Connect with us

Technology

Research Grid raises $6.4M to automate clinical trial admin

Published

on

Amber HIll

Amber Hill spent 14 years as a medical researcher. She didn’t mind the work, but there was one thing she consistently hated: administrative tasks. 

“I think most people do, especially in research,” she told TechCrunch. She would rather be analyzing data or building relationships with patients, she said. “But I was spending so much time doing manual tasks that didn’t require any medical expertise. It’s a process that’s completely broken, and I knew it could be fixed.” 

So, she did what any problem solver would do: She launched a company. 

Her startup, called Research Grid, was founded in London in 2020. The company is trying to make clinical trials more efficient by automating administrative and data management workflow. It hails itself as the the only software that can automate full back-office trials.

Advertisement

Research Grid on Tuesday announced a $6.4 million seed round, led by Fuel Ventures, with participation from firms including Ada Ventures and Morgan Stanley Inclusive Ventures Lab. 

Research Grid consists of two patent products: Inclusive and Trial Engine. Together, the products handle tasks such as flagging protocol errors, data extraction, and workflow. Right now, clinical trials use a more manual process supported by legacy software systems that often cause expensive delays during a trial. 

“They are built on old codebases, which means it’s almost impossible for them to innovate,” she said. “Our tech is already superior, and while the displacement of large players won’t happen overnight, it’s going to happen, and I don’t see why it won’t be us that does it.” 

But there are other issues Research Grid hopes to tackle, such as making clinical recruitment faster and better handling of the pressure that often comes from the Federal Drug Administration (FDA) regarding compliance. Recruitment can take months, “it’s manual, administrative, and hard to find people,” she said. It’s also hard to do consistently when it comes to finding people who fit in a narrow, strict criteria for a research trial.

Advertisement

Right now, it’s a very manual process, using non-targeted social ads and parsing health records. “If there’s not enough participation, researchers can’t understand if a drug or intervention is safe and effective, which ultimately means it’s not approved by regulators to go to the people who might need it most.” 

Plus, the FDA has now made it a requirement to make clinical trials more diverse, since women and people of color are often left out of medical trials. Hill sought to build a customer relationship management feature in Research Grid that has more than 80,000 groups, across 157 countries, representing around 2,000 medical conditions, she said. “It uses AI to extend far beyond traditional methods of finding people,” she said. “It helps out partners to find who they need to find in seconds rather than months.” 

Hill was introduced to her lead investor by the EMEA team of the venture firm Plug and Play, who came into this round early. The company, which has raised $8 million in venture funding to date, will use this latest funding to invest in more research and development, build out its engineering team, and further expand into the U.S. and Asian markets. 

“The next challenge is mostly about setting up the corporate infrastructure to seamlessly serve these partners,” she said of operating in the U.S., U.K., and Asia. 

Advertisement

Though this company, like many great ones, was built out of a frustration point, Hill said she always had a passion for entrepreneurship. She ran a nonprofit while studying for her doctorate as a way to widen her access to research. Running the business taught her how to be resilient and resourceful, and how to work with different types of people. “I kept a volunteer team together over three years without financial resources,” she recalled. “We fundraised the ‘old school’ hard way in buckets and took it to the bank.” 

Her first tech idea was to use AI to automate all the work that goes into running a nonprofit. “We’ve come full circle because that idea morphed into our pre-trial product and meaningful IP,” she said. When she knew she wanted to launch Research Grid, she applied to an incubator program to help switch her “mindset from nonprofit to for-profit,” from “academic to an entrepreneur.” Then she went through an accelerator program that put her in front of some of the largest investors in London; she raised her first £1 million — a feat in a country where Black founders raise less than 2% of all venture capital. And from 2019 to 2023, only eight Black women raised more than $1 million in venture funding, as TechCrunch previously reported.

The hardest part for Hill was getting the company off the ground during the pandemic as a solo founder. She managed through and is now in growth mode. Revenue grew over 20x last year and is expected to continue to grow, she said. The company is working across Big Pharma, Contract Research Organisations, and Clinical Sites, hiring more experts, and improving their AI technology.

“AI is expediting precision medicine, drug development operations, and changing the care pathway for everyone,” she said. “It’s here to stay.” 

Advertisement

Source link

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Technology

Quordle today – hints and answers for Wednesday, November 6 (game #1017)

Published

on

Quordle on a smartphone held in a hand

Quordle was one of the original Wordle alternatives and is still going strong now more than 1,000 games later. It offers a genuine challenge, though, so read on if you need some Quordle hints today – or scroll down further for the answers.

