In addition to improving efficiency, Research Grid also aims to expedite clinical recruitment and better handle pressure from the FDA regarding compliance. The company has built a customer relationship management feature that uses AI to find suitable trial participants. The startup, which has raised $8 million in venture funding to date, plans to use the latest funding to invest in research and development, expand its engineering team, and further expand into the U.S. and Asian markets.
Key takeaways:
- Amber Hill, a former medical researcher, founded Research Grid in 2020 to automate administrative and data management tasks in clinical trials, aiming to make the process more efficient.
- The startup recently raised a $6.4 million seed round led by Fuel Ventures, with participation from Ada Ventures and Morgan Stanley Inclusive Ventures Lab.
- Research Grid's technology includes two patent products, Inclusive and Trial Engine, which handle tasks such as flagging protocol errors, data extraction, and workflow, and aims to improve clinical trial recruitment and compliance with FDA regulations.
- The company has raised $8 million in venture funding to date and plans to use the latest funding to invest in more research and development, expand its engineering team, and further expand into the U.S. and Asian markets.