Medical Data Startup MDClone Raises $26 Million

Israel-based medical data management startup MDClone Ltd. announced Thursday the closing of a $26 million series B funding round. The round was led by Israel-based life sciences, healthcare, and technology venture capital firm aMoon, with additional funding from existing investors OrbiMed Israel Partners and Lightspeed Venture Partners, the company said.

Founded in 2016 and based in the southern Israeli town of Be'er Sheva, MDClone develops a system for ensuring patient confidentiality during the analysis of medical data. MDClone’s system generates datasets combining real and fictitious patients, allowing researchers to conduct tests without exposing sensitive medical data and compromising personal details. The company reports clients such as Washington University School of Medicine in St. Louis, American healthcare provider Intermountain Healthcare, Inc., and two of Israel’s largest health maintenance organizations Maccabi Healthcare Services and Clalit Healthcare Services.

MDClone CEO and co-founder Ziv Ofek previously founded patient information company dbMotion Ltd., acquired in 2013 by Nasdaq-listed Allscripts Healthcare Solutions Inc. for $235 million.