Enjoy playing word games? You can also check out my Wordle today, NYT Connections today and NYT Strands today pages for hints and answers for those puzzles.

Source link

Advertisement
Continue Reading

Science & Environment

Solar stocks tumble overnight as Trump leads in election results

Published

on

Solar stocks tumble overnight as Trump leads in election results


Copper Mountain Solar in El Dorado Valley, pictured on Thursday, Sept. 5, 2024, in Boulder City, Nevada. (Bizuayehu Tesfaye/Las Vegas Review-Journal/Tribune News Service via Getty Images)

Bizuayehu Tesfaye | Tribune News Service | Getty Images

Advertisement

Solar stocks sold off overnight as investors see Donald Trump leading in the U.S. presidential election.

Solar stocks are falling on fears that a possible Trump victory would spell trouble for the Inflation Reduction Act, which has fueled a clean energy boom in the U.S. through tax credits to expand solar energy.

The benchmark Invesco Solar ETF was down 7% in overnight trading on brokerage Robinhood. The solar panel manufacturer First Solar tumbled 8% overnight. Residential solar stocks Sunrun and Sunnova fell 6% and 2.6%, respectively. Inverter manufacturer Enphase tumbled 5% and Nextracker was down nearly 5%.

Trump’s campaign platform calls for the termination of the IRA, which he refers to as the “Socialist Green New Deal.” The IRA is one of President Joe Biden’s signature achievements. The law passed on party-line vote in 2022 without any Republican support.

Advertisement

Trump is leading in the electoral college and is projected to win the key swing state of North Carolina, according to NBC News. The future of the IRA, however, will depend not only on whether Trump wins the White House, but whether Republicans also secure control of Congress.

Kamala Harris’ campaign chair Jen O’Malley Dillon told staff in an email Tuesday that the clearest path to victory for the vice president lies in the so-called Blue Wall states of Pennsylvania, Michigan and Wisconsin.



Source link

Advertisement
Continue Reading

Technology

World’s first wooden satellite launched to space

Published

on

World’s first wooden satellite launched to space

Japan has just launched the first-ever wooden satellite to space.

The LignoSat cubesat was sent skyward by a SpaceX Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Monday and arrived at the International Space Station (ISS) aboard a Dragon supply ship the following day. The satellite will stay in orbit for about six months once it’s deployed from the ISS later this year.

Created by scientists at Kyoto University in partnership with homebuilder Sumitomo Forestry, each side of the cubesat measures a mere 4 inches (about 10 centimeters). It’s made of honoki, a type of magnolia tree native to Japan, and has been constructed using traditional Japanese techniques that forgo the use of screws or glue.

The idea behind the mission is to test the effectiveness of using wooden materials for satellites as a way to reduce space junk and protect the environment. When a satellite is decommissioned in low-Earth orbit, operators will try to dispose of it by burning it up in Earth’s atmosphere. But the large metal objects don’t always entirely disintegrate, with chunks of metal sometimes making it to the surface of our planet. Tiny metal particles can also end up in the environment.

Advertisement

Sensors aboard LignoSat will send back data that will allow scientists to learn about how well the wooden satellite is able to deal with the harsh conditions of space, which include huge fluctuations in temperature.

Digital Trends first reported on plans for the wooden satellite four years ago. Speaking to the BBC at the time, Takao Doi, a professor at Kyoto University and a former Japanese astronaut who has been to the ISS, said: “We’re very concerned with the fact that all the satellites which reenter the Earth’s atmosphere burn and create tiny alumina particles which will float in the upper atmosphere for many years.”

Speaking more recently, Doi said that if a wooden satellite design is found to be a viable alternative to metal ones, the team behind LignoSat plans to pitch it to SpaceX.


Advertisement





Source link

Continue Reading

Technology

EU to slap a fine on Apple for its ‘anti-steering’ App Store policies

Published

on

Samsung's latest "documentary" ad stars former Apple Geniuses

Apple may soon be facing a hefty fine from the EU over its App Store policies. It would be the first time the iPhone maker will be penalized under the EU’s Digital Markets Act (DMA).

Apple to be the first company penalized under the EU’s DMA for its App Store policies

Apple was declared guilty of enforcing “steering” policies on its App Store by the EU earlier this year. The European Commission also started a new investigation into Apple’s lackluster support for alternative iOS marketplaces in Europe.

The EU alleged Apple is undermining alternative iOS app stores. However, Apple is to face a hefty fine under the EU’s DMA, Blomberg has reported. This would make Apple the first company to face financial penalties under the DMA.

