Evidence Partners, Ottawa, Canada-based market leader in AI-enabled literature review automation software and creator of DistillerSR™, announced that it closed a $20 million growth financing.
The round was led by Thomvest Ventures, with participation from Pender Ventures and Export Development Canada (EDC).
Evidence Partners will use the funds to accelerate global growth and hire additional product, engineering, sales, marketing, and customer success talent.
Company: Evidence Partners® Inc.,
Raised: $20.0M
Round: Growth
Funding Month: Aug 2022
Lead Investors: Thomvest Ventures
Additional Investors: Pender Ventures and Export Development Canada (EDC)
Company Website: https://www.evidencepartners.com/
Software Category: AI-enabled literature review automation software
About the Company: Founded in 2008, Evidence Partners pioneered the development of AI-enabled literature review software through the development of DistillerSR, which has had double-digit growth since the platform's launch in 2009. Literature reviews are the cornerstone of evidence-based research, but their production has traditionally been highly manual, time-consuming, and errors prone. Today, more than 300 of the world's leading research organizations, including more than 60 percent of the largest pharmaceutical and medical device companies, trust DistillerSR to securely produce transparent, audit-ready, and regulatory-compliant literature reviews faster and more accurately than any other method. Evidence Partners is headquartered in Ottawa, Canada.
Source: https://www.evidencepartners.com/evidence-partners-raises-20-million-in-growth-financing-to-fuel-global-expansion-and-talent-acquisition