Kiio, a local company that has created HIPAA-compliant software to track rehabilitation efforts following major surgery or illness, has raised $600,000 of a $1 million funding round, according to WisBusiness.com.
The software company hopes to raise the remaining $400,000 over the next two months.
“Our focus is providing our clients with a solution that helps encourage people to partner in their health care to improve outcomes and reduce the cost of care, which is particularly important in today’s value-based payment models,” Kiio President and CEO Dave Grandin said. “The newest round of funds will help accelerate sales and marketing to hospital systems and health insurance companies.”
Kiio closed on other funding rounds in 2012, 2015, and 2016.