The Commission is gearing up to levy the penalty after it found that Apple’s “anti-steering” practices harmed competition on the App Store. Simply put, the EU concluded Apple does not wholly support the concept of allowing developers to guide or point users to cheaper purchases outside the App Store. EU deemed this behavior illegal under the DMA back in March.

Advertisement

How much fine Apple may have to pay the EU?

Incidentally, it is not just Apple that is facing heat or steep fines from the EU. Other tech giants such as Google and Meta are also under scrutiny, and they are facing some very hefty fines.

Back when Spotify had complained to the EU, the latter had slapped a €1.84 billion (about $2 billion) fine on Apple over its App Store policies. Incidentally, Spotify’s complaint about Apple’s anti-steering practices predates the DMA.

Currently, Apple is facing fresh proceedings into the company’s support for alternative iOS and iPadOS app stores. The EU has objected to Apple’s Core Technology Fee, its eligibility requirements for developers, and also its outlook towards third-party accessories. Additionally, the EU continues to allege Apple hasn’t made it easy for iPhone users to switch to third-party marketplaces.

The DMA rules state companies can be charged up to 10 percent of annual global revenue and up to 20 percent for repeat offenses. This reportedly translates to a $38 billion fine. Apple is yet to comment on the development. However, Apple would most likely contest whatever amount the EU decides.

Advertisement

Source link

Continue Reading

Technology

Sony will discontinue its pricey Airpeak S1 camera drone in March

Published

on

Menu

Sony announced that it will stop selling the Airpeak S1 camera drone. Sales of the product will end on March 31, 2025. Sony will also stop selling most of the drone’s accessories next year, but replacement batteries and propellers will be available until March 31, 2026. Inspections, repairs and software maintenance will continue through March 31, 2030.

The Airpeak S1 was initially introduced during a virtual presentation at CES in 2021. The drone was intended to capture high-definition footage with Sony’s full-frame mirrorless interchangeable-lens Alpha cameras. It could fly for 12 minutes with a camera attached and achieved a max flight speed of 55.9mph. While the high-end drone would set buyers back about $9,000 even before buying accessories, it had middling to flat-out negative reviews.

Source link

Continue Reading

Technology

Metavrse names Julie Smithson to lead vision for 3D creation for the spatial web

Published

on

Metavrse names Julie Smithson to lead vision for 3D creation for the spatial web

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More


Metavrse, a 3D creation platform for the spatial web, has named Julie Smithson as president and CEO.

The Toronto, Canada-based company started out as a kind of metaverse shopping mall, where people would shop virtually for digital or real-world things.

A husband-and-wife team, Alan and Julie Smithson, started working on the company in 2015 amid the virtual reality craze and incorporated the company in the spring of 2016. They assembled a team and built an engine to run the mall on the web in 2020 and kept working on it. Alan Smithson served as CEO and he announced TheMall in 2022 with the hope of filling 100 floors of virtual retailers.

Advertisement

Now the company describes itself as focused on 3D creation for the spatial web, with a focus on XR, 3D and the metaverse. And the Smithsons are changing roles.

“Our mission is to make the metaverse creation experience as intuitive as possible,” said Julie Smithson, CEO of Metavrse, in a statement. “We are thrilled to unveil the next chapter of Metavrse. By combining AI with spatial web technologies, we are creating a platform that empowers users — regardless of their technical skill level to build immersive virtual worlds and experiences effortlessly.”

Before now, Julie Smithson had served as COO and cofounder. Now the team has delivered more than 200 3D projects for companies such as Microsoft, T-Mobile, Samsung, Wipro, JP Morgan, Mars-
Wrigley, Mastercard and more. She was recently named “Top 100 Women of the Future, 2024.”

Julie Smithson said the mission is to make the metaverse creation experience as intuitive as
possible, inspiring innovation and creativity across sectors like education, training, marketing,
retail, and entertainment.

Advertisement

As part of this transformation, Metavrse will soon relaunch its flagship platform, making it easier than ever for creators to develop and deploy immersive content entirely within their browsers. This shift eliminates the need for specialized hardware or software, offering users from all backgrounds the opportunity to shape the future of the spatial internet.

“As we drive technological innovation, our core focus is to empower creators to build and deliver
transformative experiences that reshape entire processes and industries,” she said. “At Metavrse, we are excited to unveil new opportunities for creators, educators, and marketers to explore the limitless potential of 3D creation.”


Source link
Continue Reading

Trending

Copyright © 2024 WordupNews.com