1000+ Startup, SME's & Enterprises
May 8, 2020

Owkin raises $25 Million as it Create a Stable Health Care Technology and Analysis Network

Consult Our Experts

Imagine a model of joint research and development between hospitals, pharmaceutical firms, universities, and other scientific organizations where no-one exchanged any real details.

That’s the vision of the New York-based startup Owkin, which has secured $25 million in fresh investment from investors, including Bpifrance Big Company, Cathay Innovation, and MACSF (the French Clinicians’ Pension Fund), alongside previous investors GV, F-Prime Capital and Eight Paths.

The business argues that computer analysts, health physicians, researchers, and pharmaceutical companies will all sign in to the interactive facility Owkin calls the Owkin Lab.

CTA

In this simulated world, both stakeholders can use open data sets and models primarily to optimize their analysis and advancement and studies to ensure that the latest cutting-edge perspectives into emerging biomarkers, intervention mechanisms, and statistical models guide the work being conducted by all interested parties. The ultimate goal is to improve the patient outcomes, the company said.

In the search to persuade more businesses and organizations to open up and exchange knowledge — with the guarantee that data cannot be accessed or exploited in a way that is not allowed by data owners —Owkin replicates research done by other organizations in areas ranging from hospitals to financial management and beyond.

owkins

Qedit, an Israeli firm, has developed similar innovations for the financial services industry and Sympatic, a recent graduate from one of Techstars’ latest batches, is focusing on a related technology for the healthcare field.

Also Read: Autotech Ventures Raises Over $150 Million With a View To Start-Ups in Ground Transport

Owkin is making money by providing direct access to the pharmaceutical firms’ data sets and converting those businesses to the models established by universities. It’s a way for the company to entice researchers to join the platform and provide another revenue stream for research institutions that have seen their funding decline over the last 40 years.

“We have a colossal circle of universities that have admittance to the data and are developing algorithms and allocating data,” said Dr. Thomas Clozel, the company’s chief executive. The investment from the new and existing investors of Owkin takes the company to $55 million in total capital raised by extending its Series A round. In total, $52 million was in the ring, Clozel said. The COVID-19 crisis has demonstrated the need for greater cooperation between different companies and academic organizations, and this has also increased competition for technologies from the organization.

Conclusion:

The company has launched the Covid-19 Open AI Consortium (COAI) and is using its platform to advance collaborative research and accelerate the clinical development of effective treatments for coronavirus-infected patients, the company said.

DisclaimerCTA

Hire Our Development Experts.

    About Author


    Anshul Sharma is the visionary CEO of Fluper, the leading mobile app development company known for its innovative solutions and cutting-edge mobile applications. With a relentless drive for excellence and a deep understanding of the tech industry, Anshul leads Fluper with a focus on delivering value-driven products that transform businesses. Under his leadership, Fluper has become synonymous with quality, reliability, and innovation in the digital space.

    Anshul Sharma

    What Makes Fluper Different?

    Fluper is not an idea but an initiative to bring transformation aided by technology
    Learning with a team of seasoned experts and agile thinkers is a real-life experience.

    15+ Million

    Users Engagement

    Guaranteed

    Project Delivery

    Free

    Business Analysis

    Project

    Penalty Enforcement

    IBM

    Certified Partners

    1000+

    Projects Delivered

    16+ Years of

    Of IT Exposure

    Support

    24*7 Availability
    Our Blogs
         

    Transform Your Business With Insights on Digitalization, Automation, Technology Integration and ICT Trends.

    May, 20.2024

    App Development:

    Android apps that are dangerous for
    you, check now how to be safe!

    Read More

    Client's Testimonial

    We’ve been lucky to collaborate and deliver transformation
    with a long list of overseas clients.

    Their Statements are Proud
    Testaments to our Dedication

    Fluper is the best ICT Company that navigates the digital frontier with unmatched solutions pursuit for excellence. Undoubtedly, there is an intense contribution of agile thinkers and growth facilitators behind the screens of our developing excellence.

    • 4.5/5.0
    • 4.8/5.0
    • 4.9/5.0
    • 4.6/5.0
    • 4.8/5.0
    • 4.9/5.0

    1000+ Startups, SMEs & Enterprises

    Launch your Million Dollar Business Idea Into a Successful Growth Story.
    • Free Marketing

    • 2.5 Year Post Launch Assistance

    • Money Back Guarantee

    • Real-Time tracking & Support

    Schedule Call

    Our Global Presence

    500+

    Startups

    300+

    SMEs

    200+

    Enterprises

    We Built

    1000+

    Brands Globally

    30+

    Countries Served

    Office Address

    C- 142, Sector 63 Rd, C Block, Sector 63, Noida, Uttar Pradesh 201301

    Call Fluper

    IND: +91-959-955-1432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +91-9599551432

    Office Address

    104 Yes Business Tower, Al Barsha 1 Dubai

    Call Fluper

    UAE: +971-54-700-4175

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    Building 1913 2nd Floor, Manama, Bahrain

    Call Fluper

    Bahrain: +973-3222-0548

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +973-3222-0548

    Office Address

    Level 23, Collins Square Tower Five, 727 Collins Street Postcode VIC 3008 Melbourne Oceania Australia

    Call Fluper

    Australia: +61-29-1919-752

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +61-29-1919-752

    Office Address

    120 High Road, East Finchley London, N29ED, Uk

    Call Fluper

    UK: +44-208-089-4432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +44-208-089-4432

    Office Address

    Laneoffice Suite Sarasota florida US.

    Call Fluper

    USA: +1-917-732-2131

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +1-917-732-2131

    Let's Talk!