AI-biotech startup Owkin becomes France’s latest unicorn

Bernardo Montes de Oca
November 18, 2021

Owkin is France’s latest unicorn after raising $180 million in equity investment from Sanofi, a French pharmaceutical company.

The startup uses machine learning and predictive AI to generate biomarkers for both disease and treatment outcomes. This data allows clinical trials to be more effective.

Instead of gathering data on the company’s servers, Owkin uses Federated Learning so only the predictive models from other sources travel between servers. Thus, Owkin ensures to transmit learning while maintaining privacy.

Owkin aims to connect the global healthcare industry through the responsible use of data and artificial intelligence. Both companies hope that the partnership allows for presence in the world’s top oncology centers.

“This landmark partnership with Sanofi will see federated learning used to create research collaborations at a truly unprecedented scale”, Thomas Clozel, Owkin’s co-founder and CEO, said in a statement.

The French-American company recently won the Best MedTech company in Oncology in the latest MedTech Visionaries Awards.
   
   

Bernardo Montes de Oca
Content creator in love with writing in all its forms, from scripts to short stories to investigative journalism, and about almost every topic imaginable. From start-ups to nature, from literature to aviation. Hearing impaired, so let’s talk loud and clear.
MORE STORIES
Mexico wrestles with itself to grow startups
Text Link

Startups in Mexico have to tackle complex issues to overcome, but they still believe they can succeed. In fact, making it in Mexico is part of their goals

Read More...
Sigma Computing lands $300 million in Series C Funding Round
Text Link

Sigma Computing lands a $300 million funding round to make cloud analysis easier for any company

Read More...
© Copyright 2021 Slidebean Incorporated. All rights reserved
Made with 💙️ in New York City + San José, CR