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 aimed toward serving to life sciences firms automate data-intensive workflows. Its AI assistants assist with repetitive, handbook and rote duties throughout scientific and industrial work.
The AI-enabled platform additionally unifies varied codecs of trade knowledge, together with structured tables, PDFs, slide decks and pictures, throughout completely different knowledge sources resembling medical literature, firm data and convention proceedings.
The corporate will use the funds for product enhancements, crew growth and buyer enlargement.
“Each industrial or scientific technique determination is constructed on prime of fragmented, outdated or hard-to-access data,” Samy Danesh, CEO and cofounder of Argon AI, mentioned in a press release.
“We’re constructing Argon to make data as accessible and actionable as your inbox and to free life sciences groups to deal with bringing new remedies to sufferers.”
MARKET SNAPSHOT
Different firms within the knowledge workflow house embody 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 device for handbook and administrative workflows, together with assist with doc knowledge 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 growth 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 drugs, verifying enrollment and checking advantages.
It additionally works with pharmaceutical firms to offer knowledge analytics to assist enhance entry to their therapies.
The corporate used the funds to broaden its Script-to-Remedy Working System, which is able to leverage AI for administrative duties, create a post-prescription workflow, gather knowledge insights and improve collaboration between suppliers’ workplaces.
