TrueVault Raises $2.5M To Make It Easy For Healthcare Apps To Be HIPAA Compliant

TechCrunch

TrueVault , the healthcare app data security startup that launched this week out of the most recent class of Y Combinator , has closed on $2.5 million in seed funding.

The money will be used to further develop TrueVault’s “database as a service,” which provides a secure API for healthcare apps to use when storing sensitive patient data. Such data security is critical for healthcare startups to become compliant with the Health Insurance Portability and Accountability Act (HIPAA) regulations regarding patient privacy. TrueVault, which charges its clients $0.001 per API call, currently has over 300 customers. You can read more in-depth details about how the service works in TechCrunch’s earlier coverage here.

I’m told that the TrueVault concept was such a hit at YC Demo Day, that the company secured fully $2 million of the $2.5 million seed on Demo Day itself ($500,000 of the funding already had been…

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