Briya secures $11.5 million to fund blockchain-driven AI health data sharing

Today, Briya made a resounding announcement of securing an impressive $11.5 million in Series A funding, with Team 8 leading the way, and strong support from existing investors Insight Partners, Amiti Ventures, and Innocare Health Investment. This funding marks a pivotal moment for Briya as it paves the path for groundbreaking advancements in healthcare.

Briya’s mission is to empower hospitals by facilitating the secure sharing of de-identified health data with clinical researchers. Leveraging cutting-edge blockchain technology, the platform ensures complete data provenance, guaranteeing the utmost integrity and transparency in information sharing.

Already making waves in Europe and Israel, Briya’s innovative software has proven its worth. Now, with this substantial investment, the company is poised to make its mark in the United States, further revolutionizing the healthcare industry.

Dr. Jawed Nawabi, a distinguished radiology specialist at the Institute of Neuroradiology at Charité – Universitätsmedizin Berlin, praises Briya’s impact, stating, “By implementing Briya’s data platform, we can now quickly access relevant clinical and radiological data from various sources in mere seconds. This has not only elevated our efficiency in clinical research but also fostered collaboration within our international research network, all thanks to Briya’s decentralized approach.”

The protection of health data is of paramount importance due to privacy concerns. In a world increasingly reliant on artificial intelligence (AI) and machine learning for medical advancements, accessing hospital data has become urgent. Briya, however, ensures the safeguarding of privacy by anonymizing healthcare data before sharing it.

Janet Meiling Wang-Roveda, a distinguished professor of Electrical and Computer Engineering at the University of Arizona, underscores Briya’s significance, noting, “Privacy and speed are top priorities in the realm of digital health, and Briya delivers both confidentiality and rapid queries seamlessly. It stands as the most comprehensive decentralized data platform we’ve witnessed in recent years, enabling us to establish smart contracts for data sharing and significantly reduce data storage costs.”

In a landscape where innovation and security are paramount, Briya emerges as a trailblazing force, poised to transform the healthcare industry while respecting the sanctity of patient data and privacy.

Tracking health data with blockchain

Briya is undoubtedly a significant player in this field, but it’s important to note that they are not alone. Pharmaledger, a prestigious European consortium boasting the participation of renowned pharmaceutical giants like Pfizer and Novartis, is actively working on tackling the crucial issue of trusted data sharing in the realm of clinical trials.

Furthermore, Equideum Health, previously known as ConsenSys Health, has been diligently targeting this specific domain for several years. Their approach differs slightly, as they are deeply invested in the concept of self-sovereign identity and primarily focus on sharing data derived from wearable devices. In pursuit of their goals, they have forged a strategic partnership with Nokia Bell Labs to conduct cutting-edge research in the realm of cognitive augmentation.


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