WhizAI, a Somerset-based purpose-build cognitive insights platform for life sciences, announced on Monday a $4 million seed funding round led by Healthy Ventures to update its growth strategy and redefine its business and sales output.
“Our cognitive insights platform is fundamentally changing the way life sciences users analyze data and consume business insights. The days of data silos, piecemeal analytics, dashboard deluges and extensive software training are over. This funding enables us to expedite our sales footprint and execute on our product vision,” Rohit Vashisht, co-founder and CEO, WhizAI, said.
The company said it will use the seed money to grow its industry footprint by expanding its team and investing in sales and marketing.
As part of the financing, Anya Schiess will join the company’s board of directors.
“The life sciences industry is increasingly running on data, yet major companies keep telling us they can’t make use of it all. We were delighted to find that Rohit and Amitabh, two seasoned entrepreneurs with decades of experience in business intelligence, built a product to solve this problem exactly. WhizAI’s platform is deeply powerful, yet magically easy to use. It is already transforming and deepening the relationship between business users and data insights,” Schiess said.