Kythera Labs, a Franklin, TN-based healthcare technology and data analytics company, raised $20M in funding.
The round was led by BIP Ventures and CIBC.
The company intends to use the funds for the continued growth and scale of Wayfinder, its data-transforming technology platform, and accelerate the development and adoption of new and existing offerings. Kythera also plans to leverage financing to expand partnerships with industry leaders such as Datavant and Databricks.
Led by CEO Jeff McDonald, Kythera Labs is a data and technology company that enables Healthcare and Life Sciences organizations to integrate, access, and analyze healthcare data with scale and speed using the Wayfinder data science platform and pre-configured data pipelines, data science toolkits, and remastered data sets for competitive advantages across markets.
Wayfinder, built on Databricks, supports enterprise-grade scalability. It corrects, enhances, and adds new dimensions to healthcare data, using a dynamically improving common data model that facilitates data integration. The platform provides access to real-world healthcare data spanning over 8 years, including over 320 million lives with 29.3 billion encounters.