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 buyers.
WHAT IT DOES
Argon AI gives a platform geared toward serving to life sciences corporations automate data-intensive workflows. Its AI assistants assist with repetitive, handbook and rote duties throughout scientific and business work.
The AI-enabled platform additionally unifies varied codecs of business information, together with structured tables, PDFs, slide decks and pictures, throughout completely different information sources comparable to medical literature, firm data and convention proceedings.
The corporate will use the funds for product enhancements, group improvement and buyer growth.
“Each business or scientific technique resolution is constructed on prime of fragmented, outdated or hard-to-access data,” Samy Danesh, CEO and cofounder of Argon AI, stated in an announcement.
“We’re constructing Argon to make information as accessible and actionable as your inbox and to free life sciences groups to concentrate on bringing new therapies to sufferers.”
MARKET SNAPSHOT
Different corporations within the information workflow house embrace 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 gives pharmacy technicians a no-code, AI-enabled automation software for handbook and administrative workflows, together with assist with doc information 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 improvement efforts.
That very same yr, SamaCare, a workflow platform for suppliers providing specialty remedy, introduced it secured $17 million in an oversubscribed Collection B funding spherical.
The corporate gives 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 supply information analytics to assist enhance entry to their therapies.
The corporate used the funds to broaden its Script-to-Remedy Working System, which can leverage AI for administrative duties, create a post-prescription workflow, gather information insights and improve collaboration between suppliers’ workplaces.
