ScienceIO Raises $8M in Seed Funding
Summary
ScienceIO, a Boston, MA-based data science company focused on healthcare, emerged from stealth with $8m in seed funding. Backers included Section 32, Sea Lane Ventures and investors and entrepreneurs like Lachy Groom and Josh Buckley. The company will use the funding to: • continue expanding its machine learning repositories and healthcare AI capabilities, upgrading its NLP capabilities and advancing programs with key healthcare systems, • grow its engineering, product and commercial teams, and Led by CEO Will Manidis, Thiel Fellow and former managing partner of Dorm Room Fund, and President and COO Gaurav Kaushik, PhD, former lead of real world data products at Foundation Medicine, ScienceIO uses AI to help healthcare providers and payors organize large amounts of patient data, improve workflows and deliver patient outcomes. The company’s AI-powered technology turns this unstructured data into usable information for professionals across the U.S. healthcare system without compromising patient privacy. By using contextual cues to identify and link biomedical terms to larger concepts, a single line of code can discern every medical procedure, condition, therapy, biomarker and more.