VEDA Data Solutions closed a $5M Series A
Summary
Cofounded about five years ago by astronomer Dr. Bob Lindner and political entrepreneur Meghan Gaffney Buck, VEDA runs a platform that uses AI and machine learning to increase accuracy of healthcare directories. “I am thrilled to announce that VEDA is beginning 2020 with capital to grow our platform, veteran healthcare leaders to shape our strategy, and a newly granted patent in our portfolio,” said Gaffney Buck in a statement. “We believe that new technologies can help patients connect with providers, while lowering administrative costs that weigh down the U.S. healthcare system.” In October, the startup also welcomed Bryant Hutson, an experienced health tech pro, as its head of growth. “VEDA’s purpose driven-AI enables health plans to save millions on administrative overhead and invest more in keeping patients healthy,” said Empactful Capital Operating Partner Peter Andruszkiewicz in a statement. “It is the kind of transformative technology I wish was available when I was running a health plan.” As part of this deal, Andruszkiewicz, Mark Bakken from HealthX Ventures and David Devereaux, a senior advisor to The Margolin Group, will join VEDA’s board of directors.
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