Briya – an end-to-end healthcare data exchange platform – recently announced the completion of an $11.5 million Series A round of financing, bringing the company’s total funding to $17 million. Team8 led this funding round, including existing investors Insight Partners and Amiti Ventures, and is joined by the George Kaiser Family Foundation.
The funding round will support Briya’s mission to transform how data is exchanged between healthcare and life sciences organizations, emphasizing supporting the United States health ecosystem. And the company’s scalable data exchange platform enables hospitals to capitalize on their patient data. It has been implemented in healthcare systems and academic institutions, primarily in Europe and Israel.
The Briya platform connects clinics and hospitals with academic and pharmaceutical research teams, addressing organizations’ challenges in collecting and exchanging healthcare data. And the highly secured data exchange empowers hospitals to effectively utilize their health data and safely share it, in compliance with all regulatory guidelines. And at the same time, it provides life sciences organizations seamless access to high-quality, de-identified real-world data to expedite development and time-to-market for new therapies.
Briya’s blockchain-powered system standardizes all electronic health records, enabling better access to and exchange of live anonymized healthcare data for life sciences organizations. And this technology facilitates optimal use of a range of AI and machine learning tools, real-world data, and health economics studies to optimize clinical trials, ensure regulatory compliance, and accelerate drug discovery. The timing of this funding round highlights stakeholders’ confidence in the value Briya brings to the market by enabling healthcare organizations, researchers, and pharmaceutical organizations to exchange real-world healthcare data efficiently.
KEY QUOTES:
“By implementing Briya’s data platform, we can now quickly access relevant clinical and radiological data from various sources in mere seconds. This has not only increased our efficiency in clinical research but also improved our collaboration within our international research network, thanks to a decentralized approach, enhanced data security, and increased transparency in data processing. It ultimately enhances interoperability and data quality.”
— Dr. Jawed Nawabi, a radiology specialist at the Institute of Neuroradiology at Charité – Universitätsmedizin Berlin, a Newsweek Top 10 global hospital, and Digital Clinician Scientist Fellow at the Berlin Institute of Health at Charité (BIH)
“Briya has developed the only end-to-end solution currently on the market that streamlines the entire process of data sharing between healthcare organizations and life sciences organizations. It not only handles discovery, formatting, de-identification, and securing transfer of data, but also solves operational hurdles such as contracting, payments and approvals. This unique end-to-end vision, coupled with its cutting-edge technology, makes us confident that Briya will significantly improve the healthcare industry’s ability to make positive use of clinical data.”
— Sarit Firon, Managing Partner of Team8, leading the group’s investment arm
“Despite the abundance of available healthcare data, the fragmented nature of the current system, combined with complex compliance issues and a lack of standardization, means healthcare organizations face significant challenges in sharing their data with pharmaceutical and research partners, impeding medical research and care. Briya’s data exchange platform provides a scalable and secure model that allows hospitals to take full advantage of all that patient data has to offer, with minimal additional effort, to promote greater collaboration while generating lucrative revenue streams.”
— David Lazerson, CEO and Co-founder of Briya
“Privacy and speed are top priorities when it comes to digital health and Briya provides both the confidentiality and fast queries simultaneously. It is the most comprehensive decentralized data platform we have seen in recent years, helping us establish smart contracts to share data and reduce data storage costs. We expect to see Briya adopted as a scalable data exchange solution in institutes, hospitals, and organizations across the U.S. in the near future.”
— Janet Meiling Wang-Roveda, professor of Electrical and Computer Engineering at the University of Arizona
“Briya has enabled us to concentrate on pioneering research and innovation while fostering strategic partnerships with academia and the industry – all vital elements for our continued relevance in the age of AI. It has become an integral part of the hospital’s legacy of excellence, as well as the broader Israeli innovation ecosystem.”
— Prof. Ronni Gamzu, CEO of the Tel Aviv Sourasky Medical Center
