IBM has invested in Modernizing Medicine of Boca Raton, capping a $20 million financing round for the electronic medical records and data company begun by entrepreneur Daniel Cane.
The amount from IBM was not disclosed.
Modernizing Medicine has raised $49 million since its founding in 2010.
The company has been working with IBM Watson for more than a year. The new investment will help Modernizing Medicine expand its market from dermatology to eight medical specialties. It also will further develop schEMA, a mobile app that leverages the cognitive computer power of Watson to give physicians clinical information at the point of patient care, the company said.
The app is designed to analyze massive amounts of published, peer-reviewed medical data and health-care research to help physicians in their practice.
mpounds@sunsentinel.com or 561-243-6650
Excerpt from:
Modernizing Medicine gets investment from IBM
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