Human API, an American health data start-up, has raised nearly $10m in funding from Guardian Life Insurance Company and SCOR Life & Health Ventures.
Besides Guardian Life and SCOR, the funding round was also joined by BlueRun Ventures and SciFi VC.
The California-based company plans to use the capital for growth and expansion of its health data aggregation platform.
Using its technology, Human API gathers and connects medical data from various sources including EHR systems, labs, pharmacies, wearables and health apps onto one platform.
Levering this pooled data, the healthcare providers and insurance carriers can enhance patient safety besides controlling costs by replacing medical tests and improving underwriting models.
SCOR Global Life deputy CEO Brona Magee said: “SCOR Global Life seeks to extend protection and peace of mind and to make life insurance more accessible, relevant and desirable to consumers.
“We look to build solutions with our insurance clients that enable them to provide their customers with a simpler, faster buying experience.
“This partnership with Human API supports our efforts to accelerate the underwriting process through electronic health data and automated decision making.
“Human API is in a unique position to transform health data exchange and create innovation opportunities across the healthcare and insurance ecosystem.”
At the end of 2018, Guardian Life selected Amazon Web Services (AWS) as its preferred cloud provider to reduce its data centre footprint.
Under the agreement, the insurance company will migrate majority of its workloads to Amazon’s cloud platform for improved agility, reliability, and functionality.
The American mutual insurance firm will gradually transfer its production workloads to AWS, including mission-critical functions such as data analytics platforms, customer portals, and direct-to-consumer services.
Migration on the AWS’ platform has enabled Guardian to shut down its data centres and slash IT operating expenditure.
Additionally, the underwriter is transferring its newly purchased businesses to the cloud to get rid of legacy infrastructure and technical debt.
Guardian first moved its targeted production workloads to AWS. It then collaborated with AWS to set up an enterprise readiness programme to facilitate smooth transition from on-premises to the cloud.
AWS will also provide a training facility for Guardian’s employees to develop advanced digital capabilities.