Catalyze.io recently announced that they’ve closed their Series A round. We’re super excited to have co-led the round with Baird Venture Partners and Chicago Ventures!
Catalyze.ioBased in Madison, Catalyze.io provides a HIPPA-compliant backend-as-a-service for healthcare software developers. One of the most powerful trends in technology over the last several years has been the emergence of reliable hosted infrastructure technology services that have enabled developers and companies to get applications to market in a quick, scalable and cost-efficient manner. However, primarily due to stringent and constantly changing regulatory standards, healthcare developers have largely been unable to effectively leverage these infrastructure services as they do not appropriately extend into the healthcare market. Led by its co-founders, Travis Good and Mohan Balachandran, Catalyze.io has set out to change this.
Using Catalyze.io’s backend, developers can focus on UX, design and distribution of their applications while minimizing the time and money required to interpret healthcare regulations and ensure compliance. With the background of our investment team primarily being in b-2-b software, since we began investing in healthcare IT out of our first fund, we have been continuously amazed with how far behind the healthcare market is in leveraging software advancements in the business market and the role regulatory requirements have played in that. From our experience with Intelligent InSites and Preventice, we know that the problem Catalyze.io is addressing is very real in terms of time, dollars and risk.
Good ideas don’t become great solutions without exceptional leaders, which Travis and Mohan are. They are clearly highly educated and are demonstrated thought leaders in the market, but also have the cohesion that we so strongly value at Arthur Ventures. They’ve worked together for years and are the types of people that anyone wanting to disrupt an industry would want to work for.
Congratulations Catalyze.io team and welcome to Arthur Ventures!