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By Sanford Bragg
After completing a $10 million capital raise, Cowen's Kyber Data Science subsidiary hired five senior staff to run the newly invigorated unit. The firm is betting heavily on a newly added healthcare transactions database for its future growth.
Kyber closed a $10 million Series A financing round in August 2020, led by Cowen and Ian McKinnon, a former managing partner of Ziff Brothers Investments. The financing has funded a series of new hires, including a new CEO and heads of data science, sales, product and marketing.
Kyber's centerpiece is a new health care claims and electronic medical records database. The dataset includes transactions relating to drug, medical device, diagnostics, and facilities companies. Kyber is promoting its cleansing, tagging (product, provider, disease, ticker), and enhancements (~40 external data sources, including formulary data) as differentiators for the product.
Kyber's other offerings are cannabis point of sale data licensed from Headset in 2018 and Cowen's two monthly consumer survey products which track internet usage and general consumer trends based on a panel of 2,500 U.S. consumers.
Cowen Inc. published this content on 18 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 14:22:01 UTC