Briya, a comprehensive healthcare data exchange platform, recently concluded a successful Series A funding round, securing $11.5 million. This latest round brings their total funding to an impressive $17 million. Leading the charge in this investment was Team8, with continued support from existing investors Insight Partners, Amiti Ventures, and Innocare Health Investments. Notably, the George Kaiser Family Foundation has also joined in this funding endeavor.
Empowering Healthcare Data Exchange
Briya’s primary objective is to redefine how data flows between healthcare and life sciences organizations, with a particular focus on fortifying the United States’ healthcare ecosystem. Their adaptable data exchange platform equips hospitals to harness the potential of their patient data effectively. This platform has already made significant inroads, with implementations in healthcare systems and academic institutions, predominantly across Europe and Israel.
Efficiency and Collaboration Through Data
Dr. Jawed Nawabi, a radiology specialist at the Institute of Neuroradiology at Charité – Universitätsmedizin Berlin, praised Briya’s data platform. He emphasized how it enables rapid access to critical clinical and radiological data from various sources, significantly enhancing efficiency in clinical research. The platform’s decentralized approach, stringent data security, and transparent data processing enhance collaboration within international research networks. This not only bolsters interoperability but also elevates data quality.
Briya’s platform acts as a bridge, connecting clinics and hospitals with academic and pharmaceutical research teams. It directly tackles the fundamental challenges associated with healthcare data collection and exchange. This secure data exchange empowers hospitals to leverage their health data efficiently, ensuring compliance with all regulatory standards. Simultaneously, it offers life sciences organizations effortless access to high-quality, de-identified real-world data, expediting therapy development and reducing time-to-market.
Briya employs blockchain technology to standardize electronic health records. This innovation streamlines the access and exchange of live, anonymized healthcare data for life sciences organizations. It serves as a foundation for the optimal utilization of AI and machine learning tools, real-world data, and health economics studies. This synergy enhances clinical trials, reinforces regulatory compliance, and accelerates drug discovery processes.
A Timely Investment
The timing of this funding announcement underscores the immense value Briya provides by facilitating efficient healthcare data exchange. It empowers healthcare organizations, researchers, and pharmaceutical companies to seamlessly share real-world healthcare data, propelling advancements in the field.
In summary, Briya’s successful funding round is a testament to its commitment to revolutionizing healthcare data exchange and enhancing collaboration across the industry.
Briya, a healthcare data exchange platform, secures $11.5 million in funding, bringing its total funding to $17 million. This investment will support Briya’s mission to transform data exchange in healthcare, particularly in the United States. The platform connects healthcare organizations with research teams, streamlining data exchange and compliance. Using blockchain technology, it standardizes electronic health records and enhances clinical trials and drug discovery. The funding reflects confidence in Briya’s ability to revolutionize healthcare data exchange.
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