We are thrilled to announce that Inovia is leading Medeloop’s US$15.5M Series A financing round, powering Rene Caissie’s mission to accelerate medical research and pursuing our thesis of backing incredible Canadian founders building with global ambitions.
Today, the medical research process is fraught with inefficiencies. From siloed data corpuses to cumbersome infrastructure, researchers must navigate a complex, inconsistent, and outdated tech stack that acts in resistance to a workflow in which timeliness is paramount. Our conversations with investigators at top academic research institutions suggest that research teams today use more than a dozen different software solutions and spend significant time and energy centralizing disparate resources – all of which contribute to a $80B+ annual R&D spend.
Few founders understand the impact of these inefficiencies better than Rene, a trained maxillofacial surgeon, published researcher, Adjunct Professor at Stanford, and father to Stella, whose diagnosis of complex regional pain syndrome (CRPS) introduced a deeper meaning to the consequences of lethargic research timelines. We are constantly impressed by Rene’s domain expertise, which manifests in his ability to connect deeply with customers and his thoughtfulness in selecting the appropriate technology for his users – AI that fits the confines of healthcare infrastructure and regulation but also pioneers new value across the research workflow.
With this deep expertise and personal passion, Rene founded Medeloop alongside Raghav Samavedam (CTO) and Josh Walonski (CSO) to build the first medical research platform powered by autonomous AI agents. Medeloop’s platform offers a comprehensive suite of embedded applications, including Grants, Studies, Analytics, and Publish that enable researchers to efficiently manage every aspect of a study from inception to publication. Medeloop’s core offering, Medeloop Analytics, leverages an autonomous AI research agent that ingests, aggregates, and harmonizes disparate, multimodal data from EHRs, wearables, multi-omics, and institution-level datasets to create a knowledge graph. Researchers can then use this knowledge graph to query questions instantly and receive statistical analyses and detailed summaries in minutes, ultimately fast-tracking the time to breakthrough discoveries.
Medeloop is already being used by researchers at leading institutions across the US and Canada representing $25B+ in net patient revenue. Using Medeloop, these researchers have successfully won competitive grant processes and are streamlining their workflows to result in meaningful productivity gains, cost savings, and revenue generation.
We are excited to be teaming up with Rene and the Medeloop team as they redefine the limits of medical research. We can’t wait to get the platform into researchers’ hands!