US-French health startup Owkin has raised $70 million in its Series A round from the likes of Alphabet’s GV, F-Prime Capital, Mubadala Capital, and Bpifrance, a French investment bank.
It extended the round by raising $18 million in June. It’s raised a total of $73 million to date, including seed money.
Owkin’s unique approach to healthcare data allows scientists to learn from each other’s research without actually sharing it with each other.
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Health startup Owkin has raised a $70 million funding round from the likes of Alphabet’s GV, F-Prime Capital, French investment bank Bpifrance, and Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund.
Owkin is a French-American startup that deploys AI and federated learning for medical research. Pharmaceutical companies can use an algorithm to search rival companies’ data without revealing any commercial advantage by using Owkin’s blockchain platform.
The startup has extended its Series A round a couple of times, most recently to raise $18 million from Mubadala and Bpifrance. In May, another extension won the company $25 million from Cathay Innovation and MACSF, GV, F-Prime Capital, and Eight Roads. To date, it’s raised $73 million counting seed money, Owkin told BI.
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Source:: Businessinsider – Tech