LighthouseAI, a Los Angeles, CA-based provider of compliance solutions for the pharmaceutical supply chain, raised $2.25M in funding.
The round was led by Healthy Ventures with participation from Bertelsmann Next.
The company intends to use the funds to accelerate the growth and development of its flagship product suite, to enhance features and functionalities, scale operations, penetrate new segments within the industry, and solidify its position as an industry innovator.
Led by CEO Sumeet Singh, LighthouseAI is a provider of a SaaS product suite engineered to automate pharmaceutical supply chain compliance for professionals who are responsible for life sciences compliance with federal and state regulations for alignment with them, protecting revenue and reducing costs and risks.
LighthouseAI Intelligence® utilizes artificial intelligence to identify facility-specific requirements and automate regulatory surveillance across all state and federal jurisdictions, tailored to a user’s exact business model and product portfolio. As the Intelligence product solution identifies these requirements, LighthouseAI Management® provides a system for efficient tracking and handling of responses, including secure uploading and storage of crucial documents, task management, and activity-level tracking, enabling the user to manage all related activities and obligations.
The company serves 650 clients.
This funding is part of an ongoing $3.25M seed round.