DURHAM – Biospatial Inc., a Durham-based health and safety data company, has raised more than $1.8 million in equity from 25 investors.
It’s taken a while.
According to an SEC filing, Biospatial has been raising the funding since March.
The startup is working toward building a national network of data partners and operational users to support public health preparedness, enable informed emergency response and strengthen national security.
The cloud-based platform includes intuitive, web-based interfaces to enable users to visualize data, generate reports, and control user access.
It is audited annually to certify compliance with HIPAA, HITRUST, and SOC2. Users cannot access raw data unless granted permission by data owners.
The company previously raised funds in two different rounds: $500,000 in 2019 and $1.1 million in 2018.
Biospatial uses large-scale data to improve things like population health and safety, treatment of opioid use and overdose, and traffic safety.
The company is led by Paul Runkle, Biospatial’s CEO and co-founder.
Runkle previously worked for BAE Systems, a British multinational defense, security and aerospace company that employs over 85,800 people in more than 40 countries.