WhizAI Secures $ 8 Million Series A Funding

  • WhizAI recently announced that it has raised $ 8 million in Series A funding. Those are the details.

WhizAI, the first and only augmented consumer platform specifically designed for the life sciences industry, recently announced that it has raised $ 8 million in Series A funding. Vertical Venture Partners has led this round and investors. existing also participated. This latest round of funding brings the total amount raised by the company to more than $ 15 million.

WhizAI is transforming the way the world’s largest pharmaceutical companies use analytics to increase top line and reduce top line. And they help large and mid-sized pharmaceutical companies reduce their total cost of ownership by roughly 50% while modernizing and streamlining existing analysis systems through intelligent automation. And they also empower business users in sales, business operations, marketing, R&D, and the supply chain with contextual, actionable information without months of waiting time and complex software requiring technical skills. high level. Additionally, they help improve business results by identifying key opportunities, eliminating operational inefficiencies, and streamlining the analytics ecosystem.

KEY QUOTES:

“We are fundamentally changing the way analytics are done in the life sciences by helping our customers keep pace with large-scale data, on-demand analytics and timely insights. The future of analytics is augmented via AI to enable everyone to be guided by the information. We are delighted that our investors share this vision and support us in fulfilling our mission. We will use this investment to expand our presence in the United States and Europe and invest in all aspects of the business. “

– Rohit Vashisht, co-founder and CEO, WhizAI

“BI is another horizontal platform technology that needs to evolve into a specific vertical technology for customers to take full advantage of it. Predictive and prescriptive analytics, the next phase of BI customer value, cannot be fully realized without a vertical approach. This shift from horizontal platforms to vertical solutions is the central theme of our venture capital fund. This vertical approach combined with a strong management team with extensive BI experience makes it an ideal investment for vertical business partners.

– David Schwab, Founder and Managing Director of Vertical Venture Partners

Source link

About Margie Peters

Check Also

Rupifi Raises $ 25 Million in Serie A Funding Round

Fintech start-up Rupifi has raised a funding round of $ 25 million from Bessemer Venture …