Madison healthcare IT startup Redox won a prestigious award at a national healthcare technology conference this week.
Redox, which helps app developers get access to electronic health records and health systems manage their connections to the cloud, beat out nearly 100 startups to win a pitch competition at Health 2.0, a leading healthcare technology conference in San Francisco.
“It’s great — Health 2.0 is a big thing, so it’s great to have recognition from it,” said Redox co-founder Niko Skievaski. “We’ve had a few second places under our belt, so it was good to get the win. Especially in Silicon Valley.”
Redox came in second in the Greater Madison Chamber of Commerce’s Pressure Chamber event in August. They were also a runner-up in a pitch competition at Medical World Americas, an industry conference held in Houston in April.
Skievaski said Redox has received an influx of new business inquiries since winning the Health 2.0 competition.
Last year’s winner of the competition, MediSafe, closed a $6 million fundraising round earlier this year.
“That’s an important feather in their tap,” said Matthew Holt, co-chairman of Health 2.0, of Redox’s win. “It’s validation. It’s motivation from smart people that they’re on the right track.”
The competition, which was geared toward companies nearing Series A fundraising rounds between $2 million and $15 million, was judged by leading venture capitalists and angel investors.
In the wake of the win, Redox will begin enrollment in their third startup accelerator program on Monday.
Skievaski couldn’t disclose the name of the accelerator, but said Redox looks forward to the opportunity for more networking and mentorship connections from the program.
Redox has already completed accelerator programs at DreamIt Health in Baltimore, which is supported by Johns Hopkins University, and TMCx, an accelerator at Texas Medical Center in Houston.