Kythera Labs Announces $20 Million Funding to Accelerate Growth of its Wayfinder Data Technology Platform
FRANKLIN, Tenn., Nov. 7, 2023 /PRNewswire/ -- Kythera Labs, a leading healthcare technology and data analytics company for the Healthcare and Life Sciences industries, announces $20 Million in Series A and debt financing from BIP Ventures and CIBC. The company will use the funds to support the continued growth and scale of Wayfinder, its data-transforming technology platform, and accelerate the development and adoption of new and existing offerings. Kythera also plans to leverage financing to expand partnerships with industry leaders such as Datavant and Databricks.
- The company will use the funds to support the continued growth and scale of Wayfinder, its data-transforming technology platform, and accelerate the development and adoption of new and existing offerings.
- Kythera Labs' data technology platform, Wayfinder, provides access to real-world healthcare data spanning over 8 years, including over 320 million lives with 29.3 billion encounters.
- Wayfinder corrects, enhances, and adds new dimensions to healthcare data, using a dynamically improving common data model that facilitates data integration.
- Roivant Sciences adopted Kythera Labs' platform and refined analytics to more efficiently and accurately support its pre-commercialization activities.