Healthcare data science company EnsoData raises $550K

EnsoData

Healthcare data science company EnsoData has closed $550,000 funding round led by HealthX Ventures, a new Madison based venture capital fund focused on digital health solutions. The funding will be used for working capital, and to grow the sales and data science teams.

Founded in 2015 by two University of Wisconsin-Madison graduates, the company provides machine learning enabled software-as-a-service to create actionable, clinical insights from the ever-growing amount of data being collected by wearables, medical devices, and clinicians. Its first product, EnsoSleep, combines core machine learning technology with thousands of patients of sleep data to automate the scoring of sleep studies.

“This funding will help get our product into clinicians’ hands as quickly as we can, so they can spend more time assisting patients directly, and less time analyzing their data”, Chris Fernandez, CEO and cofounder of EnsoData, said in a statement.

According to the American Academy of Sleep Medicine, 80 to 90 percent of adults with sleep apnea remain undiagnosed. If left untreated, sleep apnea can lead to a number of health problems including high blood pressure, stroke, diabetes, depression, and is estimated to double a patient’s medical expenses. EnsoSleep helps providers extend their existing resources to reach more patients, leading to the diagnosis of more sleep apnea cases which would otherwise go untreated.

EnsoData recently completed the fellowship program of startup incubator Y Combinator, and was a recent alumnus of Gener8tor’s gBETA program.