Ketryx raises $14M in Series A funding led by Lightspeed Venture Partners
BOSTON, Dec. 5, 2023 /PRNewswire/ -- Ketryx, provider of the first and only connected application lifecycle management software for the life sciences industry, today announced that it has raised $14 Million in Series A funding. The round was led by investor Lightspeed Venture Partners, with participation from existing investors including MIT's E14 Fund and Ubiquity Ventures, bringing the total funding raised to date to over $18 Million. Lightspeed partner Guru Chahal will join the board. The new funds will be used to accelerate product development and commercial expansion.
- The round was led by investor Lightspeed Venture Partners, with participation from existing investors including MIT's E14 Fund and Ubiquity Ventures, bringing the total funding raised to date to over $18 Million.
- The healthcare industry is embracing software and its promise to improve patient outcomes, including the power of Artificial Intelligence/Machine Learning (AI/ML).
- Quality assurance is becoming more complex as software and AI rapidly permeate the healthcare industry," said Ketryx founder and CEO Erez Kaminski.
- Ketryx uses its own software to build and release FDA-compliant cloud-based validated software regularly—the promise that has attracted so many early customers.