What you should know:
– Sorcero, a provider of medical and technical linguistic intelligence (LI), today announced the closing of a $ 10 million Series A financing round led by CityRock Venture Partners and Harmonix Fund. The round also included participation from Rackhouse, Mighty Capital and Leawood VC, and joined previous investors, Castor Ventures and Worldquant Ventures, to meet growing demand from new and existing clients.
– Sorcero’s linguistic intelligence platform combines the power of the largest linguistic models with the precision of industry ontologies to deliver the next generation of advanced analytics for medical and technical content. The total addressable market (TAM) is large and rapidly growing, estimated at $ 42 billion for life science analysis, $ 8.6 billion in clinical analysis and $ 122 billion to increase the workforce. biomedical work
Previous experience of the founder
The founding team has extensive experience in transforming global markets, positively impacting billions of lives, and managing leading innovation organizations. Co-founder and CEO Dipanwita Das has built international public health platforms that have been used to inform over 3 billion health outcomes in 20 countries. Co-founder and CTO, Walter Bender, created and ran the Massachusetts Institute of Technology (MIT) Media Lab, invented personalized content, and created the category of netbooks. Richard Graves, Co-Founder and Chief Commercial Officer, has co-founded and increased revenues for data science-driven startups from $ 0 to over $ 200 million. As a team, Sorcero’s founders and their senior executives represent an exceptional and seasoned group of leaders and technologists with a proven track record in building a business.
“We could not be more grateful for securing the resources to empower more decision makers in the life sciences field and ultimately improve patient outcomes,” said Dipanwita Das, CEO and co -Founder of Sorcero. âThis investment allows us to better define the linguistic intelligence market, strengthen our ability to serve more clients and extend the domain expertise of our team. “