Health tech startup spins out of Univ. of Washington, aims to make surgery more efficient with data science – GeekWire
The University of Washington added yet another startup to its growing list of spinouts Monday: Perimatics, a health technology company that offers data science-based software solutions for hospitals.
The company was co-founded by Kalyani Velagapudi, a Microsoft vet and founder of Bellevue, Wash.,-based analytics and data consulting firm Winigent, and Bala Nair, a UW professor who invented the company’s Smart Anesthesia Manager (SAM). Velagapudi serves as the company’s CEO and Nair is the chief solutions architect.
Perimatics’ goal is to help hospitals increase profit margins and patient outcomes by using tools rooted in data science. Their tools focus on perioperative care, or any care surrounding a surgery, including patient recovery.
SAM is one example of those offerings: The system analyzes a patient’s health metrics in real-time during surgery and helps doctors make decisions that have a big impact on a patient’s health when they are recovering. The company is licensing the SAM technology from UW.
Perimatics has raised a $1 million seed investment from Winigent, Velagapudi told GeekWire in an email interview. It is also partnering with Microsoft for Startups, the tech giant’s startup assistance program, and has added Microsoft for Startups General Manager Jim Brisimitzis as an advisor.
“The healthcare industry is on a path to reinvent itself due to ever-changing government policies, demands for higher patient care, and an influx of new innovations and technology,” Brisimitzis said in a statement. “From my first meeting with them, I saw an opportunity with Perimatics that I knew would enable a digital transformation of patient care platform for the future.”
The company’s other tools are Periop Optimizer, which uses machine learning algorithms to help hospitals organize surgical room use, and Periop Insights, which analyzes patterns in patient data.
Perimatics spun out of CoMotion, the university’s “collaborative innovation hub.” Over the past decade, CoMotion has helped incubate more than 126 startups.
“CoMotion’s Innovation Development team helped the research team bridge the gap between research and spinout through support ranging from validation of the technology through licensing to beta-users, to proof-of-concept funding from the CoMotion Innovation Fund and a Coulter Foundation grant, as well as licensing support, and access to expert advice,” CoMotion Executive Director Vikram Jandhyala said in a statement.