Verana Health

Verana Health

Assembles and analyzes clinical databases for research

About Verana Health

Simplify's Rating
Why Verana Health is rated
A+
Rated A on Competitive Edge
Rated A+ on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Series E

Total Funding

$280.9M

Headquarters

San Francisco, California

Founded

2018

Overview

Verana Health assembles and analyzes large-scale clinical databases to support physicians and enhance medical research. By partnering with medical associations, the company creates regulatory-grade data platforms that generate valuable medical evidence and insights. Their services are aimed at life science companies and healthcare providers, helping them improve patient outcomes through better evidence generation. Verana Health utilizes big data, analytics, and artificial intelligence to provide actionable insights from its extensive clinical databases. This approach allows life science companies to accelerate research, identify trial patients, and understand the patient experience more deeply. The company earns revenue through partnerships and data services offered to its clients.

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Simplify's Take

What believers are saying

  • Raised $150M in Series E funding to expand data capabilities.
  • Growing demand for AI-driven analytics aligns with Verana's offerings.
  • Decentralized trials increase need for Verana's data management expertise.

What critics are saying

  • Competition from other digital health data companies is increasing.
  • Dependence on medical associations for data access poses partnership risks.
  • EHR system variability challenges data standardization and integration.

What makes Verana Health unique

  • Verana Health manages data from over 20,000 providers and 70 EHR systems.
  • VeraQ™ engine enhances data integrity with AI and clinician direction.
  • Qdata™ offers proprietary, curated datasets for life sciences research.

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Funding

Total Funding

$280.9M

Meets

Industry Average

Funded Over

5 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Parental Leave

Unlimited Paid Time Off

Professional Development Budget

Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

2%

2 year growth

9%
AI Jobs
Jul 30th, 2024
Verana Health Secures $150M, Hiring Remote

Verana Health, a digital health company, secured a $150 million Series E led by JJDC and Novo Growth, with participation from GV, Casdin Capital, Brook Byers, Merck Global Health Innovation Fund, THVC, and Breyer Capital. They are hiring a Senior Data Product Manager to support their DaaS product strategy, requiring candidates to reside in specific states or be willing to relocate. The role involves establishing requirements, gaining stakeholder approval, and collaborating with various teams for timely delivery.

Finsmes
Jan 25th, 2022
Verana Health Raises $150M Series E Funding Round

Verana Health, a San Francisco, CA-based digital health company that delivers quality drug lifecycle and medical practice insights from an exclusive real-world data network, raised $150m in Series E funding. The round was led by Johnson Johnson Innovation – JJDC, Inc. (JJDC) and Novo Growth, the growth-stage investment arm of Novo Holdings with participation [] The post Verana Health Raises $150M Series E Funding Round appeared first on FinSMEs.

TechCrunch
Jan 18th, 2022
Verana Health Closes $150M To Glean More Detail From Electronic Health Records

Verana Health, a company focused on collecting and organizing troves of medical data, announced a $150 million Series E funding round on Friday. This round comes as the company sets its sights on new types of medical data, invests in organizing traditionally messy forms of information (like physician notes) and aims to extract more usable []

VentureBeat
Jan 14th, 2022
Verana Health, Which Unlocks Insights From Aggregated Medical Data, Raises $150M

Verana Health unlocks big data insights by aggregating and anonymizing patient data to expedite the development of new drugs.

PR Newswire
Jan 14th, 2022
Digital Health Leader Verana Health Secures $150M Series E Funding Round

/PRNewswire/ -- Verana Health, a digital health company that delivers quality drug lifecycle and medical practice insights from an exclusive real-world data...

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