Thursday, November, 21, 2019 04:37:49
  • Bigfinite has raised more than $23.5 million till date
  • The new funding will help Bigfinite expand its footprint in the market

Bigfinite, a startup offering simple SaaS solutions to tackle complicated needs in pharma and biotech, has reportedly secured $15 million in Series B financing to help with the market expansion of its SaaS platform.

Firms like Honeywell Ventures, Institut Català de Finances and Atlantic Bridge led the financing round along with the participation from other existing investors like Crosslink Capital, La Famiglia and Uncork Capital. Bigfinite has been able to raise a total amount of over $23.5 million.

Pep Gubau, co-founder and CEO of Bigfinite stated that Atlantic Bridge happens to boast an excellent track record of investment in the new generation of computing that includes big data, Industry 4.0, artificial intelligence while Honeywell Ventures exhibits expertise in analytics, advanced manufacturing and Internet of Things. This will result in an ideal partnership in investment for Bigfinite.

Gubau further comments that the company looks forward to continuing business with these organizations and expand the company’s footprint in the life science manufacturing market.

San Francisco-based Bigfinite was founded by Pere Merino and Pep Gubau in 2014. The AI-powered SaaS platform assists the biotech and pharmaceutical firms to look for new ways in order to optimize the process of manufacturing, improve regulatory compliance and reduce quality issues. The company is mainly located in San Francisco, California and has an office in Europe in Barcelona, Spain.

Andrew Smyth, Investment Director, Atlantic Bridge, commented that the improvements in manufacturing process have the potential to save billions of dollars every year while a massive amount of data goes unused.

Smyth continued that Bigfinite’s uses AI practically in order to offer predictive models which can possibly save the industry millions in major reduction of efforts made to ensure data integrity and compliance as well as lost product.

Bigfinite offers an intuitive way for gaining actionable operational intelligence with data as it enables predictive insights and real-time visibility in GxP compliant manner with complete data integrity.

Source Credit-  https://techstartups.com/2019/11/04/saas-startup-bigfinite-raises-15m-series-b-financing-atlantic-bridge-honeywell-ventures-disrupt-manufacturing-analytics/