附近上门

Health technology company , headquartered in Burlingame, California, on Monday announced its largest funding to date: $167 million in Series D funding.

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Color focuses on population-scale health care programs and clinical testing, developing infrastructure and software so that large populations can receive essential health care services, such as telehealth and testing for preventative care and infectious disease management, directly where they live or work, Color co-founder and CEO told 附近上门 News.

鈥淲e are in an important phase of health care in the country, and the pandemic brought that into focus, even though public health was an issue before the pandemic,鈥� Laraki said.

The Series D includes a the company raised back in January 2020, Laraki said. It brings its total financing to $278 million and gives Color a valuation of $1.5 billion. Prior to this round, the company raised an round in 2017, according to 附近上门 data.

Existing investors , and funds and accounts advised by Inc., led the round with participation from , the company said.

Health care is one of the biggest sectors of the economy and accounts for the biggest gap between cost and the value we get, Laraki said. In addition, while most of our lives are entrenched in technology, the fundamental delivery of health care has not changed much.

“The biggest function is increased access, and that has not yet happened in health care,鈥� he added. 鈥淚t is high-time for big change.鈥�

The investment will be used to continue developing the public health technology and infrastructure for customers, which include governments, schools and local employers that serve large populations, Laraki said.

Meanwhile, Color is working mainly in California and Massachusetts and is also rolling out vaccine delivery systems to state and local governments and employers. Laraki said one of the biggest challenges to health care is scaling and logistics.

鈥淲e are very involved with larger public health initiatives around managing the COVID crisis and exit, investing in employers bringing back workers and schools bringing teachers and students back in,鈥� Laraki said. 鈥淲ith the vaccine rollout, we have a big role to play in the last mile, so we are spending a lot of time on that.鈥�

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