Veda

Veda

Provides accurate healthcare provider data services

About

VedaData provides accurate and comprehensive healthcare provider data to clients in the healthcare industry. Its main product, VECTYR DATA CURATION, is a database containing over 3.5 million active providers, compiled from more than 100,000 sources. This database is updated and verified using artificial intelligence, ensuring that clients receive reliable information within 24 hours. Additionally, VedaData offers QUANTYM DATA QUALITY SCORING, a service that analyzes and improves the quality of clients' existing databases through validation and reconciliation processes. VedaData stands out from competitors by guaranteeing the accuracy of its data and the speed of its services, while also prioritizing data security through its Smart Automation platform. The company's goal is to provide clients with the most accurate healthcare provider data available, helping them to enhance their business operations.

Company Stage

Series B

Employees

51-200

Industries

Data & Analytics, Cybersecurity, AI & Machine Learning, Healthcare

Total Funding

$50.8M

Headquarters

Madison, Wisconsin

Founded

2015


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Simplify's Take

What believers are saying

  • Legislative pressure increases demand for accurate provider directories.
  • Partnership with Humana enhances Veda's credibility and market reach.
  • Recognition in Gartner's Hype Cycle boosts Veda's industry reputation.

What critics are saying

  • Legislative scrutiny may lead to increased compliance costs for Veda.
  • Partnership with Humana could strain Veda's resources.
  • Rapid growth may lead to operational and scalability challenges.

What makes Veda unique

  • Veda uses AI to update client rosters in under 24 hours.
  • Veda's VECTYR DATA CURATION sources from over 100,000 unique sources.
  • Veda guarantees data accuracy and speed, setting it apart from competitors.

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Growth & Insights
Headcount

6 month growth

10%

1 year growth

5%

2 year growth

3%

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