Friday, January 24, 2020

Reveleer Finds New Funding

Glendale-based Reveleer, a developer of cloud-based software used for managing medical data, has raised a Series C found of financing, the company said this week. The company said the funding was led by Boston Millenia Partners, and also included existing investor Upfront Ventures. Reveleer provides its software to healthcare payers, such as health plans and Managed Care Organizations (MCOs), helping them to manage their risk quality and quality improvement programs. The company said that those companies currently have been battling high operating costs for record retrieval and review. The company said that its platform helps those payers and MCOs with dealing with the challenges of compliance with government programs. Reveleer said that in 2019, it had more than $10M in revenues; the company is led by CEO Jay Ackerman.

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