London, 19 May 2021 – Causaly, the London-based company that allows researchers and specialists to intuitively map and navigate the intricate landscape of biomedical research, has raised $17 million from investors to grow its team and expand into new markets. Venture capital firm Index Ventures led the Series A investment, joined by Marathon, Pentech and EBRD. Carlos Gonzalez-Cadenas, partner at Index, joins the board.
Founded in 2018, Causaly’s platform deploys machine learning to quickly and easily discover meaningful relationships in the overwhelming thicket of human health data – currently published in tens of millions of public, licensed and proprietary documents. Its technology is the fastest way for world-leading researchers to find evidence, explore hidden connections between complex physiological mechanisms and make new predictions in biomedical science. The need for this ‘operating system’ for biomedical data has become particularly acute as the rise of precision medicine – coupled with the slower pace of new drug discovery – has placed extra pressure on researchers and pharmaceutical companies to find innovative treatments for patients.
Causaly is already working with nine large pharmaceutical companies, including Gilead, UCB and Novartis, as well as institutions such as the National Institute of Environmental Health Sciences. At one of their major global clients, 1,500 employees are using Causaly for drug research, safety and development. And while Causaly is currently focused on the pharmaceutical sector, its technology has a wide range of potential applications, including healthcare, cosmetics, consumer goods and any industry that touches human health.