Big Cloud Analytics scores $4.5 million for predictive analytics, population health, Internet of Things tech
Big Cloud Analytics, an Atlanta-based startup that offers real-time predictive analytics technology for the Internet of Things, has raised $4.5 million in its first round of funding.
The goal, company executives said, is to make healthcare simple and easy to understand, which will help enterprises better manage their population’s health.
Through its proprietary COVALENCE Analytics Platform, BCA provides what the company calls disruptive end-to-end solutions comprising both software and hardware.
COVALENCE provides insights for population behavior and health. It securely takes in large amounts of data in real time for up to millions of users and displays the data on dashboards in a way that is easy to understand, BCA executives said.
BCA’s big data technology is designed to help life and health insurers, scientists and pharmaceutical companies conduct clinical trials. The technology can also help memory care professionals who work in assisted living facilities and organizations that help seniors age in place. The data can also be put to work by helping employers’ wellness professionals gain insights.
COVALENCE also provides individual views on the dashboard that makes it possible for individuals to get a better and more analytical view into their own health.
BCA develops solutions for smart watches, wearables, health and other connected devices in 29 countries, working closely with global distribution partners such as Intel, CDW and Grupo Datco, and customers like Merck, MLC Life Insurance and other health and life direct insurers and reinsurers.
The series A round of funding, led by Edison Partners, along with support from both existing and new investors, will help BCA expand global sales, boost its marketing efforts and develop new functionality for enterprises and their consumers.
Joe Allegra, general partner of Edison Partners, has joined the BCA board of directors.
“Along with our other investors, their support validates our business model and will allow us expand existing solutions and to roll out new solutions quickly and more efficiently," J Patrick Bewley, CEO of BCA, said in a statement.