page contents Verana Health, which unlocks insights from aggregated medical data, raises $150M – The News Headline

Verana Health, which unlocks insights from aggregated medical data, raises $150M

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Verana Well being, a virtual well being corporate that leverages huge information insights to improve scientific analysis, has raised $150 million in a chain E spherical of investment.

The San Francisco-based corporate has shaped unique information partnerships with a lot of notable scientific associations, together with the American Academy of Ophthalmology, the American Academy of Neurology, and the American Urological Affiliation, to mixture and analyze anonymized affected person information and expedite the improvement of recent medicine. It additionally claims to paintings with a large number of multinational pharmaceutical firms and “rising biotechnology and biopharmaceutical firms.”

AI meets well being care

Verana Well being has two core merchandise — the VeraQ platform, which is pitched as a well being information engine that connects disparate, unfiltered healthcare information; and Qdata, that are information units derived from VeraQ for illnesses together with ophthalmology, neurology, and urology. The Verana Well being platform makes use of herbal language processing (NLP) and device finding out to “maintain the integrity of the unique scientific context” of a healthcare supplier’s notes and inputs — necessarily, making sense of unstructured textual content information in digital well being information (EHRs).

Based first of all as DigiSight Applied sciences again in 2008, the corporate rebranded as Verana Well being again in 2018 along a $30 million funding led through Alphabet’s mission capital arm GV. With a recent $150 million within the financial institution, Verana Well being mentioned that it plans to double down on its product building and “make bigger its information footprint” thru construction extra partnership with the scientific and well being care fraternity.

For its sequence E spherical, Verana Well being has attracted a slew of big-name strategic and institutional traders, together with lead backers Johnson & Johnson Innovation and Novo Enlargement, in addition to GV, Casdin Capital, Brook Byers, the Merck International Well being Innovation Fund, THVC, and Breyer Capital.

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