HIPAA Compliant Healthcare Apps now will be feasible as TrueVault Raised $2.5M

Truevault, the social insurance application information security startup that jump started this week out of the latest class of Y Combinator, has shut on $2.5 million in seed financing.

The cash will be utilized to further create Truevault's "database as an administration," which gives a secure API to human services applications to utilize when putting away delicate patient information. Such information security is discriminating for medicinal services new businesses to get consistent with the Health Insurance Portability and Accountability Act (HIPAA) regulations in regards to patient protection. Truevault, which charges its customers $0.001 for every API call, right now has over 300 clients. You can read all the more in-profundity insights about how the administration functions in Techcrunch's prior scope here.

Truevault idea was such a hit at YC Demo Day, that the organization secured completely $2 million of the $2.5 million seed on Demo Day itself ($500,000 of the financing as of recently had been submitted.) According to Truevault fellow benefactor Trey Swann, this was to a great extent conceivable on account of the alleged Handshake Deal Protocol considered by Y Combinator author Paul Graham in March 2013. As stated by Swann, the procedure was perfect: Raising money is not winning. The objective is to get it over with rapidly and come back to work, he said.

Alongside Y Combinator, Truevault's speculators now incorporate Fundersclub, Paul Buchheit, Scorebig organizer Joel Milne, a LLC that incorporates Andreessen Horowitz, General Catalyst, Maverick, and Khosla Ventures, and Immunity Project authors Reid Rubsamen, Naveen Jain, and Ian Cinnamon.