McLean, Va.-based Verato, a provider of cloud-based identity matching and master patient index solutions, raised $12.5 million in Series B financing and signed five healthcare organizations as customers.
Bessemer Venture Partners and Columbia Capital jointly led the financing to support Verato's continued growth and to accelerate its technology development.
The five healthcare organizations include a national payer organization, three health information exchanges and a health enterprise with over 20 hospitals and a health insurance division with 3 million members.
Verato said is has tripled its annual recurring revenue.