QuantHealth Receives $15 Million in Series A Financing

QuantHealth, an AI-powered clinical trial design startup, has received investment led by Bertelsmann Investments and Pitango HealthTech, with participation from existing investors Shoni Top Ventures and Nina Capital. The startup announced that it has raised a $15 million Series A funding round. Previous investors include Boston Millennia Partners, Atooro Fund and Renegade Ventures. QuantHealth has also received $20 million in external financing to date.

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Breakthrough Technology from QuantHealth

More than 90 per cent of medicines undergoing clinical trials do not reach the market. And this amounts to a waste of $50 billion every year. This is because there are huge gaps in the research needed to support clinical trials! QuantHealth bridges these gaps by simulating trials at scale to accelerate, reduce risks and optimise drug development. For QuantHealth's groundbreaking technology A massive dataset of 350 million patients, vast biomedical knowledge graphs and a proprietary AI technology trained with clinical trial data can predict trial outcomes with 86 per cent accuracy. QuantHealth proudly supports many large pharmaceutical companies, numerous biotechs, CROs and other industry partners.

QuantHealth's Series A funding round comes after the company announced its expansion into the US market, with a number of executive appointments including David Dornstreich as Chief Commercial Officer and Co-Founder Arnon Horev as Chief Strategy and Operations Officer. The new funding will be used for commercial expansion, product development and the expansion of the platform beyond clinical trials into new use cases, including regulatory support and early R&D.