Health

Medical knowledge administration firm Flywheel scores $22M



Analysis knowledge administration platform Flywheel introduced it had raised $22 million in Collection C funding.

The spherical was led by 8VC with participation from buyers together with iSelect, Argonautic Ventures, Beringea, DrX/Novartis, HPE Pathfinder, Spike Ventures, Key Investments, Seraph and Nice North Labs.

“We’re extremely excited in regards to the alternatives forward, as we speed up the transformation of bioinformatics and analysis with the Flywheel platform. We’re grateful for this assist that may permit us to assist extra healthcare and analysis organizations deal with science and innovation, whereas counting on us to handle and curate their knowledge and supply the analytical instruments they should really speed up discovery,” Jim Olson, CEO of Flywheel, mentioned in a press release. 

WHAT IT DOES

Flywheel supplies a cloud-based platform in order that researchers can extra simply collaborate in addition to curate, handle and analyze their knowledge.

WHAT IT’S FOR

The corporate mentioned the capital from the Collection C spherical supported their just-announced acquisition of St. Louis-based Radiologics.

“Collectively, we’re going to assist pace the event of scientific trials, get to discovery sooner, and cut back wasted time and assets alongside the best way. We understood the great alternative to convey collectively Flywheel’s and Radiologics’ experience for the development of medical analysis,” Radiologics CEO Dan Marcus, PhD, mentioned in a press release. Marcus shall be chief scientific officer on the mixed group. 

“I’m thrilled that our mixed firm will proceed to serve the analysis group by means of open supply and enterprise informatics options.”

MARKET SNAPSHOT

The brand new financing spherical comes months after a $15 million Collection B increase was introduced in February. 

Different firms within the scientific knowledge administration house embrace Aetion, Datavant, Verana Well being and OM1



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