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Santa Clara: Boston-based startup Kyruus has raised $5.5 million in series A funding which was led by Highland Capital Partners, Venrock and Gerson Lehrman Group. Jonathan Bush, Ed Park, John Goldsmith and Accenture Partner James Golden are the Angel investors who also participated in the funding.
Founded in 2010, Kyruus takes a 'Big Data' approach to address the mounting challenges and opportunities related to the omnipresent interactions between physicians and other stakeholders in the healthcare systems. Kyruus is developing a technology platform to unify public and proprietary healthcare data sources to perform processing, profiling and predictive analytics based on the professional personas of physicians. They will use the fund to support its data-driven software platform aimed at matching physicians with various healthcare resources, including other doctors and patients.
Yoo, Chief Product Officer, Kyruus, said, "Despite the importance and high prevalence of these interactions, stakeholders have traditionally made poor use of data mining and analytics to appropriately match, manage and measure these relationships in an information-driven manner." Kyruus p3 technology enables users to leverage the vast sea of information and the resulting insights to optimize the way in which physicians are matched with resources across the healthcare system, including healthcare organizations, colleagues and patients.
Graham Gardner is the Co-Founder and CEO of Kyruus. Prior to Kyruss, he was a co-founder and Clinical Consultant to SynapDx, a company focused on developing and commercializing diagnostic testing for the early detection of autism. He completed his clinical training in internal medicine and cardiology at Beth Israel Deaconess Medical Center and Harvard Medical School, where he also served as Chief Medical Resident. He is the author of several peer review articles and has served as a consultant to a number of University and received his MBA from Harvard Business School.
Vinay Seth Mohta is a Co-Founder and the Chief Technology Officer at Kyruus. He was previously at Kayak, where he led the development of a "Big Data" predictive analytics platform for measuring the impact of the company's multi-channel marketing efforts. Prior to Kayak, he served as CTO for Global Health Delivery, Harvard School of Public Health, Harvard Medical School and Partners In Health, which was designed to systematize the study of global health care delivery and rapidly diffuse technology-driven innovations to practitioners around the world. Vinay began his career as a Software Architect and Product Manager at Endeca Technologies, where he worked on complex software engineering problems in the context of the company's core technology platform and analytics products. Vinay completed his BS and M.Eng. degrees in computer science at MIT.
Gardner, said that the physicians are central agents of progress and innovation across their healthcare system. They are going after an incredible opportunity to assemble and leverage the many incongruent silos of data that characterize those physicians and ensure that they are matched to the most valuable opportunities for collaboration in an effort to improve patient care.
The founding team brings expertise from the world of healthcare delivery, healthcare services and business intelligence from companies like Endeca Technologies, Kayak, TripAdvisor and Aster Data.
Highland Capital Partners was founded in 1988. The firm has taken a sector-focused approach to investing in exceptional communications, digital media, healthcare and information technology companies. With more than $3 billion corpus and offices in Geneva, London, Silicon Valley, Boston and Shanghai, they have invested in and worked to create firms such as Ask Jeeves, Avid Technology, CheckFree, Conor Medsystems, Generation Health, lululemon athletic, Lycos, Odyssey HealthCare, OpGen, Qihoo 360, Quattro Wireless, RedBrick Health and many more.
Bob Higgins, General Partner at Highland Capital Partners and a member of Kyruu's Board of Directors, said that they are excited to work such a pioneering team of investors, advisors and entrepreneurs to fill the data void that has existed for too long in healthcare.
Gerson Lehrman Group (GLG) was founded in 1998 and operates 19 offices globally in the America, Europe and Asia. GLG manages the membership-based marketplace for business expertise. The company's clients subscribe to GLG's membership to consult with and learn from more than 250, 000 of the world's leading business experts, members of the GLG Councils. They combine web-based tools, professional services and multimedia to enable our clients and experts to connect with each other to learn and share insights, to broaden professional relationships and to make better decisions.
Venrock is a VC firm with offices in Palo Alto, California, New York and Cambridge. They continue an eight-decade tradition of collaborating with entrepreneurs to establish successful, enduring companies. With a primary focus on technology, healthcare, and energy, portfolio companies have included Adify, Adnexus Therapeutics, Apple Computer, Athenahealth, Centocor, Check Point Software, DoubleClick, Gilead Sciences, Idec Pharmaceuticals, Illumina, Intel, Millennium Pharmaceuticals, Sirna Therapeutics, StrataCom, and Vontu.
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