Kythera Labs Announces $20 Million Funding To Accelerate Growth Of Its Wayfinder Data Technology Platform

Nov 07, 2023•about 2 years ago

Amount Raised

$20 Million

FranklinHealth CareData And AnalyticsSoftware

Investors

DatabricksDatavantCibcBip Ventures

Description

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.

Company Information

Company

Kythera Labs

Location

Franklin, Tennessee, United States

About

Kythera Labs is an information technology company exclusively focused on healthcare. Its cloud-based Wayfinder platform enables organizations to rapidly integrate, access, and analyze healthcare data with scale and speed. Pre-configured data pipelines, data science toolkits, and mastered data sets are built to support user's data and can also be supplemented with data from more than 310 million US patients. Healthcare providers, life sciences companies, payers, analytics companies, and researchers benefit from increased access to data, superior data quality and volume, and processing efficiency which create competitive advantages in commercial and clinical markets.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends