Explorys has formed one of the largest healthcare databases in the world, helping medical professionals provide better patient care and diagnoses. Spun off from the Cleveland Clinic in 2009 by Charlie Lougheed and Stephen McHale, Explorys has become one of the world's largest data platforms with over three billion clinical events and partner agreements with major healthcare systems that span over 10 million patients nationwide.

In its short life, Explorys has gotten six major healthcare providers on board, with the likes of Cleveland Clinic, University Hospitals, Summa Health System, MetroHealth and MedStar. These providers use Explorys solutions to discover actionable correlations and trends in treatments and outcomes to improve safety, increase quality, and to create cost efficiencies in delivering care.

"Explorys takes the data and puts it on a larger scale," says Lougheed. "We're changing the game in terms of how we treat populations and sub-populations of patients."

The company has grown to 25 employees. "We plan to double by the end of the year and double again next year," says Lougheed. "It's all in Cleveland and they're all high-tech jobs. We're pretty excited about what we can do in the community. We think we can grow this company into the hundreds in Northeast Ohio."

That growth will be possible thanks to $11.5 million in Series C financing led by Austin Ventures and Foundation Medical Partners, with follow-on investments from Santé Ventures and Cleveland Clinic.

"The validation that came from a group like Austin Ventures in a Cleveland-based company was really fulfilling," says Lougheed. "Others outside of Ohio really do see a good thing happening in this part of the country."

Source: Charlie Lougheed
Writer: Karin Connelly