in 2015, customers have discovered that they’re handy for many other purposes besides trying to keep your kids from being kidnapped. For instance, if you’re a caretaker, you can Jiobit your dementia patients. This week, the company also released a firmware update that lets you use it to track your pets.

If you have a few living creatures that are only semi-within your control, the Jiobit is by far the easiest and most attractive tracker I’ve ever used. The small, gray, teardrop-shaped device fits into the palm of my hand. Jiobit sent one tester for my kid and one for my dog, and suggests a number of different ways to attach it. My dog was easy—I slipped it into the included fabric pouch and slid it onto her collar. My 50-pound heeler didn't even notice it.

Figuring out a way to attach it to my kid required a little more experimentation. Looping it through a hair tie worked, but I found that the screw-on flex ring was the easiest way to attach it (the optional silicone sleeves are also ridiculously cute). Whichever method you choose, you have to be able to detach the Jiobit easily, to charge it or to switch it from jacket to jacket.

Jiobit uses a combination of Bluetooth, Wi-Fi, cellular data, and GPS satellites to pinpoint the tracker, depending on which is available. Of course, GPS drains the battery more quickly than the other technologies; when we took the kids and dogs on a three-day ski trip with limited cell coverage, the Jiobit’s battery died within two days, but at home the battery lasted for a week. In my tests, it took two hours to charge it from zero to 100 percent.

Clap for Apps

The Jiobit is incredible easy to set up—no wrestling it into fragile plastic holders, or blowing sand or grit out of a collar dock. It’s lightweight, only 18 grams. (That's about the size of an Oreo, Jiobit notes, for the Oreo-eating crowd.) It also has a waterproof rating of IPX8, which means it can be immersed in up to a meter of water. My dog plunged into the rivers wearing hers, and my kid face-planted into a snowbank without affecting either Jiobit at all.

The app was also, by far, the easiest to use of trackers I've reviewed. From the parent menu, you can add members to the care team or change the map view from streets to satellites. It’s incredibly simple to add to or delete from the list of trusted places in the app. On our way to a weekend trip, I searched for the hotel’s address in Google Maps, named it, added my dog and kid, and determined a geofence radius between 100 to 800 feet.

In the app, you swipe from left to right to switch your view of different Jiobits. You can check where the Jiobit is, if it’s in a trusted place, or with a member of the care team. Every time a Jiobit leaves or arrives at a trusted place, the app pings you.

The Jiobit is by far the easiest and most attractive tracker I’ve ever used.

In general, I found the Jiobit could locate my child and pet with an uncanny degree of accuracy. When I pulled up Live Mode while we were out on walks, I found that it could pinpoint in real-time when we passed bridges, or walked through different crossroads on trails. Watching the little dot move around was like having a Marauder's Map in my phone.

While I was testing the Jiobit, the location history was still in beta and could only save two days’ worth of data. I also found that the least helpful feature were the notifications that my child or dog had left the trusted places. I usually got a ping on my phone within a minute or two, but in the mountains, I only received one when we were over 20 miles away.

If you’ve ever wondered why you would shell out for something like a Jiobit instead of, say, clipping a Tile Pro on your kid’s shoe, it’s probably because the location monitor has stronger security protocols. For example, the Jiobit has a dedicated security chip which meets the standards set by the U.S. military; without this chip, a device can’t access the Jiobit servers.

In addition to standard safety precautions like malware-prevention and encryption, Jiobit also burns away part of the circuit board before assembly. Even if someone got his or her hands on your child’s device, they wouldn’t be able to physically program it.

It’s also worth noting that, like other pet trackers, the Jiobit also requires a monthly subscription to access T-Mobile’s and AT&T’s networks, with an additional fee for each extra Jiobit.

Ethically as well as logistically, I can’t see myself putting a monitor on my kid. I want to give my kids the same independence that I had growing up. Also, I can’t keep it on her. She constantly switches jackets. Her shoes have no laces. She won’t even wear “wrunkly pants,” let alone tolerate an Oreo clipped in the waistband of her leggings. (To be fair, I wouldn’t either!)

