sikka.ai is a healthcare startup that has been reimagining the retail healthcare market since its establishment in 2004. The company's slogan "Optimizing the Business of Healthcare™" reflects its ambitious goal of utilizing a single API cloud platform with Artificial Intelligence and Predictive Analytics to transform the industry. Its primary focus is on non-physician practices, including dentistry, veterinary, optometry, chiropractic, orthodontics, oral surgery and more. With over 34,000 practice installations on its platform, Sikka targets businesses where the owner is also the primary skilled worker, aiming to assist them in digitizing their practices and making real-time, optimized decisions. Sikka's API and cloud platform have a wide reach, connecting to 96% of the retail healthcare market, including practice management systems and financial software. The company has developed 50 apps with partners (including Fortune 500 companies) and Sikka-built apps. Currently, Sikka is connected with more than 200,000 providers and 119 million patients, and its user base is growing at a rate that is more than doubling every year. The company envisions becoming a global, real-time marketplace that connects and empowers patients, providers, and suppliers. This is significant given that the market it addresses comprises over 4 million providers, with total services spending of more than $260 billion per year. The startup recently secured a $4.20M Series D investment on 31 July 2019, underscoring investor confidence in its potential for growth and innovation. Although the specific investors of this round are not disclosed, the backing from previous rounds indicates that Sikka has managed to garner support from notable entities. With its unique positioning and rapid expansion in the healthcare technology space, Sikka.ai emerges as an intriguing prospect for investors seeking exposure to the evolving landscape of healthcare and SaaS.
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