Healthcare app data security startup TrueVault has managed to close $2.5 million in seed funding. The new funds will be used to further develop the company’s “database as a service,” which provides a secure API for healthcare apps to use when storing sensitive patient data.
The extra security is required for healthcare startups to become compliant with the Health Insurance Portability and Accountability Act (HIPAA) regulations regarding patient privacy.
TrueVault’s investors include Y Combinator, FundersClub, Paul Buchheit, ScoreBig founder Joel Milne, an LLC that includes Andreessen Horowitz, General Catalyst, Maverick, and Khosla Ventures; and Immunity Project founders Reid Rubsamen, Naveen Jain, and Ian Cinnamon.
TrueVault charges its clients $0.001 per API call; it currently has more than 300 customers.