BData, Inc.
Overview
BData, Inc. is a healthcare data science company focused on maximizing the value of real-world healthcare data. Founded in 2019 and based in Minneapolis, Minnesota, the company aims to enhance patient care through comprehensive data analytics and research networks. BData has raised approximately $4.38 million through various funding rounds, often involving key investors in the healthcare and data sectors. The company was founded by Bart Phillips, who also serves as the CEO.
Recent Developments
- May 2024: BData Inc. secured a Seed funding round, raising $341,686 to further its mission in healthcare data analytics.
- August 2023: The company raised an additional $500,000 in a Seed round, indicating ongoing investor confidence in its business model and growth potential.
- February 2023: BData joined the National Quality Limb Loss & Preservation Registry as an analytic partner. This partnership aims to enhance knowledge about care efficiencies and improvements for individuals with limb loss.
- January 2023: Raised $100,000 through debt financing, demonstrating an active pursuit of financial avenues to support operational and research activities.
- Ongoing: BData continues to expand its data analytics capabilities, focusing on transforming patient and provider data to improve healthcare outcomes. The company's partnerships with healthcare associations position it as a crucial player in healthcare innovation networks.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | Minneapolis, Minnesota, USA |
| Founders | Bart Phillips |
| Revenue | N/A |
| Profits | N/A |
| Key Investors | HealthVerity, Atlas AI |
| Industry | Healthcare Data Analytics |
| Number of Employees | 11-50 |
Early History
BData, Inc. emerged on the healthcare scene in 2019, with a vision to transform how healthcare data is utilized. The company quickly established itself by developing advanced analytics and real-world data networks, primarily in the Minneapolis region. Its foundational phase involved numerous collaborations with healthcare associations, allowing BData to innovate within the healthcare data sector effectively. Initial successes in creating physician-driven research networks laid the groundwork for subsequent expansions.
Company Profile and Achievements
BData focuses on enhancing healthcare data utilization through its Evidence Generation Engine and proprietary analytics software. Their approach centers on creating research networks that connect healthcare providers and associations, facilitating better patient outcomes through shared insights.
- 2019: Official launch and establishment of partnerships with local healthcare associations.
- 2020-2021: Implementation of innovative data registries, enabling comprehensive healthcare data collection and analysis.
- 2022: Expansion into national registry partnerships, enhancing data accessibility for research and development purposes.
- 2023: Secured multiple funding rounds to accelerate technology development and expand market reach. Received recognition for innovative approaches to data science in healthcare settings.
Current Operations and Market Position
BData operates as a strategic partner within the healthcare industry, leveraging its technology to support data-driven decision-making. The company's business model revolves around creating and maintaining robust data networks that empower healthcare providers to improve patient outcomes. As of 2024, BData holds a competitive advantage due to its tailored data solutions and strong industry connections. The company continues to explore new markets and technical innovations to expand its influence and support healthcare advancements.
Conclusion
BData, Inc. represents a significant force in the healthcare data sector, leveraging its expertise and partnerships to drive improvements in patient care. With consistent funding support and a clear strategic vision, the company is poised to expand its operations and enhance its influence in healthcare analytics. Future trajectories likely involve broader collaborations and technological innovations aimed at further transforming the healthcare industry. BData's ongoing commitment to data-driven healthcare solutions positions it as an important player in the industry's evolution.