MedStack was introduced at a digital health conference
Co-founders Balaji Gopalan and Simon Woodside introduced the concept of MedStack and demonstrated how health data from a wearable device could be surfaced in a compliant and secure cloud interface.
MedStack completed several accelerator programs
In May of 2016, we took part in Dreamit Health, a growth-focused health tech accelerator backed by Independence Blue Cross and Penn Medicine. This experience helped us expand into the U.S. and get our first U.S. customers.
That same year, we completed the
Creative Destruction Lab program in Toronto, in a cohort of high-profile startups, which helped us set product development objectives and sharpen our story, leading to investment from several prominent angel investors.
In 2017, after four whirlwind months in California, we wrapped up our time in the
500 Startups Seed Program with Batch 21’s Demo Day for which we were honoured as a top pick from TechCrunch. Learn more about our 500 Startups experience
here.
Raised $1.8M USD in an Oversubscribed Seed Round
We closed a $1.8M ($2.4M CAD) round led by TELUS Ventures, with ScaleUP Ventures, Panache Ventures and BCF Ventures. Ontario Centres of Excellence added to their existing investment with this round, and several other previous investors doubled down in participation.
Launch of MedStack Control
We publicly launched the beta for our new generation platform, MedStack Control: A complete reinvention of the MedStack experience to be more robust, scalable and powerful for the community of healthtech developers.
Successfully Completed Soc 2 Type 2 Audit
We completed our Service Organization Control (SOC) 2 Type 2 audit, further demonstrating our continued commitment to operating with the highest degree of care and security in managing Personal Health Information (PHI).
MedStack Control API Launch
We announced the general availability release of our MedStack Control API in partnership with our friends at Docker.
Raised $3.1M in an Oversubscribed Pre-Series A Round
We announced the closing of our latest round of funding, a $3.1 million USD oversubscribed round led by existing investors Blu Venture Investors (BVI) and TELUS Ventures, with participation from new investors York IE, Argonautic Ventures, Archangel Network of Funds, MFD Investments, and existing investor Donville- Kent Asset Management.
Achieved Cyber Essentials Plus Certification
We received our Certificate of Assurance from Cyber Essentials Plus, a UK government-backed and industry-supported certification that confirms our organization meets the required operational security standards in the UK.
MedTech Breakthrough “Best Patient Data Security Solution” Award
MedStack was selected as the winner of the “Best Patient Data Security Solution” award in the sixth annual MedTech Breakthrough Awards program, conducted by an independent market intelligence organization that recognizes the top companies, technologies and products in the global health and medical technology market.
Launch of AWS on MedStack Control
MedStack gives developers the ability to layer on their choice of cloud provider to automatically satisfy healthcare regulations and industry compliance requirements.
MedStack Named G2 Momentum Leader
MedStack was named a Momentum Leader in the Healthcare Compliance category by G2, the world’s largest and most trusted software marketplace.
