Argon Ai has announced that it has obtained $ 5.5 million in seed financing.
Crosslink Capital And Wireframe Ventures went together with De Ronde, with the participation of Y Combinator, Pioneer Fund and other investors.
What it does
Argon AI offers a platform that is aimed at helping life sciences companies can automate data-intensive workflows. The AI assistants help with repetitive, manual and rote tasks in clinical and commercial work.
The platform AI-in-switch also unites different sizes of industry data, including structured tables, PDFs, DIA decks and images, in various data sources such as medical literature, company information and conference procedures.
The company will use the funds for product improvements, team development and expansion of customers.
“Every commercial or clinical strategy decision is built on top of fragmented, outdated or difficult information,” said Samy Danesh, CEO and co-founder of Argon AI, in a statement.
“We are building Argon to make knowledge as accessible and usable as your inbox and to free teams from the life sciences to concentrate on bringing new treatments for patients.”
Market Snapshot
Other companies in the data workflow space include Plenful, a workflow automation platform for pharmacy and health care activities, which in 2024 $ 17 million insured person in Series A-investment less than a year after the launch of $ 9 million in financing.
Plenful offers pharmacy technicians a no-code, AI-enabled automation tool for manual and administrative workflows, including assistance with document data for the income cycle of the pharmacy, referral orders, audit and savings identification.
The company used the funds to scale up its efforts for marketing, sales and product development.
That same year, Samacare, a workflow platform for providers offering specialty medication, announced that it obtained $ 17 million in a written series B investment round.
The company offers a cloud-based workflow automation platform to help providers to obtain prior authorization for special medicines for special medicines, verifying registration and checking benefits.
It also works with pharmaceutical companies to offer data analysis to improve access to their therapies.
The company used the funds to expand its script-to-therapy operating system, which will use AI for administrative tasks, creates a workflow after the reception, collects data insights and improves cooperation between the providers’s offices.
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