Broomfield-based MedAware Systems raises $1 million

BROOMFIELD — MedAware Systems Inc., a startup in Broomfield that has entered the health-care information services sector, has raised $1 million in equity funding, its third round, according to documents filed Friday with the Securities and Exchange Commission.

The 2-year-old privately held company, which was in stealth mode until March, has a cloud-based subscription service that reduces the time a physician or patient spends searching volumes of clinical research and standardizes them in order to provide fast and accurate evidence-based treatment information.

MedAware’s system is based on the life’s work of founder and chief science officer, Dr. Zung Vu Tran, a bio-statistician. The service is designed to eliminate cumbersome, time-consuming and inaccurate keyword searches with accurate database queries using patient profile-specific and disease-specific filters, according to the company’s website.

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“Our goal is to make research data on evidence-based treatments and outcomes widely accessible, and more easily and quickly understood,” Tran said in a prepared statement issued earlier this year.

“This kind of in-depth information will significantly facilitate the dialogue between patient and provider as it relates to evidence-based treatment options,” he added.

The company filed an international patent, covering 60 claims on its intellectual properly, and it is field testing the beta version of the software application.

The company previously raised funding rounds of $500,000 and $200,000, according to SEC documents.