MILPITAS, Calif.--(BUSINESS WIRE)--Sikka Software, the leading retail healthcare cloud platform, raised its Series C funding of $10.5 million led by OrbiMed with participation from its Series B investor, Sierra Ventures and Series A investor, ATA Ventures. This new capital will further accelerate Sikka to scale sales and marketing and continue its rapid growth across key practice areas.
“OrbiMed is impressed with the Sikka team and what they have accomplished to date and we are excited about their future prospects. Sikka brings significant value to all of its ecosystem partners as they enhance practice economics, improve both the quality of care and the service experience for patients and provide suppliers a more efficient and effective way to reach clinicians and patients,” Steve Yecies, Venture Partner at OrbiMed said.
Sikka is revolutionizing the field of retail healthcare software by providing the Sikka Platform Cloud which is seamlessly connected to over 400 combinations of practice management and financial systems covering over 96% of the dental, veterinary, audiology and optometry markets and provides a single application programming interface that anyone can build apps on. The company began with a simple vision, to help healthcare providers and small offices optimize their businesses via a series of easy-to-use cloud based applications through the Sikka Platform Cloud.
“Sikka Software is an emerging leader in the non-physician, non-hospital marketplace which is very large and underserved. With over 14,700 installations we continue to grow in dental, audiology, veterinary, optometry and adjacent markets in both the United States and worldwide,” Vijay Sikka, CEO and founder of Sikka Software said.
Since 2011, Sikka has achieved the following milestones:
- Cloud platform with 32 apps for over 14,700 practices in dental, veterinary, hearing and vision, servicing more than 34,000 doctors and 17 million active patients.
- Processing over 1 billion interactions each day with customers including payments, claims, patient communications, receivables, supplies, lab services, patient financing and more.
- $4.8 billion of transactions processed in 2014 through the rapidly growing Sikka ecosystem.
- Steve Yecies, will join Sikka Software’s Board of Directors which consists of, Mark Fernandes, Managing Director of Sierra Ventures; Vishal Sikka, CEO of Infosys; Hatch Graham, Managing Director of ATA Ventures; and Vijay Sikka, CEO of Sikka Software.
About Sikka Software
Sikka Software Corporation is revolutionizing the retail healthcare industry via its platform cloud, analytical tools, apps and big data leadership. The retail industry includes over 2.1 million providers worldwide and over 600,000 in the United States. Sikka Platform Cloud allows seamless compatibility to over 96% of the dental, veterinary, vision care and hearing care markets in the United States. Sikka Software Corporation has over 14,700 installations and is experiencing strong growth and market presence in the retail healthcare big data space. For more information, please visit www.sikkasoft.com.
About OrbiMed
OrbiMed is a leading investment firm dedicated exclusively to the healthcare sector, with approximately $15 billion in assets under management. OrbiMed invests globally across the spectrum of healthcare companies, from venture capital start-ups to large multinational companies. OrbiMed's team manages a series of private equity funds, public equity funds, royalty/debt funds and other investment vehicles. OrbiMed maintains its headquarters in New York, with additional offices in San Francisco, Shanghai, Mumbai and Herzliya.