But if it’s critically important to you to track someone else’s movements, the Jiobit is the easiest way I’ve found to do that. Since my dog can usually be found within three feet of me at all times, I also appreciated its security measures. Maybe it doesn’t track how many calories my dog burns, like the Whistle 3, but it’s much nicer to use.

Apervita Announces Record Growth Year, Adds to Executive Team

This article was originally published on Apervita.com.

Pioneering Healthcare Platform-as-a-Service Now Connected to Approximately 1,000 Hospitals, Grows Annual Recurring Revenue More Than 1,000%

CHICAGO, Feb. 7, 2019 /PRNewswire/ — Apervita, Inc., the nation’s first healthcare cloud platform, today announced that it ended 2018 serving approximately 1,000 hospitals and is on track to support more than 3,000 hospitals by the end of 2019.  At the same time, the company has doubled the number of applications built on its platform.  This rapid market adoption led to a 1,000% growth in annual recurring revenue for the year ending in December 2018.

Healthcare stakeholders are looking to reduce costs across the board while improving clinical outcomes and operational efficiency.  However, maintaining hundreds of separate point IT solutions in support of these cost reduction efforts is hugely costly and ultimately unsustainable.  At the same time, government bodies like The Centers for Medicare and Medicaid Services and other industry associations are driving their customers and members to adopt electronic computable specifications.

Apervita’s secure, massively scalable Platform-as-a-Service (PaaS) allows healthcare stakeholders to build, connect and transact in the cloud across three main areas: quality performance, clinical pathways and data sharing.  As a result, costs for stakeholders using Apervita are 70-80% less expensive than maintaining numerous point solutions. Additionally, stakeholders have complete control of their information, allowing them to share only what they need to, and avoid technical, business and privacy issues associated with legacy data sharing processes.

“The healthcare industry is at a digital inflection point,” said Apervita President Ken Jakobsen. “All stakeholders are looking to more fully leverage their IT spend and operations.  We are leading the transformation effort from individually developed, maintained and paid for software solutions, to those developed on a cloud platform.  The market’s rapid adoption of our platform is a testament to its powerful value proposition and is analogous to experiences in other industries.”

To help direct and further accelerate its growth, Apervita also announced that industry veteran Kevin Weinstein has been named Chief Growth Officer. Weinstein has a proven track record of scaling high-growth healthcare enterprises. Prior to Apervita, he most recently served as CEO of Analyte Health. His other experience includes Chief Growth Officer at Valence Health (acquired by Evolent), and executive positions at ZirMed (acquired by Bain Capital) and Allscripts.

“We are fortunate to have someone with Kevin’s background of successfully building and scaling healthcare startups to drive value for our customers,” Apervita founder and CEO Paul Magelli said. “Kevin will add tremendous value as we cement our position as the industry-leading healthcare cloud platform.”

“I’ve worked in healthcare for two decades and have never seen this type of opportunity,” said Weinstein. “The growth Apervita experienced in 2018 is clearly just the tip of the iceberg. I’m excited to bring the power of Apervita’s cloud platform to an ever-increasing group of healthcare customers and partners. Apervita is a true game changer in improving outcomes and lowering costs across the entire healthcare ecosystem.”

About Apervita:

Apervita, Inc. is the first healthcare Platform-as-a-Service (PaaS) that allows providers, payers and the health enterprises that support them to easily build and share applications that decrease cost, improve patient and clinician experience, and improve outcomes. With Apervita, health enterprises can collaborate freely and securely within and outside of their organizations, streamlining, standardizing and auditing quality measures, operational metrics and care pathways. Apervita is used by approximately 1,000 hospitals nationwide.

Fast facts:

  • Healthcare Platform-as-a-Service

  • Founded 2012

  • Headquarters Chicago, IL

  • Approx. 1,000 hospitals connected

  • Customers in all 50 states

  • Gartner Cool Vendor

  • First company to offer Clinical Quality Language execution services

Life Sciences AI Company rMark Bio Raises $1.5 Million In Seed Funding

This article was originally published on PRNewswire.

CHICAGO, Feb. 7, 2019 /PRNewswire/ -- rMark Bio, which delivers AI solutions that accelerate innovation and scientific discoveries for life sciences companies, recently closed $1.5 million in growth funding. Lincoln Park Capital led the Seed funding along with support from investors M25 Group, SaaS Ventures and MATH Venture Partners.

