Healthcare data exchange platform, Briya, has successfully raised $11.5 million in a Series A funding round. The funding will enable Briya to roll out its blockchain-based platform in hospitals across the United States. Leading the round was Team8, with participation from existing investors Insight Partners, Amiti Ventures, Innovate Health Investments, and the George Kaiser Family Foundation.
Briya’s platform aims to revolutionize healthcare data exchange by standardizing electronic health records and streamlining their distribution. The platform utilizes a combination of artificial intelligence, machine learning, real-world data, and health economic studies to optimize clinical trials and ensure regulatory compliance.
Having already been implemented in healthcare systems and academic institutions in Europe and Israel, Briya plans to use the new funds to target the US health ecosystem. The company has developed an end-to-end solution that handles every step of the data sharing process between healthcare and life sciences organizations. This includes tasks such as discovery, formatting, de-identification, securing data transfer, as well as operational hurdles like contracting, payments, and approvals.
Dr. Jawed Nawabi, a radiology specialist at the Institute of Neuroradiology at Charité – Universitätsmedizin Berlin, expressed the benefits of implementing Briya’s data platform, stating that it significantly increased productivity by allowing the retrieval of relevant clinical and radiological data from multiple sources in a matter of seconds. He also emphasized how the decentralized approach, combined with enhanced security and transparency in data processing, can improve interoperability, quality, and cooperation within multinational research networks.
This recent funding round is a testament to the growing recognition of the importance of efficient and secure healthcare data exchange. With Briya’s platform expanding into the US market, the future of data sharing in the healthcare industry looks promising.
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