Osage University Partners was among the participants in a round led by Ignition Partners that will help KenSci further develop its machine learning technology.
US-based healthcare information technology startup KenSci secured $8.5m in a series A round featuring spinout-focused venture capital fund Osage University Partners (OUP).
Venture capital firm Ignition Partners led the round, with fellow VC firm Mindset Ventures also taking part. OUP has partnered more than 80 research institutions to invest in their companies and share profits.
KenSci, a spinout of Washington University’s Center for Data Science, has designed technology that uses machine learning to help predict clinical, financial and operational risk, helping to discover patients’ optimum future care needs.
The funding will be used to accelerate progress of KenSci‘s machine learning application and expand its operations.
Samir Manjure, chief executive and co-founder of KenSci, said: “The challenge in healthcare analytics is not in the lack of data but in the ability to connect and combine data meaningfully to unearth patterns and predict risks.
“Legacy systems of records have created walled gardens, unwittingly causing poor health outcomes and creating an upward spiral in healthcare costs.
“As our customers have come to trust us with their advanced data science needs, they are asking us for more machine learning solutions and more integrations. This investment will help us serve them better across the care and cost spectrum, enabling them to fight death with data science.”
