News Feed Item
Comprehend Raises $21 Million in Series B Funding
|By Business Wire
|August 18, 2014 09:30 AM EDT
today announced it has secured $21 million in Series B financing to
accelerate clinical development through its cloud-based business
intelligence solutions, enabling life science companies to bring new
treatments and devices to market faster and more affordably. The round
was led by Lightspeed
Venture Partners with support from existing investor Sequoia
Capital. Lightspeed partner Peter Nieh joined the company’s board of
“Life science companies spend more than $4 billion to bring a single
product to market, largely because they cannot access the information
they needed to manage their clinical trials,” said Peter Nieh, partner
at Lightspeed Venture Partners. “Comprehend’s analytical solutions
enable life science companies to execute the clinical research process
in a fundamentally new way, and the market is responding with great
Comprehend offers a new approach that provides universal access to
clinical trial data and analytics, enabling all stakeholders – from the
C-level to clinical operations to data management to clinical monitors –
to access up-to-date information about all aspects of their clinical
development operations. As a result, Comprehend integrates the silos
that traditionally have hindered the clinical development process,
leading to more effective trials, increased collaboration and
auditability, and drastically reduced research timelines and study costs
for drug and device companies of all sizes.
In the past year, Comprehend has increased its customer base by more
than 100 percent, with new additions to its client roster including
Boston Scientific, Karyopharm, MERGE, Atlantic
Research Group and Versartis.
The company will use the new round of capital to expand its product
development and customer solutions teams to further develop its
cloud-based business intelligence solution.
“With a management and customer services team that truly understands
today’s clinical development challenges, Comprehend is filling a
critical unmet need and driving change in an industry that’s desperate
for innovation,” said Sharon Shacham, Ph.D., MBA, president and chief
scientific officer, Karyopharm Therapeutics Inc.
To accommodate its growing team, Comprehend moved its headquarters to
Redwood City, Calif. last year. Looking ahead, Comprehend expects to
increase its staff by 80 percent and will continue to heavily invest in
product R&D, sales and marketing, and its support services.
“The ability to analyze clinical data in a timely and comprehensive way
is completely changing the clinical process and the way new treatments
come to market. Comprehend is at the center of that shift,” said Rick
Morrison, CEO of Comprehend. “This latest round of funding further
validates our approach to redefining clinical operations, risk-based
monitoring, adaptive trials, performance and execution metrics, and
clinical trials as a whole. Ultimately, we’re enabling more patients to
get the critical treatments they need sooner.”
Tweet this: @Comprehend raises $21M Series B from @lightspeedvp and
@sequoia for #cloud-based BI solution for life sciences http://buff.ly/1mNWe5y
About Lightspeed Venture Partners
Lightspeed Venture Partners (http://lsvp.com)
is a leading venture capital firm with over $2 billion of committed
capital under management and investment professionals and advisors in
Silicon Valley, India, Israel and China with Lightspeed China Partners.
Over the past two decades, Lightspeed partners have backed more than 200
consumer and enterprise, many of which have become leaders in their
respective markets, including Blue Nile, Brocade, Ciena, DoubleClick,
eHealth, Fusion-io, Informatica, Nest Labs, Nicira, Nimble Storage,
SnapChat and Riverbed Technology.
About Comprehend Systems, Inc.
Comprehend Systems, Inc. (www.comprehend.com)
offers cloud-based clinical data insights tools that improve the way
clinical researchers access, understand, explore and analyze data.
Designed specifically for life sciences, Comprehend Clinical ™ enables
data managers, monitors and clinical operations executives to identify
broad operational and clinical trends across trials and also easily
drill down and report on a wide range of factors, including safety
issues, regulatory requirements and opportunities for critical time and
cost savings. Comprehend Systems was founded in 2010 in Palo Alto by a
team of entrepreneurs with decades of combined experience in clinical
research and software development.
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 29, 2015 11:45 PM EDT Reads: 1,022
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow.
In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
Jul. 29, 2015 11:45 PM EDT Reads: 1,367
"We have been in business for 21 years and have been building many enterprise solutions, all IT plumbing - server, storage, interconnects," stated Alex Gorbachev, President of Intelligent Systems Services, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 29, 2015 10:45 PM EDT Reads: 1,027
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Jul. 29, 2015 05:30 PM EDT
"We specialize in testing. DevOps is all about continuous delivery and accelerating the delivery pipeline and there is no continuous delivery without testing," noted Marc Hornbeek, Sr. Solutions Architect at Spirent Communications, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 29, 2015 05:15 PM EDT Reads: 363
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers.
In his session at @DevOpsSummit, Haseeb Budhani, CEO and Co-founder of Soha, shared five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the friction an...
Jul. 29, 2015 04:30 PM EDT Reads: 499
"Alert Logic is a managed security service provider that basically deploys technologies, but we support those technologies with the people and process behind it," stated Stephen Coty, Chief Security Evangelist at Alert Logic, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 29, 2015 04:15 PM EDT Reads: 327
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology.
Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve.
Digital Transformation means:
handling all the data types being found and created in the organizat...
Jul. 29, 2015 04:00 PM EDT Reads: 1,070
The essence of cloud computing is that all consumable IT resources are delivered as services.
In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
Jul. 29, 2015 03:15 PM EDT Reads: 396
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Jul. 29, 2015 03:15 PM EDT Reads: 240
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016.
Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one.
In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Jul. 29, 2015 03:00 PM EDT Reads: 466
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional?
In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Jul. 29, 2015 03:00 PM EDT Reads: 1,257
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Jul. 29, 2015 02:30 PM EDT Reads: 106
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications.
In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Jul. 29, 2015 02:30 PM EDT Reads: 325
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting.
In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
Jul. 29, 2015 02:00 PM EDT Reads: 1,170