Udo announces $20M in funding and launches first app
Farmington — Udo LLC (www.Udo.com), one of the newest and fastest-growing tech companies in Utah, today announced the official launch of its new video-based healthcare collaboration app. The company also announced initial funding of $20 million from a network of private investors, many of whom are associated with the healthcare industry.
“Udo will add to Utah’s growing health tech sector, creating jobs for engineers, copywriters, and more. We wish Udo success as they continue to grow.”
The initial funding will be used to scale the company’s first product, Udo Care. Udo Care is a HIPAA-compliant, video-based mobile app that allows providers to interact directly with their patients. Patients can also add their family members or loved ones to the conversation. This technology also allows providers to communicate and collaborate seamlessly with other providers, with additional context to make faster, better decisions for the patient. Udo Care will improve communication and efficiencies in healthcare and create better outcomes of care for the patient.
“Udo Care is intended to universally collaborate across all healthcare sectors, industries, and institutions, emphasizing the importance of connecting people in the moments that matter most. This empowers providers with immediate access to the most relevant information, in context, to ensure better patient outcomes,” says Udo co-founder and chief product officer, Dr. S. Ryan Facer.
Since its inception in 2019, Udo has grown from 4 to 63 employees and operates out of its headquarters located in Farmington, Utah, north of Salt Lake City. Many of Utah’s most influential political figures have visited Udo’s headquarters, including executives from the Governor’s Office of Economic Opportunity (Go Utah), US Senator Mike Lee, Utah Congressman Blake Moore, Utah Speaker of the House Brad Wilson, and Utah Senate President Stuart Adams.
Earlier this month, the Governor’s Office of Economic Opportunity awarded Udo with tax incentive credits totaling $2.87 million over the next five years, showing their confidence in Udo’s potential to bring job growth and economic opportunities to Utah.
“This expansion is a big win for Davis County,” says Dan Hemmert, the Office of Economic Opportunity’s executive director. “Udo will add to Utah’s growing health tech sector, creating jobs for engineers, copywriters, and more. We wish Udo success as they continue to grow.”
Danny Frasure, Udo co-founder and CEO, notes the exceptional speed of Udo’s progress since its inception. “Udo is progressing rapidly, even by Utah’s technology standards. We intend to create as much benefit for the Utah community and economic ecosystem as we possibly can. This commitment of support from the Governor’s Office of Economic Opportunity will be a significant aid to our ability to reach our highest potential while maintaining our company headquarters in Utah.”
The Udo Care apps for patients and providers (“Udo Care Provider” and “Udo Care Patient”) are now available for download on the Apple and Android app stores.