Biofourmis
ML-driven predictive analytics platform for healthcare
- 201-500 employees
- Healthcare
- B2B
- Artificial Intelligence
- Analytics
- Machine Learning
- SaaS
- Data Analysis
- Needham Heights, Needham, MA
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Company mission
To harness the power of technology and data to shape innovations that bring the right care to every person, no matter where they are.
4% employee growth in 12 months
Our take
Data provides the means for analysts to predict all manner of life events, including using health data to predict patient deterioration. However, aggregating and analysing data is such a time-consuming process that it is almost impossible to get a holistic view of a patient's health and predict the best courses of action.
Biofourmis provides an ML-driven healthcare predictive analytics platform, aggregating patient data and using ML to analyse the data, streamline connections between patients and care teams, and ultimately predict health outcomes. The platform integrates directly with existing software for care providers, pharmacies, patients, and healthcare payers, helping to reduce healthcare costs by increasing data transparency, optimising care plans, and reducing re-admission rates.
Whilst the company faces competition from other ML-driven healthcare data analysis platforms, Biofourmis stands out by providing its services to all parties, not just healthcare providers - an approach which provides the benefits of AI-assisted healthcare whilst reducing existing communication friction. Having surpassed unicorn status in 2022, the company has been focused on expanding operations, including by scaling its virtual care offerings and securing further high-value partnerships.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 9 rounds)
Aug 2022
$20m
SERIES D
Apr 2022
$300m
SERIES D
Total funding: $463.6m
This company has top investors
Leadership
Maulik Majmudar, M.D.
(Chief Medical Officer)Research Fellow in Cardiovascular Medicine and Associate Director of the Healthcare Transformation Lab for Massachusetts General Hospital from 2011 to 2018. Medical Advisor for Amazon from 2018 to 2021, and for HILABSINC since 2016.
David Koretz
(CEO)Previously Board Member at Plum Inc, was on the Board of Directors for BlueBox Security and EarthLink and was Corporate VP of Juniper Networks.
Steve McKenzie
(CRO)Was the VP of CoPilotIQ, a National Director at Paychex and was a VP at Dollar Financial Group.