Economy

A healthcare startup has raised $30 million for its 'Sophia' AI

A healthcare startup has raised $30 million for its 'Sophia' AI”

By enabling the rapid adoption of genomic testing worldwide, turning data into actionable clinical insights, and sharing knowledge through its community, SOPHiA GENETICS is democratizing Data-Driven Medicine to save lives.

A biotech offering artificial intelligence that can diagnose diseases by mining hundreds of thousands of patients' DNA data has completed a $30m (£22.6m) fundraising, backed by names including United Kingdom venture capital giant Balderton Capital.

The Swiss-based company, which has operations in Cambridge, has signed up more than 330 hospitals in 53 countries, including nine in the United Kingdom, and its software is used to diagnose more than 8,000 patients a month.

Sophia Genetics cofounder and CEO Jurgi Camblong told Business Insider that the funding will be used to hire more staff and further develop the company's software, which costs hospitals between $50 (£38) and $150 (£113) per patient. That's why the company provides its software-as-a-service (SaaS) platform to hospitals anywhere around the world - it needs participation from as many hospitals as are willing to sign up.

Sophia Genetics envisages a time when every medical interaction will begin with a genomic test that is corroborated with other patients' health records. It hopes to pave the way "for the new era of efficient personalized medicine", with itself at the forefront. "As diagnostic kits and sequencers become cheaper and more powerful, we believe that there is an opportunity to build the defining software layer on top of these technologies in genomics, just as Windows did for PCs and Android has for smartphones, and SOPHiA GENETICS is already leading in this field", -James Wise, Partner at Balderton Capital.



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