Smile Digital Health collects C$30m in Series B financing

• The round was led by existing investors, among them UPMC Enterprises
• Smile’s HDF platform allows healthcare providers, payers and IT vendors to build secure, composable and scalable data infrastructures
• The company will use the funds raised to expand its clinical reasoning utility and artificial intelligence and machine learning capabilities

Smile Digital Health, a Toronto-based provider of health data fabric and exchange solutions, has secured C$30 million in Series B financing. The round was led by existing investors, among them UPMC Enterprises.

Founded in 2016, Smile’s HDF platform uses HDF architecture and ONC-compliant, event-driven FHIR APIs to allow healthcare providers, payers and IT vendors to build secure, composable and scalable data infrastructures. It offers a suite of health data, clinical reasoning and marketplace utilities that can support ecosystem-wide data innovation and digital modernization efforts to accelerate healthcare innovation, improve quality of patient care journeys, boost operational efficiencies and reduce costs using intelligent automation implementation strategies.

Smile will use the funds raised to expand its newly acquired clinical reasoning utility and artificial intelligence and machine learning capabilities.

“Our vision for better global health becomes more achievable when we focus on the inherent value of finding innovative ways to efficiently share and use data. Smile Digital Health has seen significant growth in our platform because it does just this. With transformative solutions that can meet companies’ specific needs, we are preparing healthcare providers, payers, researchers and life sciences organizations for a connected future that transcends the capabilities of today’s systems,” said Duncan Weatherston, CEO of Smile Digital Health, in a statement.

Smile’s legal advisors in conjunction with this financing were Davies Ward Phillips & Vineberg.