Milwaukee Journal Sentinel

Redox raises $9 million.

- GUY BOULTON

Redox, a Madison software company, announced Tuesday that it has raised $9 million from investors.

The company, founded in 2014 by three former employees of Epic Systems, has developed a platform that makes it easier for applicatio­ns to tie into systems for electronic health records.

The most recent round of financing was led by RRE Ventures and included existing investors .406 Ventures, HealthX Ventures and Flybridge Capital Partners.

Redox, which employs about 30 people, previously raised $3.5 million from venture capital firms in 2015.

The company’s software makes it easier for applicatio­ns to exchange informatio­n with electronic health records, what is called “interopera­bility.”

Typically, that is a time-consuming chore because the systems for electronic health records are configured differentl­y. As a result, the applicatio­ns often have to be customized for each health system.

Redox’s platform bridges the two.

By connecting to its platform, a health system can have access to more than a hundred applicatio­ns that require little or no tweaking.

At the same time, the health systems that are part of Redox’s network are a readymade market for applicatio­n developers and save them from the potential chore of having to customize their applicatio­ns for each customer.

Redox’s platform can exchange data with three dozen different vendors of electronic health records as well as work with other informatio­n systems, said George McLaughlin, Redox’s creative director.

“Redox has reached a key inflection point in attacking an enormous problem in health care,” Raju Rishi, general partner at RRE Ventures, said in a statement. “The proliferat­ion of health care applicatio­ns promises better data, better patient care and better outcomes.”

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