NEW! How Vijay Shekhar Sharma built a billion-dollar startup Paytm! Read More

FundingsStartups

Owkin a healthcare research Startup raises funding of $25 million

1 Mins read

For those who have seen the current pandemic situation all over the world, you might also be interested in the fact that hackers are targeting the research as well as healthcare sector of various countries simply because they want to gain some insider knowledge into what is happening regarding the vaccine research and development of COVID-19. This is also the reason why hospital systems are getting hacked and people are stealing data away from those systems. But we have a startup that is developing a network that will prove to be secure for the Owkin healthcare analysis and research.
Owkin a healthcare research Startup
As far as security in research is concerned, that is not something we have heard about a lot. Because of the simple fact that it has been overlooked for years. But the current situation has forced us to rethink about it and make it more secure so as to keep the secrets. Owkin a healthcare research startup is creating a virtual lab called Owkin Studio for data scientists, clinical doctors, academics, and pharmaceutical companies who can all log in to this system for security.

Owkin reveals that “all parties can access anonymized data sets and models exclusively to refine their own research and development and studies to ensure that the most cutting-edge insights into novel biomarkers, mechanisms of action and predictive models inform the work that all of the relevant parties are doing”.
Owkin a healthcare research Startup

To understand how the company makes money from this system, TechCrunch reports that they enable remote access to the data sets by pharma companies which encourages them to join the system and research institutions get another revenue stream as well. Owkin CEO says that “We have a huge loop of academic universities that have access to the data and are developing algorithms and we share data,”. “At the end what it helps is developing better drugs.”

Related posts
FundingsStartups

Xwing, an autonomous aviation startup, raises $10M for pilotless flights

1 Mins read
We have seen that the world is moving towards autonomy in the sense that everyone is talking about driverless cars as well…
NewsStartups

70% of Indian startups might go bankrupt in the next three months

1 Mins read
We know that the Coronavirus outbreak has meant that everyone is under lockdown, and this is done to avoid the spread of…
FundingsNews

Enterprise learning platform GO1 raises $40M from Microsoft

1 Mins read
One thing we all know for a fact is that learning in the time of COVID is going to see a lot…

Liked this post? Let us know your thought by posting comments here.

×
FundingsNews

WorkStream raised funding of $10 million for Hiring platform