The financing will also expand the international availability and augmentation of BrightInsight’s digital health platform for biopharma and medtech. Credit: Fernando Zhiminaicela / Pixabay.

US-based digital health platform provider BrightInsight has raised $40m in a Series B funding led by venture capital and private equity company Insight Partners.

Series A investors New Leaf Venture Partners and Eclipse Ventures have also participated in the funding round, which is aimed to ensure the growth and expansion of the company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The fund will be used by the company to expand the international availability and augmentation of its digital health platform for biopharma and medtech.

Launched in 2018, BrightInsight platform supports and optimises regulated drugs, devices and software through integrated data and actionable insights.

It enables customers to drive better patient adherence and engagement over therapeutic areas such as diabetes, respiratory, oncology, ophthalmology, obesity, haematology, immunology and neurology.

The company noted that it will use the fund to develop a new regional customer delivery centre in London to support its European clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It also intends to continue the international expansion plan in China and other Asian markets.

Additionally, the funding will enable BrightInsight to scale up the investment in analytics functionalities and launch new pre-built software assets.

BrightInsight CEO and co-founder Kal Patel said: “This Series B will enable significant growth and rapid scaling for BrightInsight at a pivotal time for our company. As we continue to grow our customer base and projects, this latest funding will be used to expand our company’s footprint globally so we can be closer to our customers.”

The company has a range of biopharma and medtech clients, including Roche, CSL Behring, AstraZeneca and Novo Nordisk.