Ketryx: Application Lifecycle Management Company Raises $14 Million

The round was led by investor Lightspeed Venture Partners, with participation from existing investors including MIT’s E14 Fund and Ubiquity Ventures, bringing the total funding raised to date to over $18 million. Lightspeed partner Guru Chahal will join the board. The new funding round will be used to accelerate product development and commercial expansion.

The healthcare industry has been embracing software and its promise to improve patient outcomes, including the power of Artificial Intelligence/Machine Learning (AI/ML). So companies are grappling with how to maintain quality assurance and regulatory compliance as more frequent software updates are required and software complexity grows.

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