SAN FRANCISCO, Dec. 19, 2017 /PRNewswire/ — Bigfinite, a provider of data analytics and AI solutions for optimizing the pharmaceutical manufacturing process, today announced that it has raised $8.5 million in a seed round of financing led by Crosslink Capital, Uncork Capital (formerly SoftTech VC) and La Famiglia. Industry Ventures and Krohne also participated in the round. Omar El-Ayat, Partner, Crosslink Capital and Andy McLoughlin, Partner, Uncork Capital (formerly SoftTech VC) will join Bigfinite’s Board of Directors.
The pharma manufacturing process yields massive amounts of data and since it comes from numerous sources, in a variety of formats, and is stored in disparate locations — it’s messy. A 2013 McKinsey report
imagined a future where instead of rigid data silos that are difficult to exploit, data are captured electronically and flow easily between functions (e.g., discovery and clinical development, as well as to external partners, for instance, physicians and contract research organizations) — powering the real-time and predictive analytics that generate business value. Read rest here.