BOSTON, March 11, 2021 /PRNewswire/ — Medical Analysis IO (CRIO), a Boston-based expertise agency providing medical analysis sponsors and websites a platform to streamline medical trials, introduced the completion of a $3.5 million Sequence A spherical led by Rally Ventures.
The spherical permits CRIO to increase its product and engineering groups to develop the following wave of merchandise. “Our objective has all the time been to streamline medical analysis,” mentioned Raymond Nomizu, firm co-founder and CEO. “To do that, we have to ramp up our product and engineering groups. We have now laid the groundwork with our unparalleled web site community of digital adopters, and now we wish to leverage this to unlock efficiencies for sponsors and contract analysis organizations (CROs).”
In 2020, within the face of journey restrictions imposed by many analysis websites, the corporate greater than doubled its income, buying over 600 analysis websites in 12 nations, as websites embraced the CRIO’s digital supply and regulatory choices. The corporate’s modules enable websites to seize knowledge in real-time, thus offering enhanced transparency and enabling distant monitoring by sponsors and CROs.
“CRIO has proven its effectiveness in enhancing the operational effectivity of lots of of medical analysis websites with its eSource, CTMS and eRegulatory software program choices,” mentioned Tom Peterson, CRIO board member and Enterprise Associate at Rally Ventures. “We have now been impressed with CRIO’s capability to work with their clients to scale back errors and enhance effectivity within the medical analysis course of. We’re assured they may prolong these advantages upstream to sponsors and CROs.”
Raymond Chang, lead investor within the firm’s seed spherical, additionally participated, together with Boston Millennia Companions and Mark Lacy. Boston Millennia Companions is a strategic development investor with deep roots within the medical trial area. Mark Lacy is the founder and CEO of Benchmark Analysis, a significant vaccine web site community and CRIO consumer.
“We have been enthusiastic about CRIO’s distinctive imaginative and prescient of unifying websites and sponsors round a standard digital platform,” mentioned Ren Roome, the agency’s Principal. “We consider they’ve demonstrated a stable monitor file of constructing sensible, value-enhancing merchandise that talk to person wants.”
ABOUT CLINICAL RESEARCH IO:
CRIO is a well being tech firm serving to analysis websites, hospitals, biotech, and pharma streamline regulatory workflows with paperless binders and an digital delegation log. Since its launch in 2016, over 600 analysis websites globally have adopted the system. Uncover extra at www.clinicalresearch.io.
Contact: Daenya McDonald, CRIO
Telephone: (240) 781-8834
E mail: [email protected]