Startup that helps radiology providers share imaging data with researchers raises $17M

Startup that helps radiology providers share imaging data with researchers raises $17M Marty Stempniak

Briya, a startup that helps radiology providers share their imaging data with researchers, has raised $11.5 million in new funding.

Israeli venture capital firm Team8 led the series A financing round, with additional contributions from Insight Partners, Amiti Ventures and the George Kaiser Family Foundation. The contributions balloon Briya’s fundraising total to $17 million, which it will use to fuel U.S. expansion.

The company offers a blockchain-secured data exchange platform, which enables hospitals to collect additional revenue by sharing their imaging data with research organizations. Briya said healthcare systems and academic institutions in Europe and Israel are already using the solution.

“By implementing Briya's data platform, we can now quickly access relevant clinical and radiological data from various sources in mere seconds,” Jawed Nawabi, MD, a radiology specialist at the Institute of Neuroradiology at Charité, Universitätsmedizin Berlin, said in a Sept. 20 announcement. “This has not only increased our efficiency in clinical research but also improved our collaboration within our international research network, thanks to a decentralized approach, enhanced data security, and increased transparency in data processing.”

Briya said its platform simplifies the process of data sharing by handling formatting, data deidentification, security, contracting, payments and approvals. Healthcare organizations often face “significant challenges” in exchanging data with research partners, noted David Lazerson, CEO and co-founder of the vendor, which has offices in Israel and Nashville, Tennessee. Briya’s platform helps cut through such challenges, while allowing organizations to generate “lucrative revenue streams.”