Sorcero, a Washington, D.C. and Cambridge, Massachusetts-based provider of medical and technical Language Intelligence (LI), raised $10 million in a Series A round led by CityRock Venture Partners and Harmonix Fund.
The round also included participation from Rackhouse, Mighty Capital, and Leawood VC, and joining previous investors, Castor Ventures and Worldquant Ventures, to support the increasing demand from new and existing customers.
The latest funding intends to continue scaling its medical and technical language intelligence platform.
Company: Sorcero, Inc.
Raised: $10.0M
Round: Series A
Funding Month: September 2021
Lead Investors: CityRock Venture Partners and Harmonix Fund
Additional Investors: Rackhouse, Mighty Capital, Leawood VC, Castor Ventures, and Worldquant Ventures
Company Website: https://www.sorcero.com/
Software Category: Language Intelligence platform
About the Company: Sorcero supports an enterprise’s subject matter experts to make better decisions, at scale. Sorcero’s Language Intelligence platform combines the power of the biggest language models with the accuracy of industry ontologies to deliver the next generation of advanced analytics for medical and technical content. The total addressable market (TAM) is large and growing rapidly, estimated at $42 billion for analytics in life sciences, $8.6 billion in clinical analytics, and $122 billion in augmenting the biomedical workforce
Source: https://hitconsultant.net/2021/09/16/sorcero-funding/