AdaptX, a Seattle, WA-based self-serve clinical management solution company, has secured an additional $10 million in funding, bringing its total funding to over $20 million.
The round was led by Cercano Management, with participation from Memorial Hermann Health System, Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital.
Founded in 2003, Cercano Management is a venture capital firm based in Bellevue, Washington. Cercano Management provides investment advisory and other services to ultra-high-net-worth individuals and their families as well as their family foundations, charitable organizations, and other related entities. The firm invests across all stages of corporate development through leveraged buyouts, growth capital, distressed or turnaround, early-stage venture capital, and public equity.
AdaptX Use of Funds
The company will use the funds to support its growth and invest in its AI-driven Adaptive Clinical Management technology.
AdaptX is a clinical management platform that delivers analytics and AI to hospitals and surgery centers. Adaptx’s self-serve clinical management solutions enable healthcare providers to assess and improve patient care using data from electronic medical records. The company's solutions help clinical leaders make data-driven decisions to enhance care capacity and quality, improve patient outcomes, and address healthcare challenges such as increasing capacity, enhancing equity, and reducing greenhouse emissions. Its mission is to empower clinical leaders to transform care through Adaptive Clinical Management. AdaptX is headquartered in Seattle and was founded in 2016.
Funding Month: November 2023
Lead Investors: Cercano Management
Additional Investors: Memorial Hermann Health System, Founders' Co-op, and Morningside Ventures
Company Website: https://www.adaptx.com/
Software Category: Clinical Management Solution