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The San Francisco-based firm has fashioned unique knowledge partnerships with a variety of notable medical associations, together with the American Academy of Ophthalmology, the American Academy of Neurology, and the American Urological Affiliation, to combination and analyze anonymized affected person knowledge and expedite the event of latest medication. It additionally claims to work with quite a few multinational pharmaceutical corporations and “rising biotechnology and biopharmaceutical corporations.”
AI meets well being care
Verana Well being has two core merchandise — the VeraQ platform, which is pitched as a well being knowledge engine that connects disparate, unfiltered healthcare knowledge; and Qdata, that are knowledge units derived from VeraQ for illnesses together with ophthalmology, neurology, and urology. The Verana Well being platform makes use of pure language processing (NLP) and machine studying to “protect the integrity of the unique scientific context” of a healthcare supplier’s notes and inputs — primarily, making sense of unstructured textual content knowledge in digital well being data (EHRs).
Based initially as DigiSight Applied sciences again in 2008, the corporate rebranded as Verana Well being again in 2018 alongside a $30 million funding led by Alphabet’s enterprise capital arm GV. With a contemporary $150 million within the financial institution, Verana Well being stated that it plans to double down on its product improvement and “broaden its knowledge footprint” by means of constructing extra partnership with the medical and well being care fraternity.
For its sequence E spherical, Verana Well being has attracted a slew of big-name strategic and institutional buyers, together with lead backers Johnson & Johnson Innovation and Novo Progress, in addition to GV, Casdin Capital, Brook Byers, the Merck International Well being Innovation Fund, THVC, and Breyer Capital.
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