Ketryx Raises $14 Million to Boost Software Safety in Healthcare
This article originally appeared in Medical Design and Outsourcing News on December 5, 2023.
Ketryx, a company providing special software for the healthcare industry, has successfully raised $14 million in Series A funding. This round was led by Lightspeed Venture Partners, with participation from existing investors like MIT’s E14 Fund and Ubiquity Ventures, bringing the total funding raised to over $18 million.
The new funds will be used to speed up product development and expand commercial operations.
In the healthcare sector, the use of software, including Artificial Intelligence/Machine Learning (AI/ML), is on the rise to improve patient outcomes. However, companies are facing challenges in maintaining quality assurance and regulatory compliance as software updates become more frequent and software complexity increases.
Ketryx’s mission is to enhance medical software safety and reliability, aiming to reduce recalls and improve patient outcomes. With the growing complexity of quality assurance in the healthcare industry due to the rapid integration of software and AI, Ketryx seeks to address these challenges.
