Tech startup XpertDox has raised $1 million in a seed round from a group of Birmingham area investors.
XpertDox, located in Innovation Depot, will use the money to improve its technology and add jobs.
The startup uses data to link patients with the best healthcare for their needs. Using a proprietary algorithm, XpertDox says it has mapped more than 6,000 diseases, 4,500 hospitals, 18,000 clinical trials and all one million doctors in the United States.
Dr. Sameer Ather is president and CEO of XpertDox and a cardiologist, researcher and professor at UAB. He called raising the money “a significant milestone for the company.”
“This funding will allow us to continue to invest in the business, enhancing our capabilities to assist patients in finding the best doctor, hospital or clinical trial for their condition,” Ather said.
The $1 million seed round closed in January 2018 and was coordinated by the Birmingham Business Alliance. Jon Nugent, the alliance’s vice president of innovation and technology, said it looks forward to working with the company.
Devon Laney, president and CEO of Innovation Depot, stressed the crucial role of funding in building and keeping companies in Birmingham.
“Locally raised funds for a startup are a sign that our ecosystem is getting stronger and that investors in our own backyard are recognizing the potential of backing our entrepreneurs,” Laney said.