×

Castlight Health

What
Provider of health care transparency technology to employers, lowering the cost of health care and providing individuals with unbiased pricing and quality information for health care purchases.

Disrupting
Health care industry pricing model, driving cost down and care quality up through increased transparency.

Source: Castlight

Headquarters: San Francisco
CEO: Giovanni Colella
Year Founded: 2008
Number of Employees: 200
Funding: $181 million
Key Investors: Maverick Capital, Oak Investment Partners, Redmile Group, U.S. Venture Partners, Venrock, Morgan Stanley, Wellcome Trust and T. Rowe Price

Vital Stats

  • Castlight is on track to become one of the fastest-growing SaaS (software as a service) companies in history
  • On target for goal of 10 times growth in total bookings from 2011 to 2013
  • Four times year-on-year growth in net new bookings in first quarter of 2013
  • Fourteen of the company's 50 customers are in the Fortune 500
  • Percentage of personal bankruptcies with medical cause: 62 percent
  • The same exact procedure can cost seven times as much in one U.S. location as in another
  • Health care costs rising 8 percent a year for companies, 10 percent a year for individuals
  • $750 billion a year wasted by companies on health care
  • America spends $8,233 per capita on health care, the most of any industrialized nation

On Disruption

"Disruption is a marathon that takes passion, bravery and stamina to solve old problems in new ways." -Giovanni Colella, CEO

Tech

Latest Special Reports

  • Top States 2016

    CNBC's annual study measures all 50 states on more than 60 different metrics.

  • People walk amongst aircraft exhibited on the tarmac during the opening of the International Paris Airshow at Le Bourget on June 15, 2015.

    The International Paris Air Show is celebrating its 52nd anniversary this year with the big movers and shakers in the aerospace and defense industry all attending the event.

  • International business and political leaders gather in Dalian, China for the 2017 instalment of the World Economic Forum’s Annual Meeting of the New Champions.