Costa Mesa’s CerraCap invests in Silicon Valley healthcare platform

Costa Mesa venture firm CerraCap Ventures has invested in Sunnyvale-based diagnostic SaaS Somnoware Healthcare Systems.

CerraCap, which invests in early-stage cyber security, advanced analytics, and healthtech companies, did not disclose its investment amount in Somnoware.

Cap Ventures’ founder and CEO Saurabh Ranjan said the firm is bullish about Somnoware’s “revenue traction and large iconic client base” as the platform expands.

Somnoware was founded in 2016 and is developing a web-based platform that siloes datasets between over 100 different medical devices, enabling faster patient screening and diagnosis, company officials said.

“Healthcare systems realize now more than ever that workflow automation and access to meaningful data is vital to improving healthcare outcomes and reducing costs,” Somnoware founder and CEO Subath Kamalasan said. “This is why we see increasing demand for a platform that enables healthcare systems to integrate systems and devices, consolidate data, and proactively engage with patients to improve care.”

The investment from CerraCap Ventures “will accelerate Somnoware's expansion into new markets and boost adoption of our platform by healthcare systems nationwide,” Kamalasan added.