Health systems-backed Truveta closes $95M to fund its data analysis platform

Truveta added Baylor Scott & White Health, MedStar Health and Texas Health Resources to its laundry list of health system backers. Now 17 systems strong, the newly launched startup said it will be using their investments to make new hires and fund its budding big data platform.

Truveta is governed by its health system members, which have said that any earnings they receive from their stake in the startup would be reinvested in their surrounding communities.

The partners have pointed to COVID-19 as an example of how the U.S. health system greater data flow and streamlined medical research. They also highlighted the platform’s opportunity to advance health equity by bringing together a wider set of patient data for underrepresented demographics.