AdaptX, a Seattle-based startup started by an anesthesiologist seeking to improve patient care with better insights from healthcare data, raised an additional $6 million in a Series A funding round led by Vulcan Capital.
The company, founded as MDMetrix, also changed its name to AdaptX to reflect its broader goals in adaptive clinical management.
The idea is to help healthcare providers and systems use data from electronic medical records to inform and adjust what they do, aiming to improve outcomes such as financial results and racial equity in addition to quality of care.
“Our customers are seeing sweeping improvements in the efficiency, effectiveness, and quality of care,” said Dr. Dan Low, the company’s chief medical officer, in a news release announcing the funding. Low’s challenges accessing data as an anesthesiologist at Seattle Children’s Hospital originally inspired the company.
Proceeds from the $6 million funding round will be used to make key hires and continue developing the company’s technology, driven by artificial intelligence, said Warren Ratliff, the AdaptX CEO.
The company has raised a total of more than $11 million in funding. It employs about 20 people, with several open positions, Ratliff said.
All of its previous institutional investors participated in the new round, including Founders’ Co-op, Arnold Venture Group, WRF Capital, and Alumni Ventures Group.
