Funding Round attributes
1m, a New York City-based data and analytics technology company, has secured $10 million in Series A funding. The financing round comprised $7.3 million in venture funding and $2.7 million from converted securities. Leading the investment was Banner Health, with additional participation from Cleveland Clinic, Stanford Health Care, St. Charles Health System, Carle Foundation, and First Derivative Capital. As part of this investment, representatives from Banner Health and Cleveland Clinic will join 1m's Board of Directors.
Co-founded by former Goldman Sachs healthcare investment bankers Jeff Ellis and Chris Giuliano, 1m has developed a Software-as-a-Service (SaaS) platform designed to assist healthcare systems in managing financial, operational, and regulatory risks. The platform integrates data analytics and monitoring tools into existing risk management workflows, providing timely decision support and anomaly detection.
