Actualité - Innovation

OWKIN Raises $11M to Accelerate AI-Driven Discovery in Healthcare

01/17/2018

OWKIN closed an $11 million Series A funding round, led by Otium Venture with participation from Cathay Innovation, Plug and Play and NJF Capital, bringing total financing to $13.1 million in one year. OWKIN is planning to use these funds to scale OWKIN Socrates, their data-driven discovery platform, and expand the scope of their organization, both internally and externally.

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Predictive analytics company OWKIN announced an $11 million Series A funding round, led by Otium Venture, with participation from Cathay Innovation, Plug and Play, and NJF Capital.

OWKIN’s flagship platform, OWKIN Socrates, is intended for pharmaceutical researchers at the preclinical and clinical trial phases, and it is also used by hospital physician-researchers. OWKIN Socrates uses machine learning-based modeling to analyze molecular and imaging libraries as well as patient datasets, with the goal of uncovering complex biomarker patterns that cause disease. Unlike other platforms, OWKIN Socrates uses transfer learning, a type of artificial intelligence that focuses on the ability of a machine algorithm to improve learning capacities on a given dataset through previous exposure to a different one.

OWKIN will use the funds to scale its iplatform, cultivate high-value partnerships with leading healthcare organizations, and fuel internal growth.

Institut Curie was amont the first centers to collaborate with OWKIN