Clinical data software developer Comprehend Systems has raised a $8.4m Series A round led by Sequoia Capital alongside Aaron Levie, Nils Johnson, Zod Nazem, Zorba Lieberman and the Life Science Angel Network.
The company said it will use the funding to continue development of its cloud-based technology platform.
“Clinical trials are increasing in complexity but the tools to manage and analyze the data are outdated,” said Warren Hogarth, partner at Sequoia Capital, who will join the company’s board. “Comprehend’s simple and tailored approach provides real-time insights and facilitates collaboration that helps researchers make more informed decisions about their data, save time and money, and bring a drug to market faster.”
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