Nov 6, 2024

Research Grid , a NYC-based AI startup that helps medical research institutions automate back-office admin for clinical trials, raised $6.5M in funding. The round was led by Fuel Ventures, with participation from Arve Capital, Ada Ventures, Morgan Stanley Inclusive Ventures Lab, Arāya Ventures, Ascension Ventures, Plug and Play Ventures, and Atomico Angels. The company intends to use the funds to invest in R&D, developing more AI automations and building out its engineering teams. They also plan to grow its marketing and sales functions as Research Grid expands its presence in US and Asian markets. Led by CEO and Founder Dr Amber Hill, Research Grid provides Inclusive, a patient recruitment and engagement platform offering instant access to a vetted network of more than 91,000 global communities covering 2,050 medical conditions. It also automates all the admin, such as patient outreach, payments, and data management. Its TrialEngine product, which connects with Inclusive, handles the administration, data, and reporting workflows during the trial itself. It leverages the company’s AI algorithms to automate tasks such as protocol generation and data extraction. FinSMEs