Komodo raises $44 million and acquires Mavens to bring data-driven insights to life sciences

published 11.01.2021 17:05

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“By infusing Komodo’s health care map into the powerful enterprise applications Mavens offers today, we will bring the next generation of AI and ML-powered insights to improve both provider and patient engagement,” Komodo CEO and cofounder Arif Nathoo told VentureBeat.

Founded out of San Francisco in 2014, Komodo ingests data from millions of interactions patients have with the medical industry daily — spanning hospitals, insurers, pharmaceutical firms, and more — to create a dynamic map of the whole health care system.

Komodo Health, a company that is meshing big data, AI, and analytics to create a digital map of the U.S. health care system, announced that it quietly secured a $44 million cash injection last year in a series D round of funding led by Iconiq.

By applying AI and machine learning (ML) techniques to the data, Komodo Health’s cloud-based platform can help derive key insights, such as why a particular demographic is more prone to certain diseases, or help biopharmaceutical companies find patient populations to trial a new therapy.

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