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Resilient Network Systems, a San Francisco-based security and networking startup targeted at the healthcare industry, has secured more than $5 million in a Series A funding round led by Alsop Louie Partners.
Resilient’s technology is targeted at enabling the transfer of health records and other related information safely and securely over the Internet, CEO Kirk Loevner told me in an interview this week. The company has developed three proprietary software products that make up what it calls a “trust network” to allow healthcare providers to transfer information over the web.
Resilient, which started building its technology four years ago, has thus far funded its operations with angel investment money. The company will use its new backing to expand its development team and move toward full deployment of its products, Loevner said.
Resilient claims its technology gives the company an edge over other players in the medical records transfer space. “We actually have a very unique approach to this problem,” Loevner said. “All the traditional solutions out there trying to do health information exchange are really about point-to-point integrations, which doesn’t scale well on a national level, or Software-as-a-Service approaches, which can have trust and security issues.” With Resilient’s cloud-based distributed network model, each data owner can set the policy around who accesses what information, and the data can be easily brought up for auditing and metering purposes, he said.
According to Loevner, Resilient has built a generalized technology platform that could have applications in media, government, and defense. Resilient decided to focus its efforts on optimizing for the healthcare field because it’s an area sorely in need of tech innovation. “Healthcare is such a huge market, and it’s the most broken when it comes to information exchange,” Loevner said. “It was truly ripe for change.”
Indeed, although the healthcare industry’s adoption of technology is still in the nascent stages, the tech industry has started to take note of the current market opportunity in the space. With America’s aging population bringing a bigger focus on healthcare innovation, more tech startups, and more venture capital investors, are sure to crop up to meet the growing demand to bring hospitals into the 21st century.