"We appreciate that investors recognize our unique value proposition. Our ability to help accelerate innovation, especially in highly complex life sciences fields such as therapeutic development, by effectively analyzing and aligning internal and external data with their business strategies, means we help them bring their data to life for the ultimate benefit of patients," said Jason M. Smith, rMark Bio co-founder and CEO. "This vital funding ensures we are able to expand our ability to bring our end-to-end intelligence solutions to companies that want to harness the transformative power of their data but struggle with how to make it a reality."

With the close of investment, MATH Venture Partners Managing Director Mark Achler joined rMark Bio's Board of Directors. "I'm excited to be part of an AI venture that can help accelerate discovery and innovations within the life sciences and the healthcare industry," said Achler. "Jason and his team understand how to build AI in order to help define and deliver data-driven insights."

The funding will be used to grow rMark Bio through market expansion, enable the hiring of key personnel and support rMark Bio's transition into its new headquarters office at 440 N. Wells in Chicago.

Fabric, rMark Bio's patented platform, is an end-to-end AI solution that accelerates innovation and scientific discoveries for life sciences companies by fostering awareness and collaboration. The Fabric platform employs several key capabilities in a three-step process:

  1. It enables automated aggregation and preparation of data for machine learning.

  2. Neural networks are trained to analyze data and surface scientific insights and discoveries.

  3. Fabric's APIs integrate with existing apps to deliver insights.

Specifically, Fabric is trained to understand petabytes of life sciences unstructured text, videos, voice, proteomics, genomic and free form data from existing business applications such as Microsoft™, Salesforce™ and Veeva™ along with third party data sources from IQVIA™ and Symphony Heath™.  Working in unison, Fabric's neural networks surface the most relevant insights and discoveries based on each department or user's specific business needs, without the cost of multiple systems.

Fabric currently is licensed and deployed in several top-20 pharmaceutical companies who are benefitting from savings with its unified data intelligence solution. For example, rMark Bio is saving one customer millions of dollars during the next 12 months compared to what it would have spent for traditional SaaS or consulting services.

"Ahead of that customer's product launch, the Fabric platform provided its marketing department and commercial sales leadership with one-click access to real-time, compliant and, most importantly, relevant target lists," said Smith.

About rMark Bio
rMark Bio, Inc. was created to transform the life sciences and pharmaceutical industries by making artificial intelligence simple to adopt, easy to use and continuously transformative through a holistic approach incorporating strategy, technology and people power. Founded in 2015 by Jason M. Smith, CEO, and Lev Becker, Ph.D., Chief Scientist, rMark Bio is based in Chicago and Seattle. rMark Bio provides services to the top 20 pharmaceutical companies globally and has partnered with industry-leading technology and healthcare organizations, including Microsoft, nVidia, Apigee/Google, and MATTER.

CardFlight Ranked Number 48 Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™

This article was originally published on CardFlight here.

CardFlight’s three-year growth rate of over 2,900% placed the company on the 2018 list of fastest growing technology companies in North America.

New York, New York – CardFlight, the leading mobile POS and SaaS payment technology company, announced today that it ranked 48 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. CardFlight’s 2,916% three-year growth rate placed the company on this year’s list. Overall, 2018 Technology Fast 500™ companies achieved median growth of 412%.

Founded in 2013 and with operations in New York City and Lincoln, Nebraska, CardFlight prides itself on being the leader in payment technology and mobile point-of-sale solutions. The company partners with merchant service providers, banks, and independent sales organizations to serve more than 45,000 small businesses in all 50 U.S. states. 

Derek Webster, CardFlight’s Founder and CEO, credits the company’s commitment to delivering superior products for enabling the company’s revenue growth. He said, “I’m proud and honored to see CardFlight recognized on Deloitte’s Fast 500 list. Our team works hard to deliver the best-in-class payment acceptance technology to our partners, and to enable them to serve tens of thousands of small businesses across the United States. The team’s talent and dedication enable CardFlight’s growth and success and I want to thank them. I would also like to thank Deloitte for honoring us on the Fast 500 list this year.”

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

About Deloitte’s 2018 Technology Fast 500™

Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.