Israeli Medical Data Startup MDClone Raises $26M in Series B Funding

Israeli healthcare data startup MDClone has raised $26 million in series B funding round led by health-tech venture capital fund aMoon, with additional funding from existing investors OrbiMed Israel Partners and Lightspeed Venture Partners.

The company intends to use the funds to further develop its existing platform and build new products and novel approaches leveraging data across its global network, as well as accelerate sales and marketing efforts.

Founded in 2016 by Boaz Gur-Lavie, Luz Erez, and CEO Ziv Ofek, the company has since expanded to the US where its current clients include Washington University School of Medicine in St. Louis, Intermountain Healthcare and the Regenstrief Institute. Israeli clients include Rambam Health Care Campus, Sheba Medical Center, Tel-Aviv Sourasky Medical Center, Maccabi Healthcare Services, Clalit Healthcare Services, and Assuta Medical Center.

“Every moment of every day there is a missed opportunity to use data to improve healthcare. MDClone's solution unlocks data and with the newly added power of aMoon and continued support from OrbiMed and Lightspeed, we can turn data into a real strategic asset to transform care around the world,” said MDClone CEO Ziv Ofek.

MDClone says its platform democratizes data to the entire healthcare ecosystem, enabling on-demand and self-service access to healthcare data without IT mediators and, using synthetic data, without risk to patient privacy.

At the core of its platform is a healthcare-oriented data lake and discovery tool which, together with MDClone’s patented Synthetic Data Engine, provides a rapid self-service environment for caregivers and researchers to understand any element of the care path for any population of interest. This innovation aims to add speed to data and insights, while fully protecting patient privacy.

“MDClone is resolving one of the greatest challenges in this emerging era of health-tech: centralizing, optimizing and enabling quick and easy access to health data, while preserving privacy and compliance,” said Yair Schindel, MD, Co-Founder and Managing Partner of aMoon. “We are honored to partner with Ziv Ofek and his outstanding team who will upgrade healthcare for millions globally.”