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AristaMD Raises $11 Million in Series A Financing

Local digital health company AristaMD raised $11 million in Series A financing, the company announced Friday.

The new cash came from San Diego venture capital firm Avalon Ventures with participation from Correlation Ventures.

The funding will go towards commercialization, along with the development of the company’s proprietary referral intelligence platform. The referral platform is designed to reduce the costs and improve access to specialist care by facilitating quick communication between health care providers and specialists.

“Referrals to medical specialists have nearly doubled over the last decade, and that figure is set to double again in the next five years,” said Jay Lichter in a statement, managing director at Avalon Ventures and chairman of the board at AristaMD. “AristaMD’s referral intelligence platform is a unique and innovative solution to improve appropriate patient access and significantly reduce costs.”

AristaMD’s clients range from small rural providers to large county health systems in urban environments, according to an AristaMD news release.

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