Argon AI has introduced it secured $5.5 million in seed funding.
Crosslink Capital and Wireframe Ventures co-led the spherical, with participation from Y Combinator, Pioneer Fund and different traders.
WHAT IT DOES
Argon AI provides a platform geared toward serving to life sciences corporations automate data-intensive workflows. Its AI assistants assist with repetitive, guide and rote duties throughout scientific and business work.
The AI-enabled platform additionally unifies varied codecs of trade knowledge, together with structured tables, PDFs, slide decks and pictures, throughout totally different knowledge sources similar to medical literature, firm info and convention proceedings.
The corporate will use the funds for product enhancements, crew growth and buyer growth.
“Each business or scientific technique choice is constructed on prime of fragmented, outdated or hard-to-access info,” Samy Danesh, CEO and cofounder of Argon AI, mentioned in a press release.
“We’re constructing Argon to make data as accessible and actionable as your inbox and to free life sciences groups to deal with bringing new remedies to sufferers.”
MARKET SNAPSHOT
Different corporations within the knowledge workflow area embody Plenful, a workflow-automation platform for pharmacy and healthcare operations, which in 2024 secured $17 million in Collection A funding lower than a yr after launching with $9 million in funding.
Plenful provides pharmacy technicians a no-code, AI-enabled automation software for guide and administrative workflows, together with assist with doc knowledge entry for pharmacy income cycle, referral orders, auditing and financial savings identification.
The corporate used the funds to scale its advertising, gross sales and product growth efforts.
That very same yr, SamaCare, a workflow platform for suppliers providing specialty treatment, introduced it secured $17 million in an oversubscribed Collection B funding spherical.
The corporate provides a cloud-based workflow automation platform to help suppliers in acquiring prior authorization for specialty drug medicines, verifying enrollment and checking advantages.
It additionally works with pharmaceutical corporations to offer knowledge analytics to assist enhance entry to their therapies.
The corporate used the funds to increase its Script-to-Remedy Working System, which is able to leverage AI for administrative duties, create a post-prescription workflow, accumulate knowledge insights and improve collaboration between suppliers’ workplaces.
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