Welcome!

News Feed Item

Industry Cloud Company Trinity Pharma Adds $4M to Oversubscribed Series A

Healthcare-focused Milestone Venture Partners Supports Strong Demand and Rapid Expansion

WALTHAM, Mass., April 7, 2014 /PRNewswire/ -- Trinity Pharma (http://www.trinitypharma.com), the leading industry cloud provider of data and analytics solutions for healthcare enterprises, raised an additional $4 million in growth capital this week from Milestone Venture Partners, a New York-based venture fund focused on healthcare SaaS investments. Coupled with $15 million Trinity raised last December from Health Enterprise Partners, the combined $19 million Series A investment will enable Trinity to meet strong demand for its platform and accelerate its aggressive growth strategy.

"Trinity solves an incredibly complex and historically expensive problem facing life sciences and healthcare companies: large volumes of disparate data assets must be exploited successfully if a business is going to create significant value," said Todd Pietri, Milestone Co-Founder and General Partner. "Trinity's platform is unique in that it has both a powerful cloud-based data management engine and an elegant mobile user experience."

Milestone's $4 million investment closes out Trinity's oversubscribed $19 million Series A round of funding, which will accelerate investments in product development, sales, delivery, and partnerships. Trinity is enjoying strong demand for its SaaS solution, adding several new healthcare and life science customers in Q1. To meet demand, the company is expanding its Boston headquarters and expects to announce new locations in California and the New York areas soon.

Trinity is the only industry cloud provider of data and analytic solutions to life sciences companies that delivers an end-to-end solution using proprietary and patent pending technology. It introduced the industry's first cloud-based HTML5 mobile analytics application and data integration platform to deliver personalized, data-driven customer analytics. Benefits from leveraging Trinity's solutions include significant operational efficiencies by moving to the cloud and a dramatic increase in insights for commercial business units across the enterprise. These are significant competitive advantages in the data-heavy and dynamic life science and healthcare industries.

"The IT centric approach around data warehousing and business intelligence hasn't changed in decades and, as a result, the people driving the business are now dealing with a lot of pain. The challenge of managing tremendous volumes of data is only growing with the shift in outcomes based healthcare and the demand for differentiated and unique market insight. Traditional methods are simply incapable of addressing the problem," said Zack King Trinity's CEO and Co-Founder. "By leveraging the cloud, our vertically-focused solution turns complex data into insights and analytics at a rate five times faster and at 40% of the costs compared with traditional solutions. We're excited to partner with Milestone and leverage their extensive expertise in this market."

Trinity is headquartered in Waltham Ma, the famous Route 128 technology belt and an epicenter for innovative companies. The company recently relocated its headquarters to the historic Watch Factory campus which spans approximately 400,000 square feet of high tech space along the Charles River waterfront.

About Milestone Venture Partners

Milestone Venture Partners, located in New York City, is an early-stage, information technology venture capital fund with $100 million under management. Milestone has invested in 18 Digital Health businesses, which provide technology solutions to hospitals, physicians, biopharmaceutical firms, payors and consumers. Prior investments include Medidata Solutions, CareGain (sold to Fiserv), Octagon Research Solutions (sold to Accenture), MedPage Today (sold to Everyday Health and Premise Development (sold to Eclipsys).

SOURCE Trinity Pharma

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, showed how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningful f...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.