Certify, a data intelligence company, announced it secured $40 million in a Series B funding round led by Transformation Capital, bringing the company’s total raise to $69 million.
General Catalyst and Upfront Ventures participated in the round with support from SemperVirens.
WHAT IT DOES
Certify provides health plans and digital health firms with an end-to-end provider network management platform, which includes credentialing, automated network monitoring, licensing and roster management.
The company will use the funds to boost product growth, engineering and go-to-market efforts, with the aim of meeting market demand.
“Provider data is a foundational element of healthcare. When that data is inaccurate or fragmented, it creates friction that prevents patients from accessing care, overwhelms providers with administrative work and drives up costs across the system,” Anshul Rathi, CEO and founder of Certify, told MobiHealthNews.
“With this funding, we will accelerate our efforts to modernize a critical part of healthcare infrastructure and help every stakeholder operate with greater clarity, consistency and confidence.”
MARKET SNAPSHOT
In 2024, Certify launched RosterOS, which enables both delegated entities and health plan teams with the aim to streamline provider roster management.
Also last year, Certify joined the Salesforce App Exchange, an online marketplace that offers pre-integrated apps aimed at enhancing Salesforce’s functionality.
According to the company, the integration allows Certify users to sync their data with Salesforce to allow for information flow across both platforms.
In 2022, Certify raised $14.5 million in Series A funding, which it used to strengthen its automation software for clinician credentialing, licensing and enrollment.
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