Research Grid funding news – London-based Research Grid Secures $6.5Million in Seed Funding

Many clinical trials still use outdated software, which leads to costly delays. Research Grid has created two products—Inclusive and TrialEngine—that help clients manage the entire process of clinical trials in one place. These tools use AI to automate tasks like data management and administrative work.

Read also - Oriole Networks funding news – London-based Oriole Networks Secures an Additional €20.2 Million Funding

The company will use the funding to improve its AI technology, expand its engineering team, and grow its marketing and sales efforts, with a focus on the US and Asian markets.

Dr Amber HIll, founder and CEO of Research Grid, said: “I spent 14 years as a medical researcher and I would spend hundreds of hours copying data from one system to another. The back office process is completely broken. When you multiply this across the industry the costs for patients and research institutions are astronomical. That’s why we’re building the automation engine for admin-free clinical trials. Whether you’re a pharmaceutical company, a CRO, or a clinical research site, we can help you run faster, more successful clinical trials. We’ve already seen how AI is accelerating drug discovery and it’s time to do the same in clinical trials. We’re delighted to have the support of Fuel Ventures and other investors. Now we can focus on expanding our engineering teams and scaling up our R&D efforts, allowing us to deliver more of the features our customers are asking for. We’ll also be growing our sales and marketing team so that we can take advantage of opportunities in the US and Asia.”

Shiv Patel, Partner at Fuel Ventures, said: “Every investor wants to find unicorns, and with the clinical trial market expected to reach over $95 billion in the next five years, we believe in the mission, proposition and trajectory of Research Grid.”

About Research Grid

Research Grid is a software platform that automates the administrative tasks in clinical trials. Their goal is to make clinical trials faster and more successful by using smart software to handle back-office work throughout the entire trial process. With their deep knowledge and experience, they have created two main solutions: Inclusive for patient and community engagement and TrialEngine for managing the trials themselves. These tools support different types of trials and therapeutic areas.