Mark Cuban Makes $760K Investment in Personalized Health Company Validic

Proquest LLC

Validic, an API platform that connects personal health data to the healthcare system, announced the closing of an investment round of $760,000 led by Dallas Mavericks owner Mark Cuban.

According to a release, monitoring individual wellness is traditionally a costly yet necessary process. By simplifying data collection, Validic opens new doors for remote patient monitoring and preventative healthcare. Validic connects healthcare organizations including hospitals or health insurers with individual health data recorded via mobile apps and devices ranging from the Nike Fuel Band to in-home blood pressure monitors.

"The market for mobile health apps and devices will grow from 97,000 to over a million by 2020," says CEO and co-founder Ryan Beckland. "Our vision is to make it easy for healthcare providers, wellness programs and health insurers to integrate the data from those sources so they can better care for and service their patients."

"Personalized health is the future of healthcare," says Mark Cuban, "and with the explosive growth of new mobile apps and devices coming on the market, Validic solves a fundamental problem of integrating all those new innovations into the healthcare system. I'm very excited for the future of Validic and the mobile health space."

Viverae, a health management platform and early Validic customer, recently contracted with Validic to integrate their data feeds into Viverae's Health Management System platform. Viverae President and COO, Mike Lamb, states, "Integrating with a vendor like Validic has really allowed Viverae to offer much more extensive member engagement in the fast-growing mobile health market."

Validic is an API platform that connects mobile health apps and devices to the healthcare system.