Google Ventures, an existing investor in Flatiron Health, contributed the majority of the $130 million the big data startup recently raised in Series B funding.
Flatiron Health's data analytics platform is tailored to oncology and brings structured and unstructured patient data together to give providers a comprehensive, longitudinal view of a patient's history. The solution is designed to allow physicians to make evidence-based decisions about a cancer patient's care.
As many as 1,000 oncologists currently use the platform, according to a report in The Wall Street Journal.
Bill Maris, managing partner with Google Ventures, told the Journal this size investment from Google is unusual and emphasizes the potential Google sees in the company. "We don't generally make investments of $100-plus million," he said. "When we do make an investment of this size, it means we really believe in the team, and the product and the good that it can do for the world."
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