Komodo Health today reported its acquisition of Mavens, a pioneer in cloud-based innovation arrangements. The acquisition unites Komodo's Healthcare Map™ and programming suite with big business applications from Mavens, making the most progressive information driven, venture stage for healthcare and life sciences. This arrangement will empower clients to all the more productively and consistently put life-saving treatments under the control of patients who need them most. Arrangement terms were not revealed.
“This acquisition disrupts the status quo, unlocking a fundamentally different opportunity for life sciences companies to gain access to differentiated insights through technology,” said Arif Nathoo, MD, CEO and co-founder of Komodo Health. “Purchasing fragmented and costly data assets, custom solutions and expensive consulting projects will be a thing of the past as Komodo Health delivers a seamless, data-driven platform across R&D, Commercial, Medical Affairs and Patient workflows.”
“Customers will benefit from our cloud-based enterprise platform that offers access to a suite of software solutions powered by our industry-leading Healthcare Map,” added Web Sun, President and co-founder of Komodo Health. “This will revolutionize the value that healthcare and life sciences companies can now realize.”
“We are excited to join forces with Komodo Health to create a next-generation solution for the industry,” said Prasad Kanumury (PK), founder and CEO of Mavens. “Together, we will transform the way life sciences companies support patients and providers, ultimately reducing the burden of disease across the globe. This raises the bar and changes the expectations of the entire healthcare ecosystem.”
Together, Komodo and Mavens will grow their product abilities, fueled by experiences from Komodo's Healthcare Map™ - which tracks in excess of 320 million de-recognized patient excursions. As the business shifts toward a patient-focused information model, venture healthcare organizations can end their dependence on heritage information aggregators. The acquisition will likewise quicken Komodo's worldwide extension, as Mavens at present works in the U.S., U.K. what's more, India.
The acquisition of Mavens additionally goes ahead the impact points of proceeded with monetary interest in Komodo Health, which brought $44 million up in Series D subsidizing drove by ICONIQ Growth. Past financial specialists Andreessen Horowitz, Oak HC/FT, IA Ventures, Felicis Ventures, and McKesson Ventures all partook in the round. This financing will quicken Komodo Health's capacity to extend its Healthcare Map, stage, and arrangements and further quicken its central goal to decrease the worldwide weight of sickness.
“We have long admired Komodo’s achievements and we believe the company’s unique approach has finally linked robust patient journey data with crucial workflows to achieve greater efficiency and better outcomes in healthcare,” said Caroline Xie, General Partner, ICONIQ Growth. “With the acquisition of Mavens, Komodo extends its strategy deeper into the life sciences enterprise and remains well capitalized to accelerate its impact across the entire healthcare ecosystem.”
About Komodo Health
Komodo Health believes that smarter, more innovative use of data and analytics is essential for reducing disease burden. We apply artificial intelligence and other advanced data science techniques to our first-of-its-kind Healthcare Map™, which tracks the unique patient journeys of over 320 million patients. We empower a multitude of healthcare stakeholders – life science companies, healthcare payers and providers, patient advocacy groups, and others – to create a more cost-effective, value-driven healthcare system.
Mavens is the pioneer in building trusted software products and implementing cloud-based technology to help biotech, rare disease, and specialty pharma companies navigate the challenges of commercialization. The company was founded by two Salesforce alumni – Prasad Kanumury (PK) and Billy Ho – with a simple goal to demystify and unlock the power of cloud technology for life sciences. The Mavens team has designed, built, and implemented globally compliant software in life sciences for more than 13 years.