WALTHAM, Mass., March 29, 2017 /PRNewswire/ -- SHYFT
Analytics, the leading analytics cloud for life sciences, today
announced it has secured a $7.5
million investment from Optum Ventures, closing out a
strategically-lead $20 million Series
B Round of funding that included McKesson and Medidata
Solutions.
For more information on SHYFT, click
http://shyftanalytics.com.
"Our growth is a reflection of the value we're delivering to our
customers and the importance of data analytics in clinical and
commercial decision making," said Zack
King, CEO and Founder of SHYFT Analytics. "The investment
from Optum is an affirmation of that value and of our shared view
of the exciting and transformative changes happening in health care
today. As our customers become ever more patient-centric, we're
partnering with leading companies to develop and deliver the right
treatment to the right patient with the best possible outcome."
Optum's investment in SHYFT closes out an all-strategic and
oversubscribed $20 million Series B
round, including an initial $12.5
million from McKesson, Medidata and existing investors. The
funding will fuel SHYFT's rapid growth and expansion and further
advance its leading healthcare cloud analytics solutions in the
areas of Real World Evidence (RWE), Specialty Pharma, and Rare
Disease. Along with the investment, Optum Ventures will join
SHYFT's Board of Directors.
SHYFT customers include a number of the top 10 and emerging
mid-market global pharmaceutical companies with a rapidly-expanding
customer base in oncology, cardiovascular disease, diabetes,
specialty, rare disease and biotechnology.
About SHYFT
SHYFT is the leading analytics cloud for
life sciences that enables companies to catalyze clinical
development and commercial growth through converged insights.
Customers drive collective patient-centric action against key
business drivers as they unleash the patient paradigm and become
capable of anticipating, designing and delivering the right
treatment to the right patient at the precisely the right time.
Learn more about SHYFT at www.shyftanalytics.com, or follow the
company on Twitter @SHYFTAnalytics or LinkedIn.
About Optum Ventures
Optum Ventures is an investment
arm of Optum, a leading information and technology-enabled health
services business and a UnitedHealth Group (NYSE: UNH) company.
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SOURCE SHYFT Analytics