Key Highlights
- Avandra raises $17.75 million to expand its federated network for medical imaging and clinical data.
- Aegis Ventures and SpringRock Ventures co-lead the investment, joined by Memorial Hermann, Northwell Health, and others.
- Funding to enhance platform development, expand data partnerships, and scale commercial initiatives.
- Murray Brozinsky appointed Executive Chair of the Board; Kirsten Morbeck joins as Board Member.
- Strategic partnership with Datavant integrates Avandra’s data network for secure and accessible health data exchange.
Source: Business Wire
Notable Quotes
- “Our investment in Avandra reflects the growing need to organize and apply medical imaging data in a meaningful way. We believe high-quality imaging data supports innovation and empowers research that advances evidence-based and patient-centric solutions.” — Feby Abraham, EVP & Chief Strategy Officer at Memorial Hermann Health System
- “We have very high conviction about the ability of real-world data to dramatically improve treatments, care plans, and equitable access for patients. And we believe health systems hold the keys to this future.” — Murray Brozinsky, Executive Chair at Avandra
- “We estimate over 90% of imaging data research requests go unfulfilled because available solutions can’t meet the required criteria. Our vision is to crawl, index, and make available 1 trillion images to bring forward the future of medicine.” — Ryan Tarzy, Co-Founder & CEO at Avandra
Why This Matters
Medical imaging data has immense potential to drive innovation in research, diagnostics, and patient care. However, accessibility challenges have left vast amounts of imaging data underutilized. Avandra’s federated network and strategic partnerships aim to bridge this gap, enabling researchers, biopharma, and AI companies to leverage high-quality imaging data for medical breakthroughs. With this funding, Avandra is poised to revolutionize imaging data accessibility, accelerating evidence-based treatments and improving patient outcomes worldwide.
