ArborMetrix is preparing to move to a new home in downtown Ann Arbor, taking space next to Google's office on Liberty Street. The move is expected to help accelerate the start-up's growth, which is on track to be exponential.
The health-care software firm has hired 17 people over the last year, mostly new employees in business development, clinical project management and sales. The company now has a staff of 28 employees and two interns and has its sights set on employing 60 people by the end of the year.
"We're fighting for space here," says Brett Furst, CEO of
ArborMetrix. "We want to create a destination that will attract talent."
Helping fuel growth is a newly closed Series B round of funding worth $7 million. ArborMetrix closed on a $1.5 million Series A round two years ago. The money will go toward expanding the company's staff and expanding its sales and marketing operations so the firm can go national.
The seed capital will also help ArborMetrix improve its software platform. The start-up offers real-time clinical performance analytics tools for hospitals. The platform helps healthcare providers and payers to improve the quality, safety and cost-effectiveness of surgical and other specialty care.
"We provide the clinical evidence so hospitals and surgeons can make better decisions," Furst says.
Source: Brett Furst, CEO of ArborMetrix
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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