Altarum Leads $1 Million Investment Round in Cielo MedSolutions



Altarum, the nonprofit health system research institute and Cielo MedSolutions, a healthcare software startup, today jointly announced the formation of a multifaceted strategic alliance.

As the cornerstone of the new arrangement, Altarum is serving as the lead investor in Cielo's current round of financing, providing $500,000 of a $1 million total round finalized this week. Other investors in this round are the Michigan Pre-Seed Capital Fund - which announced a $250,000 investment this week - and Automation Alley, the Southeast Michigan economic development agency, whose $250,000 investment in Cielo was announced earlier this year. As part of the alliance, Cielo has relocated its offices to Altarum's Ann Arbor, Michigan headquarters building. Altarum and Cielo have also signed a multi-year, exclusive, teaming agreement to collaborate on government-funded projects that align with the research, technical and consulting strengths of the two organizations.

"Altarum solves complex systems problems in health care by integrating research, technology, analysis and consulting skills," said Linc Smith, Altarum president and CEO. "Our interest in Cielo MedSolutions is based on their innovative technical approach to using Web-based software to improve clinical quality (



Altarum Leads $1 Million Investment Round in Cielo MedSolutions