Healthtech platform Aetion raises $36.4M to hire engineers and others

April 11, 2018
Aetion-funding
image via shutterstock

To those not in the healthcare industry, the term “value-based care” can seem like a given. People might assume that prescribing medications with a proven track record is just the way healthcare professionals operate.

In reality, however, this kind of transparency and data analysis is a challenge — and one that healthtech platform Aetion just raised $36.4 million to overcome.

Founded by Harvard Medical School faculty members and a big data pioneer, the software encourages collaboration between providers and medical device/biopharmaceutical companies so they can share insights and ultimately provide better care for patients.

The company is headquartered in NYC, with additional offices in Boston and L.A. The new round of funding will be used to expand the NYC and Boston teams, with a focus on the product, science, engineering and client delivery departments.

“By using our patented rapid-cycle analytics technology, Aetion’s customers are able to analyze real-world evidence to identify, for example, which drugs work best, for whom and when."

Product innovation is another focus for the company, as it plans to use the investment to build out the platform to further support specific and complex therapeutic areas.

“By using our patented rapid-cycle analytics technology, Aetion’s customers are able to analyze real-world evidence to identify, for example, which drugs work best, for whom and when,” CEO Carolyn Magill said in a statement. “These insights lead to lower costs and better outcomes.”

The Series B round was led by New Enterprise Associates (NEA) and Amgen Ventures, with participation from existing investors Flare Capital Partners, Lakestar and Oxeon Ventures. As part of the deal, NEA’s Mohamad Makhzoumi will join the Aetion board of directors.

Aetion was founded in 2013 and has raised close to $50 million to-date.

Jobs at Aetion8 open jobs
All Jobs
Data + Analytics
Dev + Engineer

Boston startup guides

LOCAL GUIDE
Your Guide to the Best Tech Companies to Work for in Boston
LOCAL GUIDE
Inside the Best Software Engineer Jobs in Boston
LOCAL GUIDE
Tour the Coolest Tech Offices in Boston
LOCAL GUIDE
Inside the Best Sales Jobs in Boston
LOCAL GUIDE
Your Guide to the Best Perks at Boston Tech Companies
LOCAL GUIDE
Your Guide to E-commerce in Boston
LOCAL GUIDE
Your Guide to Harvard Startups
LOCAL GUIDE
Your Guide to MIT Startups
Developer Jobs
View 454 jobs
Design + UX Jobs
View 64 jobs
Marketing Jobs
View 96 jobs
Product Jobs
View 56 jobs
Sales Jobs
View 155 jobs
Data Jobs
View 51 jobs